More consultation needed, says government. The Direct Taxes Code 2009 is now on the back burner. The Union finance ministry has veered round to the view that its bold move to reform direct taxes

It is that time of year again, when we have to make tax saving investments. But how do we go about choosing the right tax saving instruments that will give you the optimal returns while saving you

While filing your income tax returns, there are minor details that need to be considered, especially on the receipt side. Incomes earned from different sources, though small in nature, can impact the

Last fortnight, the Authority for Advance Rulings (AAR) delivered an important ruling on tax neutrality in relation to cross border mergers. The significance of ruling in the present context is

New Delhi: In a bid to ensure realisation of revenue targets for this fiscal, revised upward to Rs.4,000 billion ($80 billion), the government Thursday asked the corporate sector not to defer payment

The Central Board of Direct Taxes convened a meeting of all cadre-controlling chief commissioners of income tax in Delhi on Thursday to discuss strategies for achieving the revenue collection target

What do you think constitutes a good investment? Good returns! Security for your investment! Can you think of anything else? On a closer look there is more to investment apart from this! There is

The New Direct Tax Code is proposed to be implemented from the year 2011. For its smooth implementation, changes in the present system have to be made on an on going basis. The forthcoming budget

Sixteen new sporting disciplines have been brought under the ambit of Section 80G of the Tax class='bluetext' target='_blank'>Income Tax Act - which defines charitable and benevolent purposes and

Recently, a friend, after working with the same company for over fifteen years left his job. He had not retired neither had he accepted any VRS. He had simply resigned as he had been offered a better