Taxman

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Taxman - Total results - 15
Tightening noose around money laundering: RBI orders demand drafts must have name of purchaser from 15 September
Business

Tightening noose around money laundering: RBI orders demand drafts must have name of purchaser from 15 September

The Reserve Bank of India (RBI) too has thrown its weight behind the Modi government's efforts with the latest one being making demand draft (DD) fool-proof insofar as money laundering is concerned.

Arvind Subramanian's three principles to ease formalisation woes: It's time these suggestions are acted upon
Business

Arvind Subramanian's three principles to ease formalisation woes: It's time these suggestions are acted upon

Why should a government that pushed demonetisation allow tax officials to set the taxation agenda that affects lakhs of small enterprises?

If government wants to earn more tax, taxmen need to stop harassing taxpayers
Business

If government wants to earn more tax, taxmen need to stop harassing taxpayers

Tax laws need to be simplified, so as to disincentivise taxmen from litigating and continuing to litigate at the drop of a hat.

CBDT asks I-T to slap higher tax rate on misused income tax returns, black money shown as white
Business

CBDT asks I-T to slap higher tax rate on misused income tax returns, black money shown as white

Unaccounted income so assessed in scrutiny assessment is liable to be taxed at a higher rate without any set off losses, expenses

Prime Minister Narendra Modi asks taxmen to be friendly to honest taxpayers
Business

Prime Minister Narendra Modi asks taxmen to be friendly to honest taxpayers

Prime Minister Narendra Modi asked them to ensure that the benefits of the biggest tax reform since independence, GST, reach the common man by way of reduced prices

Income tax returns filing: Do not expect another deadline extension; why you need to file it now
Business

Income tax returns filing: Do not expect another deadline extension; why you need to file it now

Let’s face it, the Income Tax Department seem to have more teeth now than ever before.

GST from 1 July: Online sellers, e-commerce cos get tax breather for now, but they shouldn't rejoice as yet
Business

GST from 1 July: Online sellers, e-commerce cos get tax breather for now, but they shouldn't rejoice as yet

Online sellers using the services of portals offering the marketplace model should not rejoice

Linking PAN-Aadhaar seems premature, instead govt could have first increased taxpayer base
Business

Linking PAN-Aadhaar seems premature, instead govt could have first increased taxpayer base

The government first ought to have tightened the noose around the business community by using GST as the dragnet

Income tax-related proceedings to be done online, human interface to be minimised
Business

Income tax-related proceedings to be done online, human interface to be minimised

A taxpayer will always have the option of coming out of the e-proceeding system at any point of time and go for the manual mode.

Govt hints at clipping taxman's discretionary powers, may lower stamp duty on real estate property deals
Politics

Govt hints at clipping taxman's discretionary powers, may lower stamp duty on real estate property deals

Panagariya said the government is beefing up enforcement against tax cheats in the real estate sector

Demonetisation: Why the fate of Narendra Modi’s grand Indian currency show rests with the taxman
Business

Demonetisation: Why the fate of Narendra Modi’s grand Indian currency show rests with the taxman

The GDP forecasts post the note ban deepens the worry. On Thursday, India ratings said that de-legalisation of currency notes will erase about Rs 1.5 lakh crore from fiscal year 2017 GDP and the growth is likely to fall to a 3-year low.

Demonetisation: Blackmoney in gold is massive, but I-T clarification remains far from clear
Politics

Demonetisation: Blackmoney in gold is massive, but I-T clarification remains far from clear

The institution of benami sought to be fought by the recent legislation alas would blossom with vengeance should these mindless limits be notified and cast in stone

Demonetisation impact: The last hurrah of King Cash in real estate
Business

Demonetisation impact: The last hurrah of King Cash in real estate

What is clear is that the real estate system is squeezed. In future, the cash element in property will come down.

What you should do when the taxman comes knocking
Investing

What you should do when the taxman comes knocking

Not all notices mean you haven't paid your taxes and will be penalised. In most cases, a notice may pertain to a routine enquiry or a clarification sought by the assessing officer.