Declare shares of foreign companies, money in foreign banks, paintings or jewellery purchased abroad as foreign assets and not under Income Tax, to avoid prosecution under the proposed 'black money' law Image: Since company's equity compensation shares are listed abroad, they are foreign assets in the hands of the employees, who have to mandatorily file tax returns and declare these shares as foreign assets. Photograph: Reuters. Recently, a multinational information technology company ... Rediff.com, 1 week ago
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Comment · print · T T T+· T- TOPICS A private company will have an easier life than a public one under the new Companies Act The 104-year-old T. V. Sundram Iyengar & Sons (TVS & Sons) Ltd., the holding company of the $6.5-billion TVS ...The Hindu, 1 month ago
As many as 451 companies listed on the National Stock Exchange (NSE) are yet to appoint women directors on board, even as the Securities and Exchange Board of India's (Sebi's) deadline for making such appointments ends in less than two weeks. ...Hindustan Times, 1 month ago
If I buy gold jewellery for R6 lakh for personal use, will I need to pay tax at the time of purchase? — Vipin Sood A seller is required to collect tax @ 1% from a buyer of bullion and jewellery if the sale consideration exceeds R5 lakh and the ...Financial Express, 1 month ago
Neither an increase in the minimum taxable limit nor reduction in personal tax rates The Narendra Modi government's first full-year budget was a disappointment for the salaried middle-class individual with neither an increase in the minimum ...The Hindu, 1 month ago
I plan to sell to a company a flat I built four years ago. What would be the tax implications? —Deepak Suri As a flat is a capital asset, its transfer is subject to capital gain tax in the hands of the transferor. Since you have held it for more ...Financial Express, 2 months ago
Dr Suresh Surana The expectations ride high for the Union Budget 2015 as this is the first full-fledged budget of the new government. The government needs to demonstrate concrete action to revive investment, increase growth and generate ...MSN News, 2 months ago
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