The 14th Finance Commission had recommended that states’ share in the divisible tax pool be raised to 42 per cent, from 32 per cent earlier. The Centre expects to collect a staggering Rs......
Those travelling in AC coaches of trains will now have to shell out more from Wednesday , with the government deciding to impose 'Krishi Kalyan' cess of 0.5 per cent on service tax. Krishi Kalyan......
Mumbai and Delhi came in next with disclosures worth over Rs 8,000 crore each Hyderabad, Mumbai and Delhi made up for almost half of the more than Rs 65,000 crore worth of black money declarations......
The forms - 1, 2, 3 and 4 - can be used both for e-filing or manual filing of the black money assets by a declarant under the Income Declaration Scheme (IDS). The Income Tax department on Thursday......
Declarations made will remain confidential as in the case of return of income filed by an assessee The black (unaccounted) money declarants will be liable to capital gains tax on future asset......