Sterling Holiday registers 29% growth in Operating Income in Q3

By John D. McKinnon WASHINGTON--White House officials call it "perhaps the largest single loophole in the entire individual income-tax code." The tax world has a more bureaucratic-sounding description for it: "stepped-up basis" on inherited ...

JACKSON, Miss., Jan. 26, 2015 /PRNewswire/ -- EastGroup Properties, Inc. (NYSE: EGP) announced today the income tax treatment of its 2014 distributions as described below. Shareholders are encouraged to consult with their personal tax advisors as to ...

Under laws currently in place, neglecting to pay income tax is a compoundable offence, that is, offenders can end proceedings by paying a penalty. NEW DELHI: The government may prosecute those accused of evading taxes under the Prevention of Money Laundering ...

Hyderabad High Court Hyderabad : A division bench comprising Chief Justice Kalyan Jyoti Sengupta and Justice P.V. Sanjay Kumar of the Hyderabad High Court on Thursday directed the Central Board of Direct Taxes (CBDT) to take an independent ...

SIT said the exercise on the issue was undertaken by the CBDT to examine which provisions of the Income Tax Act should be brought within the ambit of Predicate Offences. Further, the SIT said it has recommended that 'Tax Evasion' be made a predicate offence ...

When your income tax is mounting every year, what is the first tax-saving idea that comes to mind? Transferring a part of your income to spouse or a minor child who has a meagre or no taxable income? But that may not be a great idea. You may ...

FM gave indications of benign tax rates, more income in the hands of consumers.

New Delhi: In order to check the menace of black money, Income Tax department may soon put a cap on the amount of cash a person can keep at home or carry in a transit.It is expected that the department, in the forthcoming budget 2015-16, may cap at Rs 10 ...

In their pre-budget meeting with Finance Minister Arun Jaitley, representatives of 11 trade unions also opposed FDI in crucial sectors like defence production. They also asked the government to take effective measures to contain inflation. A ban on forward ...