The Income Tax department has notified the new Income Tax return forms (new forms) for the tax year 2018-19 on April 01, 2019. Upon analysis of the new forms, one can observe that the Income Tax authorities are seeking detailed disclosures by delving into the finer details of the nature of income. The additional disclosures … More Are you ready for the new era of enhanced reporting in your Income Tax return?
In the backdrop of an uncertain global economy and the need for political recalibration, the Finance Minister has presented a politically prudent budget within the contours of fiscal discipline. The Finance Minister, while presenting the Budget, expressed his desire to provide socio-economic security to every Indian especially the farmers, the poor and vulnerable. This is … More India’s Union Budget 2016- a Personal Tax perspective
India has seen considerable buoyancy in its tax policy. The tax regime in India has seen a paradigm shift — from 1970s when tax rates in the country were as high as 97% and taxes were the only sources of public finance to those when tax incentives became the order of the day for promoting … More Union budget embraces the government’s aim to unearth blackmoney
A social security agreement with the US, it is believed, was on Prime Minister Narendra Modi’s agenda on his recent US trip. Whether or not he was able to get to it remains unknown at the time of writing this article. Those of us who have been following the story of India’s chase of the … More Fresh hope for the India-US social security agreement