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NRIs need to pay Indian income tax and wealth tax and file the tax returns for both income tax and wealth tax separately.
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.
In the 28th of the 52-part series, ET Wealth lists out the two types of returns-point-to-point and rolling.
The income tax department has begun prosecution proceedings against some of the 600 entities of Indian origin who have allegedly laundered money.
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 the income tax exemption limit in upcoming Budget to provide some relief to the taxpayer from inflation, Goldman Sachs said.
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.
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?
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 which have a mix of both equity and debt portfolios are thus best placed to unleash a sustained rally in 2012.
An Income Tax tribunal has allowed ace cricketer Sachin Tendulkar to claim deductions from his taxable income pertaining to earnings from modelling in advertisements.
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.
Out of the many tax-saving tools available, we are going to help you identify some beneficial instruments you must consider investing in.
Our expert Vaibhav Sankla, executive Director, Adroit, guides you in matters related to taxation.
The Income Tax department on Tuesday conducted raids at the premises of a mining company and two iron ore transporters in Hospet here.
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.
Our expert (Vaibhav Sankla, Executive Director, Adroit) guides you in matters relating to taxation. Email to
In the ruling,AAR held that Transfer Pricing provisions and rules governing withholding tax would apply only if the income is chargeable in India.
The way to long-term wealth creation is to invest regularly in equity as an asset class through mutual funds.
If an investor is investing in a diversified equity fund, he should typically have an investment horizon of at least five years.
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.
\"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.
The fund will focus on riding business cycles through strategically changing allocation between various sectors and stocks at different stages of business cycles.
The schemes for 1:10 bonus are UTI-Children\'s Career Balanced Plan, UTI Unit Linked Insurance Plan and UTI Retirement Benefit Pension Fund.
Those individuals having income from sources other than salary or having refund claims will not be covered under the scheme.