The mouse that had quietly entered the Mumbai bull-ring more than two decades ago has taken about a quarter of a century to put the paper scrip finally out of business. About 2.3 per cent of India’s $2-trillionplus market capitalisation…
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I am a senior citizen and confused regarding filling of ITR 2. Is it mandatory for permanent NRI to fill schedule FSI, TR and FA in ITR 2? —P S Krishnan Schedule FSI and Schedule TR have to be filled if any foreign income…
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The finance ministry in a tweet has announced the extension of income tax return (ITR) filing deadline by a month to August 31, 2018. The tweet says “Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends…
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India continued to be the world’s top recipient of remittance from its diaspora, gathering $69 billion in 2017 – nearly 1.5 times India’s defence budget for 2018-19 – an increase of 9.5 percent from the previous year, according to World…
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For those who became tax payers recently, the deadline for filing one’s returns is July 31 for the financial year 2017-18 – which ended on March 31. The financial year is succeeded by its Assessment Year (AY). For FY 2017-18,…
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Most employers across the globe provide pension benefits to their employees. This may be on account of obligations imposed by statutory requirements or a voluntary employee welfare initiative. Pension plans can be private or government-subscribed plans with contributions by the…
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You are eligible to claim a tax deduction against annual value of a house property in respect of the interest paid by you on a home loan taken to purchase the land and construct a property thereon. Further, a tax…
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Most employers across the globe provide pension benefits to their employees.
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The Securities and Exchange Board of India (Sebi), in its circular of April 10, in the process of clarifying ‘Know Your Client’ (KYC) norms, denied non-resident Indian (NRI)/resident institutions from managing global funds under the Foreign Portfolio Investment (FPI) scheme…
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According to the income tax website, till 31 March 2018, there were about 379 million Permanent Account Numbers (PAN) allotted to various entities. Out of these, 369 million or 97.46% PANs were allotted to individuals. But irrespective of the fact…
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