Gandhi also shared media reports alleging that 'tax terrorism' was hurting India's growth
Several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain
Most tax experts and chartered accountants say their high-net-worth clients are rattled
Good news is that the income-tax department has extended the last date for filing ITR from July 31 to August 31, 2019
You will not be able to claim a credit of such TDS until the tenant completes the formalities
Income tax was introduced for the first time in India on July 24, 1860, by James Wilson to compensate for the losses made by the British during the first war of independence
Joint owners would not be able to get the additional tax deduction due to caveats
What are income-tax returns? Must you file them? What if you did not? What are the benefits of filing an ITR? How do you get a refund for any excess tax deducted? Find answers to all your questions
The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation
Modi government plans to bring companies that derive revenues from Indian users but pay taxes elsewhere into the corporate tax net
As with its tax grab, India's desperate focus on short-term fiscal fixes risks doing greater damage in the long term
The department has pulled up people who evaded tax and were sent notices a month ahead of Budget 2019
Following the increase in surcharge, the effective income tax rate for individuals with taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent
Overall, 901 listed companies had 1,720 officials earning more than Rs 1 crore in FY18
A new filer is defined as a person who is not included in the base at the beginning of the year
Tax experts said that in FY17 around 80,000 people had reported incomes of over Rs 1 crore
Tax slabs left untouched; Aadhaar good enough for filing returns in case you don't have PAN
The new rate will include 25% surcharge on income between Rs 2 crore and Rs 5 crore, and 37% on income exceeding Rs 5 crore in a year
Individual taxpayers, who do not have to get their accounts audited, have to file income tax returns for financial year 2018-19 by July 31, 2019
The government is scheduled to present its first full Budget on July 5, for the current financial year