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ASHOK MAHESWARY
FM Nirmala Sitharaman sets Rs 15 lakh income cap to tax NRIsGovt has decided to tax only the income generated by NRIs from the biz in India, leaving their global incomes.- Taxpayers nudged to opt for Vivaad Se Vishwas schemeExperts said that the dept is pushing taxpayers to settle but govt says that it’s only 'encouraging' them to do so.
- Taxman will need approval for unrecognised startups’ scrutinyThe move follows finance minister Nirmala Sitharaman’s assurance in her budget speech that the CBDT will take steps to address issues faced...
- Happy to help compute tax on Flipkart deal, taxman tells WalmartThe tax department has told Walmart that it believes it may have withholding tax liability under the law on payments made to non-resident i...
- CBDT won’t act tough with startups to recover outstanding demandAssessing officers have often disregarded the valuation reports submitted by the startups on grounds that the valuations are ‘abnormal’.
- Can you claim HRA tax exemption for rent paid to spouse? Here's what experts sayA taxpayer is entitled to claim HRA exemption for rent paid to his or her spouse provided there is documentation to prove that the arrangem...
- Private equities, venture capital funds get tax breather for startupsA number of funds had received show cause notices from income-tax authorities on this issue, prompting a spate of representations from them...
- Cash flows from treasure chest to treasuryThis tax bump up is expected to show up in the December quarter along with the advance tax payments for that quarter but people have floode...
- After Mauritius, now government wants to amend Dutch tax treaty; asks Netherlands to resume talksThe Dutch tax treaty, which allows exemption from capital gains and a lower rate of tax on dividends, has led to the proliferation of holdi...
- Income Tax department for more information in cases of indirect transfer of assetsIndian companies that witness any indirect transfer of assets will now have to lay bare minute details of their holdings to Income Tax Depa...
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