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Income Tax Act
Business  /  Published 25.03.21

Slump sale tax tweak to hurt deals

Merger and acquisition (M&A) experts were sent into a tizzy after the government introduced an amendment in the Finance Bill 2021 that changed the tax treatment for slump sale transactions. The a...
By R. Suryamurthy in New Delhi

Business  /  Published 18.03.21

Equity info in I-T lacks clarity

Analysts have expressed concern over the income tax department’s move to actively start tracking capital gains arising from the sale of mutual funds and shares and dividend received on shares. ...
By R. Suryamurthy in New Delhi

Business  /  Published 10.02.21

Assessment leeway aims to build trust

The government has lowered the period of reopening an assessment case to ensure greater compliance and build an environment of trust with the tax men, finance minister Nirmala Sitharaman said on Tuesd...
By A Staff Reporter in Calcutta

Business  /  Published 25.01.21

Cairn investors demand payback

Some of Cairn Energy Plc’s marquee shareholders that include BlackRock, MFS, Franklin Templeton and Fidelity have asked the Indian government to honour an arbitration award and return $1.2 billi...
By PTI in New Delhi

Business  /  Published 22.01.21

Work-from-home tax breaks

Analysts at PwC India are in favour of additional tax benefits for salaried individuals to meet expenses incurred on account of work from home. The move can potentially increase income at the hands o...
By A Staff Reporter in Calcutta

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Business  /  Published 13.01.21

I-T return last date stays

Section 234F of the Income Tax Act provides for levy of late fee in case of an assessee whose gross income is above Rs 2,50,000 and is mandatorily required to file the tax return and he has not filed ...
By A Staff Reporter in Calcutta

Business  /  Published 13.11.20

Tax break for sale below circle rates

In a move to boost the real estate sector, finance minister Nirmala Sitharaman on Thursday relaxed income tax rules to allow the sale of primary residential units of up to Rs 2 crore value below the c...
By Our Special Correspondent in New Delhi

Business  /  Published 05.05.19

Wealth and wisdom

There are countless ways to claim income tax deductions. One may not always be familiar with all the sections of the Income Tax Act of 1961. However, a quick web search or skimming through the Act wou...
By Adhil Shetty in

Business  /  Published 12.01.20

Rush hour

Does it feel like the clock is ticking on your investments for the year? With less than three months to go, it’s time to finalise your tax-saving investments for the year and optimise your deduction...
By Adhil Shetty in

Business  /  Published 17.03.19

Make tax saving a habit

It’s a common phrase to hear that we are creatures of habit and this is true if you analyse your life — you wake up, brush your teeth, catch a cup of coffee, get ready to work and life goes on. Ha...
By Avinash Agarwal in


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