Taxation

In what is being billed as a make or break Budget to revive the economy, the Modi government is likely to introduce heavy duty measures for rationalization of key equity taxes, including scrapping capital gains on sale of property, shifting the tax applicability of dividend distribution tax...
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An income tax (I-T) officer has conducted searches on multi-national agro-chemical manufacturer United Phosphorus Limited (UPL), acting on complaints of tax evasion.   A senior Income Tax official said that searches are currently on and details would be shared once the operation is...
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In a major relief for small traders with an annual turnover of Rs 5 crore or less, the government on Wednesday announced the extension of the cut-off date for filing monthly GST returns by up to 4 days.   While the return filing date for firms with an annual turnover of Rs 5 crore or...
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The income tax (I-T) department on Monday conducted raids on the premises of Jyotsna Suri, chiarperson and managing director of Bharat Hotel and her associates, in a tax evasion case. Bharat Hotel owns The Lalit in New Delhi.   In a report, TimesNow, quoting sources says, a total of...
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With the upcoming statutory year end, auditors all over India are going to swoop into managers' cabins, and invariably be guests that are here to stay. Written by an audit intern, part of the frontline workers at every audit firm, this humorous piece seeks to highlight some common causes for...
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