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About 13 results for "rsm astute consulting group"

Income tax: Account audit necessary if business turnover excee...

I am a small retailer dealing in foodgrain items. I started this business last year and my turnover was around R20 lakh. This year, I expect a turnover of R80 lakh. When should I get my book of accounts audited by a chartered accountant. Amandeep ... Financial Express, 4 days ago

Income tax: Hold stocks for 12 months for them to qualify as long-term capital asset

I have been purchasing shares at stock exchanges for the last two years. Now I plan to sell these and purchase jewellery for my daughter's wedding. What would be the tax implications of selling these shares? Are any exemptions available? —Vipul ...
 Financial Express2 weeks ago
Rediff.com

Why you should deduct tax at source while buying property

Else, you’ll need to pay from own pocket with interest and penalty, notes Tinesh Bhasin On receiving a notice from the Income Tax Department, a client of Rajiv Jain, a chartered accountant, called him up and read out its contents. The letter asked the client, a chemical trader, to explain why the withholding tax on a property purchased in January 2014 had not been paid. Unaware of the tax former finance minister P Chidambaram had introduced in the Budget of 2013, the client had bought a ...
 Rediff.com3 weeks ago
Rediff.com

FM proposes separate ITR form for expats

After the new income-tax returns (ITR) forms came under criticism from both tax experts and industry players for seeking too many unnecessary details, the finance ministry is contemplating a separate ITR for expatriates. In a meeting held last ...
 Smart Investor3 weeks ago
Rediff.com

How to make filing income tax returns easier

Taxpayers might face several issues while filing returns this year. A vacation to an exotic foreign destination could become stressful, if you are busy collecting bills to show as expenditure while filing income tax (I-T) returns, instead of unwinding and enjoying yourself. This could soon be the predicament of every citizen leaving Indian shores. The new income tax return (ITR) form, ironically called Sahaj (meaning easy), asks for details that could make filing tax returns a headache. ...
 Rediff.com1 month ago Keep income-tax forms simple  Smart Investor1 month ago
Rediff.com

Income tax: Living allowance to employees while on tour exempt from tax

I work as a technical director in a private company. On the successful completion of a project, my employer gave me a gift voucher of R50,000. Will it be taxed in my hand? —Piyush Kumar The value of any gift or voucher received by an employee, ...
 Financial Express1 month ago Declare foreign assets and income to avoid penalty  Rediff.com1 month ago

Moving out of public domain

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 Hindu2 months ago

No woman director on board in many listed companies

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 Times2 months ago

Income tax: Gold seller to collect tax @ 1% on cash transaction above Rs 5 lakh

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 Express2 months ago
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