New UK property law could spell doom for Pak politicians

Want to know how to claim tax deduction on property income you earn?Do you know how to withdraw unclaimed EPF money?Kuldip Kumar, director, Transcend Consulting, answers your tax queries. I rent out my property for Rs 300,000 a year. What deductions can I claim? Rental income is taxable under the head Income from House Property. Under Section 24 of the Income Tax Act, 1961, you can claim a deduction on the municipal taxes paid during the year on the property. Thereafter, from this net amount, ...

London/ New Delhi: Blockchain technology has the potential to significantly reduce the costs and time involved in cross-border banking transactions, increasing banks' efficiency but putting pressure on their fees and commissions, Moody's Investors Service ...

Bharatiya Janata Party MP Varun Gandhi on Monday suggested an "external body" to decide the salary and allowances of MPs which, he claimed, were raised 400 per cent in the last six years, and questioned whether "we really earned this massive increment". .He said the authority to determine one's own salary was not in line with the morals of democracy. Speaking at an interactive programme titled "Ideas for a new India" with students of the Navrachna University in Vadodara, he said the rise in ...

Tourist arrivals to Sri Lanka exceeded 200,000 in February, a 19.3 percent growth compared to the same period last year, mainly due to a strong rise from China, statistics from the Sri Lanka Tourism Ministry showed on Friday.China emerged as the leading ...

Karti Chidambaram, son of former Finance Minister P Chidambaram, was today arrested by the CBI in connection with its probe in the INX media case, officials here said. Karti was taken into custody by a team of CBI officials at the Chennai airport on his ...

Widening its probe into the PNB fraud case, the Enforcement Directorate will soon send judicial requests to over a dozen countries for obtaining information about the overseas businesses and assets of diamantaire Nirav Modi and owner of Gitanjali Gems Mehul Choksi.            Official sources said the agency will approach a competent court in Mumbai  with a request to obtain Letters Rogatories to be sent to about 15-17 countries where the central ...

It is not just billionaire diamond merchant Nirav Modi is in the limelight for wrong reasons for their business dealings. While Modi is speculated to be in Switzerland, it also once again brings to limelight the cases of Vijay Mallya, Lalit Modi, Deepak ...

There is something about the Narendra Modi government that its minority-welfare record keeps attracting scrutiny. After multiple round of protests from various quarters since 2015, a large group of former senior bureaucrats has flagged the incessant violence ...