HUFs are not used for tax evasion but for tax avoidance/to save the tax within the four corners of the law. Experts say that there will be little or almost insignificant change in tax revenues.......
The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.Archis Mohan and Joydeep Ghosh report. IMAGE: A......
The new ITR forms have shifted the entire onus on taxpayers to prove their claim for deductions, expenses or exemptions.Tinesh Bhasin reports.Illustration: Dominic Xavier/Rediff.com The new Income......
If you receive an email claiming to be from the income tax department that there's an outstanding tax demand that you need to pay immediately, don't get alarmed.Get cautious, advises Tinesh......
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin. On a November evening last......