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India to open income tax offices in 8 countries
India has already opened income tax offices in Singapore and Mauritius. Both these offices were opened during the current financial year.
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.
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.
Get your I-T returns in 30 days
If the I-T department?s plans unfold well, you may begin receiving your returns in a month?s time for taxes filed for financial year 2011-12.
How not to move your money between an STP and SIP
STP is a kind of SIP wherein the money, instead of being a fresh investment, comes from an investment in another fund.
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.
Tata Retirement Savings Fund launched
Tata Mutual Fund announced the launch of open ended scheme \"Tata Retirement Savings Fund\" aimed to provide long financial security for individuals.
E-filing of I-T returns sees a spurt
Everything related to the returns processing and tax refund, including a banking service and a postal service, is being brought under a single roof to increase the efficiency of the whole system.
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.
Govt permits foreign investors to invest up to $13 bn in MFs
The government today allowed foreign investors to invest up to $ 13 bn in equity and debt schemes of mutual funds, a move aimed at enhancing depth in the capital market.
'Tax treaties to check black money will cover future deals'
The tax treaties that Indian government is signing with other countries to bring back black money are only for future transactions.
Query Corner: Taxation
Our expert (Vaibhav Sankla, Executive Director, Adroit) guides you in matters relating to taxation. Email to email@example.com
Income tax dept to open 10 overseas I-T units
The Income Tax Department has begun opening overseas tax units in countries with low tax.
Investment Strategy: Boost your returns with value averaging investment plan
The new value averaging investment plan promises to outdo the benefits of SIP-higher returns at a lower cost.
Union Budget 2011: Male tax payers to save Rs 2,060/year
For women, Mukherjee has not given any benefit by retaining the exemption limit at Rs 1.90 lakh per annum.
Budget 2011: Will infrastructure bonds get tax benefit of up to Rs 1 lakh?
The budget expectations include an increase in deduction limits under Section 80C for infrastructure bonds and raising the disbursement target for IIFCL.
Amfi to revive plans to start a fund trading online platform, front-end portal
The front-end portal to link exchange fund platforms and enable investors to buy or sell funds directly.
No TDS on compensation for farmland, clarifies government
Farmers will not have to cough up any tax upfront on the compensation money they receive for their land acquired by the government.
PineBridge Investments launches India-US equity fund
PineBridge Investments has launched \'PineBridge India-US equity fund, which will invest in PineBridge US Large Cap Research Enhanced Fund.
Reliance Mutual Fund launches 'Any Time Money' card
Giving retail consumers instant access to their mutual fund investments, Reliance launched the Reliance Any Time Money Card.
No need to make tax evasion criminal offence: Experts
Govt can do without making tax evasion a criminal offence as the existing income tax laws, which provide for rigorous imprisonment up to 7 years for willful default, has not been used effectively to
Govt owes Rs 3,500 crore to IT/BPO companies like Infosys, Mphasis, Wipro, in service tax refunds
The IT/BPO sector says the government owes the industry over Rs 3,500 crore in service tax refunds for the past three years.
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