Several recent luxury property deals involving industrialists and startup entrepreneurs can be categorised as transactions aimed at saving ...

The Directorate has asked the firms and companies to submit a string of information on businesses and key persons as well as old data. For ...

Some of the summons relate to remitting money that was transferred from another member of the family who has exhausted individual LRS limit...

The department, in a communication last week, asked these fund houses to furnish details about the structure of their business, past invest...

Unbeknownst to most outside the secretive world of wealth management, such covers, sold at substantially lower premium than the rates charg...

The new law, which is sterner and wider in scope than the Income Tax Act, was enacted to overcome the limitations in the existing statute a...

High income earners could find staying with old I-T regime more attractive.

An NRI is spared tax on income outside India. A resident is required to pay tax on global earnings.

Aiming to shore up revenue, IT dept is focusing on cases where ITAT has extended stay orders beyond six months.

Tax collection till 3rd week of Feb stood at a little less than Rs 8 lakh cr against a target of Rs 12 lakh cr.

Explanations have been sought from some high-profile people on non-disclosure of indirect investments abroad.

The existing rule — which allows an Indian firm to automatically remit up to 4 times its net worth abroad — has been misused by many to div...

Former directors of such closely-held private companies fear they could be suddenly saddled with unforeseen liabilities.

The income tax department has questioned at least 12 persons in the past two months for not paying tax on the rental income that such prope...

According to three senior finance professionals, more and more nominee directors are being used to camouflage the true ownership of such co...

I-T officer can now reopen accounts not more than six years old. If there’s a search & survey, I-T can question source of income generated ...

April 1, 2017 is the crucial cut-off date in the revised India-Mauritius tax protocol: there is no capital gains tax on equity bought prior...