Page 38 - Tax

Readers' corner: Tax

Gift received from vendors is taxable in your hands and hence, should be disclosed as 'income from other sources'

Tax terrorism is thriving

There are cases of taxpayers being forced to pay 20 per cent of disputed demands

Incurred a capital loss? Here is how you can set it off in your tax returns

If an investment you made incurred a loss then this is how you can make the most of the situation

A cesspool of cesses has undermined GST and hurt states' interest

Total collections from cesses and surcharges levied by the Centre have been rising at a steady pace

Taxmen asked to step up collections to meet Rs 10.05 trillion target

The focus areas for stepping up tax collection will be to follow up with entities currently giving taxes on the basis of self-assessment

Tax lawyers hope for a quiet and less 'revolutionary' 2018

We hope there are fewer reforms and more holidays for our tax department lawyers, said the executive chairman of a legal firm

Delhi HC resets game-changer tax standards

The High Court verdict is a sigh of relief for taxpayers and tax practitioners

Wonder if cess is a tax or penalty: Audi India's Rahil Ansari

RAHIL ANSARI took charge as India head of German luxury car maker Audi in February, when the industry was recovering from demonetisation and hoping to grow on a flat performance in 2016. The new goods and services tax (GST) brought down vehicle prices from July but it now seems the GST Council might hike the cess on large SUVs and luxury cars to 25 per cent, from the current 15 per cent, beside the GST of 28 per cent. Ansari tells Ajay Modi these uncertainties drive buyers away and impacts companies, dealers and the supply chain. How do you react?Yes, a second tax change discussion. I don't understand whether it's a penalty or a tax. We've just implemented the GST from July, a lot of work went into it and everyone looked forward to this uniform tax. Now, after five weeks of implementation, there is discussion on an increase. This is clearly against any liberal market dynamics that India has been offering so far. Have you briefed your headquarters?Obviously, everyone is concerned ...

Aadhaar now mandatory to identify deceased while registering death

The new rule is said to be applicable starting October 1, 2017.

ICAI revises syllabus for CAs; topics on CSR, GST added

Chartered accountants' apex body ICAI has revised its education and training system

Income tax returns filed up 25%, advance personal income tax by 42%

The income tax returns filed in the current fiscal has seen a 25 per cent increase

Reader's corner: Taxation

Kuldip Kumar, partner and leader, Personal Tax, PwC India, answers your questions

Investment tips: How to reduce tax outgo by setting off losses

Sale of some assets at loss effective tax-saving tool, provided you've filed I-T returns within date

Trump era and return of the NRI: Tips for people shifting back to India

Determine tax residency status, pay taxes, get bank accounts re-designated and buy insurance covers

Use rolling returns to select consistent tax-saving funds

The funds included have beaten their benchmarks 90% of the time or more

Relief for genuine share transfers as govt softens capital gains tax blow

CBDT lists three scenarios where securities transaction tax would be levied

Taxing times: Make an early start on tax planning

Maintain asset allocation and invest based on risk profile

Govt must step up work on GST rules, fitment in tax slabs: Industry experts

The comments come in as the Lok Sabha on Thursday rejected amendments to the Finance Bill

Profitable companies, no taxes: Here's how they did it

Companies took advantage of array of tax loopholes and aggressive strategies

Higher tax fears spur capital restructuring in Corporate India

Inter-se transfers worth Rs 1.5 lakh cr in RIL, Aurobindo