Finance - general
Aadhaar mandatory for filing I-T returns from 1 July: CBDT
10 Jun 2017
The CBDT clarified on Saturday that Aadhaar will be mandatory for filing I-T returns and while applying for new PAN beginning 1 July
PAN holders with no Aadhar can also file I-T returns: SC
09 Jun 2017
The apex court said Parliament was well within its right to enact a law linking PAN and Aadhar, but stayed the provision for those who do not have an Aadhar number, even as it left rights to freedom issues to a larger Constitution bench
India signs OECD convention to plug tax treaty loopholes
09 Jun 2017
The convention will help modify India’s existing treaties to curb revenue loss through treaty abuse and Base Erosion and Profit Shifting strategies by ensuring that profits are taxed where substantive economic activities generating the profits are carried out
RBI keeps rates unchanged; decides to wait and watch
07 Jun 2017
RBI governor Urjit Patel on Tuesday said there are a lot of ‘moving pieces’, including the monsoon, consumer inflation, input and wage costs and the rollout of the Goods and Services Tax (GST), the risks of which are yet to play out
US Supreme Court limits SEC’s power to recover ill-gotten profits
06 Jun 2017
With the apex court’s decision, the 10th Circuit Court of Appeals ruling that ordered Charles Kokesh to pay $34.9 million in profits, allegedly misappropriated from four business development companies from 1995 to 2009, stands reversed
GST Council clears all rules; states agree on 1 July roll-out
03 Jun 2017
Biscuits to attract 18 per cent tax, footwear 5 per cent and gold 3 per cent, as GCT Council finalises rates and rules
People more likely to seek friends’ advice for money decisions rather than “robo-advice”
31 May 2017
People more likely to seek friends’ advice for money decisions rather than “robo-advice”
31 May 2017
People more likely to seek friends’ advice for money decisions rather than “robo-advice”
31 May 2017
Demonetisation made economy leaner by Rs5,00,000 cr: report
25 May 2017
The Indian economy is running with Rs5,00,000 crore less of cash than would have been present in the economy in the absence of demonetisation
GST to bring down prices of smartphones and medical devices
23 May 2017
The present total tax incidence on smart phones works out to more than 13.5 per cent against 12 per cent proposed in GST, while medical devices will see a lower tax burden with 12 per cent GST rate against the current incidence of over 13 per cent
GST Council finalises tax rates for services
19 May 2017
Education and healthcare will be fully exempt from GST, while a 5 per cent tax will be levied on services like cab aggregators, 18 per cent tax on telecom and financial services and 28 per cent rate on services like race clubs, betting and cinema halls
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