Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit The Union Budget for 2015-16 might give a tax boost......
In what could bring a major relief to partnership companies, the Income-Tax department is set to clarify that the income of a firm that has been exempted from tax cannot be taxed for its profit in......
An income tax tribunal has ruled that the fee paid for portfolio management services is deductible while computing capital gains.This may benefit high net-worth individuals who use the services of......
The draft of the Direct Tax Code released by Finance Minister Pranab Mukherjee on Wednesday takes a two-pronged approach towards taxation, write Joydeep Ghosh & Tinesh Bhasin. One, it widens the......
The 2009-10 Budget has brought smiles, especially to people in the higher income strata. Finance Minister Pranab Mukherjee on Monday raised the basic exemption limits for all income groups. For men......