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
Why should a government that pushed demonetisation allow tax officials to set the taxation agenda that affects lakhs of small enterprises?
Tax laws need to be simplified, so as to disincentivise taxmen from litigating and continuing to litigate at the drop of a hat.
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 asked them to ensure that the benefits of the biggest tax reform since independence, GST, reach the common man by way of reduced prices
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
Online sellers using the services of portals offering the marketplace model should not rejoice
The government first ought to have tightened the noose around the business community by using GST as the dragnet
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
Panagariya said the government is beefing up enforcement against tax cheats in the real estate sector
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.
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
What is clear is that the real estate system is squeezed. In future, the cash element in property will come down.