Nearly everybody thinks that he pays too much tax. But in most cases the taxpayer does not make the best use of the tax benefits available to him. Sudhir Kaushik Continue Reading →

I received ₹50 lakh through inheritance. I gifted half of it to my aunt in Canada. Will I have to pay income tax on the full amount or the amount Continue Reading →

A report by UK’s competition watchdog calling for operationally splitting up the big four accountancy firms — Deloitte, PwC, EY and KPMG — could lead to some action in India Continue Reading →

When Google went public, in August 2004, it created two classes of stock. Class A shares were the ones sold to the public, each share coming with traditional voting rights: Continue Reading →

The ministry of corporate affairs (MCA) has withdrawn its office memorandum (OM), issued on 6 March 2019, restricting limited liability partnerships (LLPs) from engaging in manufacturing activities. In the OM, Continue Reading →

Can a son (who is a co-parcener in his father’s Hindu Undivided Family or HUF), who has his own HUF after getting married, continue to be a member of his Continue Reading →

I work with an MNC in India and I’ve been asked to move to Singapore for two years, where I will be paid in Singapore dollars. How will my income Continue Reading →

With increasing computerisation of the income tax department, and the collection of data, based on Permanent Account Numbers, the tax authorities have been moving to a system of verification of Continue Reading →

The final deadline for filing income tax return (ITR) for 2017-18 was 31 March 2019. But what if you missed that deadline too? If you were liable to file ITR Continue Reading →

Central bank retains neutral policy stance, lowers projections for both GDP growth, inflation The Reserve Bank of India (RBI) carried out a second successive interest rate cut in the span Continue Reading →