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Tax filings by Non Resident Indians
NRIs need to pay Indian income tax and wealth tax and file the tax returns for both income tax and wealth tax separately.
Hasan Ali biggest tax defaulter with Rs 50,000 cr as tax dues
The government, replying to a query in Rajya Sabha in August last year, declared that Hasan Ali Khan\'s tax dues , including interest for belated payments, exceeded Rs 70,000 crore.
How to calculate returns from a mutual fund
In the 28th of the 52-part series, ET Wealth lists out the two types of returns-point-to-point and rolling.
I-T department launches probe against 600 cash hoarders
The income tax department has begun prosecution proceedings against some of the 600 entities of Indian origin who have allegedly laundered money.
Eight Indian MFs in World's 25 best funds in a decade
Eight mutual fund schemes, including SBI Magnum Contra, HDFC Equity and Reliance Growth, are among the 25 best-performing open-ended equity funds in the world, according to investment research firm
Govt may raise tax exemption limit in Budget: Goldman
Govt may raise the income tax exemption limit in upcoming Budget to provide some relief to the taxpayer from inflation, Goldman Sachs said.
PF scam has shaken faith in judiciary: AG
The involvment of as many as 30 judges in the multi-crore provident fund scam has shaken the confidence of people in the judiciary , attorney general G E Vahanvati told the Supreme Court on Thursday.
Do you know how much of your money goes into indirect taxes?
It is typical for each of us to wonder what the Union budget will bring. But have we paid a thought to the taxes, both direct and indirect, that we are paying?
Income Tax department puts HRA exemption under scanner
Salaried taxpayers who claim HRA exemption will now have to report their landlord’s PAN if the total rent in a year exceeds Rs 1 lakh.
Hybrid funds to rule the roost in 2012
Hybrid funds which have a mix of both equity and debt portfolios are thus best placed to unleash a sustained rally in 2012.
'Actor' Tendulkar allowed to claim tax deduction
An Income Tax tribunal has allowed ace cricketer Sachin Tendulkar to claim deductions from his taxable income pertaining to earnings from modelling in advertisements.
Income Tax department unearths Rs 15.5 crore tax evasion by private firm
Tax evasion to the tune of Rs 15.5 crore has been unearthed during an I-T raid at the offices of a city-based private firm, officials said here today.
Tax-saving instruments you must have in portfolio
Out of the many tax-saving tools available, we are going to help you identify some beneficial instruments you must consider investing in.
Query corner: Taxation
Our expert Vaibhav Sankla, executive Director, Adroit, guides you in matters related to taxation.
I-T dept raids mining firm, transport companies
The Income Tax department on Tuesday conducted raids at the premises of a mining company and two iron ore transporters in Hospet here.
Short-term debt funds reduce rate volatility, offer good returns
The long-term interest rate scenario is uncertain, given the rapidly changing macro factors, with the key variable being crude prices and their impact on the fiscal situation.
Query Corner: Taxation
Our expert (Vaibhav Sankla, Executive Director, Adroit) guides you in matters relating to taxation. Email to firstname.lastname@example.org
Transfer of shares without consideration doesn't attract capital gains tax: Authority for Advance Rulings
In the ruling,AAR held that Transfer Pricing provisions and rules governing withholding tax would apply only if the income is chargeable in India.
Q&A: Mutual FundsQ&A: Mutual Funds
The way to long-term wealth creation is to invest regularly in equity as an asset class through mutual funds.
3 investment mistakes mutual fund investors should avoid
If an investor is investing in a diversified equity fund, he should typically have an investment horizon of at least five years.
Six income-tax changes the Narendra Modi government needs to bring
The maximum amount not chargeable to tax for individuals should be revised at least to Rs 3 lakhs & should be linked to the inflation index.
Aegon to exit mutual fund business
\"It\'s a little surprising. Despite the hurdles faced by fund houses, India continues to be one of the hottest emerging markets,\" said a fund manager.
L&T Mutual Fund launches 'Business Cycles Fund'
The fund will focus on riding business cycles through strategically changing allocation between various sectors and stocks at different stages of business cycles.
UTI MF declares 1:10 bonus for 3 of its schemes
The schemes for 1:10 bonus are UTI-Children\'s Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund.
Salaried persons with less than Rs 5 lakh taxable income need not file returns
Those individuals having income from sources other than salary or having refund claims will not be covered under the scheme.
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