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Salaried class gets little relief despite Rs 40,000 deduction

Finance Minister Arun Jaitley on Thursday provided little relief to salaried class as benefits under the proposed Rs 40,000 standard deduction will be neutralised to a large extent by inclusion of......

Black money holders have to pay high penalty after 4-month window

The compliance window is proposed to be open from June 1 to September 30, 2016 and the payment can be made within two months of declaration. In a stern warning to black money holders, the......

The cost of filing belated tax returns

July 31 is typically the last date for filing returns. However, those who missed this deadline can file their returns by March 31. Belated returns can be filed on or before two years from the end......

When taxman comes calling on your bonus

If fringe benefit tax makes a comeback in the forthcoming Budget, there could be some tightening of tax evasion When your company gives you performance-linked bonus in kind -- say a fully paid......

How do ready reckoner rates affect realty prices?

Besides making property more expensive, these also affect the existing owners with higher taxes Not so long ago, potential property buyers were being told  prices were under pressure and......

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