In another instance of Indian tax authorities adopting a hard-nosed stance to prevent abuse of tax avoidance treaties, the revenue department recently opposed a proposal of a Cyprus-based company......
The finance ministry is considering a proposal to advance the due date for filing income tax returns by two months for all direct taxpayers, both salaried individuals and companies. For salaried......
Individual tax payers may be able to avail of higher standard deduction on taxable income from the next financial year with the finance minister considering raising the standard deduction limit to......
A special bench of the Delhi Income Tax Appellate Tribunal has ruled that the income tax that an employer pays on behalf of its employee is a non-monetary benefit in kind and, therefore, exempt......
The taxman is rapidly catching up with foreign companies operating in India through agents. After Star, Morgan Stanley and Sony, it was the turn of UK-based Rolls Royce to be asked to pay taxes......
Remember Chamatkar, the comic drama in which Naseeruddin Shah plays a ghost and teaches the villains a lesson during a tell-tale game of cricket? Sport has often featured in Bollywood movies. If......