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Income Tax Act
Business  /  Published 11.04.22

Investment options for senior citizens

I am 69 years old, retired from service, my wife is 64 years and my unmarried daughter is 32 years. My investments in PPF have matured and I want to invest the amount in my daughter’s name or so...
By The Telegraph

Business  /  Published 22.03.22

No loss set-off against gains on another crypto

The crypto industry received a major blow on Monday when the government clarified that it will not allow investors to set off losses in one crypto asset against losses suffered in another digital asse...
By A Staff Reporter in Calcutta

Business  /  Published 14.03.22

More power for tax surveys

A budget proposal has armed the tax authorities with greater powers to survey  the premises of a business or a trust. Tax practioners warned this may cause greater harassment to businesses. In ...
By A Staff Reporter in Calcutta

Business  /  Published 12.02.22

Alternative tax regime falters

The alternative income tax structure without the benefit of exemption may be reviewed with revenue secretary Tarun Bajaj on Friday pointing out it has not been “well laid out”. The altern...
By A Staff Reporter in Calcutta

Business  /  Published 24.01.22

Proposal to hike standard deduction

The middle class, hit by the pandemic, can expect some kind of relief in the budget such as a hike in standard deduction to Rs 1 lakh which will put money in the hands of the salaried to meet their me...
By R. Suryamurthy in New Delhi

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Business  /  Published 19.01.22

Flawed IT reassessment notices quashed

Taxpayers who received a flurry of reassessment notices last year can breathe a huge sigh of relief after several high courts have struck these down because of the dodgy manner in which the taxman iss...
By Pinak Ghosh in Calcutta

Business  /  Published 27.12.21

Cairn Energy drops lawsuits

Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlan...
By PTI in New Delhi

Business  /  Published 14.12.21

Demo tax revoke call

Tax professionals have written to Union finance minister Nirmala Sitharaman to review the steep tax rate of 60 per cent on unexplained income and expenditure and consider reverting to the pre-demoneti...
By A Staff Reporter in Calcutta

Business  /  Published 06.11.21

Govt begins review of tax exemptions

The Centre has sought suggestions on possible changes in direct and indirect taxes from trade and industry bodies with the objective of broadening the tax base, while reducing the rates in the next bu...
By Our Special Correspondent in New Delhi

Business  /  Published 28.10.21

Tax form to grab more disclosures

High-value financial transactions and additional information like foreign remittances, off market transactions, information about purchase of mutual funds among others would be reflected in the Form 2...
By Our Special Correspondent in New Delhi


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