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Retro tax hurts biz, says panel

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New Delhi: To make it easier to do business in India, a committee led by former Sebi chairman M. Damodaran has recommended disincentivising use of civil courts in contractual disputes, weeding out un

Last date for filing income tax returns extended to August 5

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New Delhi: The government on Wednesday extended the last date for filing of income tax returns by five days to August 5.
The due date, which was Wednesday (July 31), has been extended in wake of 'unp

Income Tax dept sends letters to 35,000 assessees for not filing returns

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New Delhi: Getting tough, the Income Tax department has sent letters to additional 35,000 assessees who do not file returns.
"The Income Tax department has sent letters to another batch of 35,000 non

Smarter ways to escape taxman’s net

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The Income-Tax Act offers many smart ways to minimise the tax burden. These are not loopholes but legal provisions, which can be used by the tax payer. There are plenty of clauses in the Income-Tax A

E-filing must for salaries over Rs 5 lakh

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New Delhi: Tax-payers having an annual income  of over Rs 5 lakh will be required to file their returns in  electronic form, a senior finance ministry official said on Tuesday. Besides, the finance m

Chidambaram warns tax dodgers, rules out amnesty

In warning to tax dodgers, finance minister P. Chidambaram today said that a huge amount of data is being mined to go after them and ruled out any amnesty scheme for defaulters.

Tax dept to send notices to 35,000 assesses next week: FM

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Finance minister P. Chidambaram today said the revenue department will send tax notices to 35,000 assesses next week, beefing up efforts to reach the collection target for the fiscal.

Argument for taxing “very rich” should be considered: FM

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Finance minister P. Chidambaram, who has talked about a stable tax regime during his meetings with foreign investors in the last two days, has said that the argument for taxing the very rich “a little more” should be considered.

Higher realty tax at Banjara, Jubilee Hills

Residents of Banjara Hills and Jubilee Hills will be paying more property tax than those living in Hitec City, Madhapur, Kondapur and Gachibowli, under the new property tax regime.

The GHMC has compl

Higher realty tax at Banjara, Jubilee Hills

Residents of Banjara Hills and Jubilee Hills will be paying more property tax than those living in Hitec City, Madhapur, Kondapur and Gachibowli, under the new property tax regime.

The GHMC has compl

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.