Advance Tax Deadline Today: Who Should Pay?

Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax. Illustration: Uttam Ghosh/Rediff.com The final deadline for paying the......

Donations to lower tax slab can make taxman see red

The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. Illustration:......

IL&FS scam: Major setback for the accounting firms

The auditors -- the local arms of the Big Four global firms Deloitte Haskins & Sells and KPMG which has BSR & Associates as an affiliate here-had challenged the jurisdiction of the NCLT to ban......

Govt wants 4 domestic auditors to restate IL&FS books

The corporate affairs ministry proposed the names of Borkar & Mazumdar & Co and MM Chitale & Co for IL&FS and IFIN respectively; and GM Kapadia & Co and CNK & Associates for IL&FS Transportation......