Monthly Archive:: June 2016

Non-resident need not to have PAN in India to claim lower deduction of tax

NEW DELHI: Non-resident investors who do not provide permanent account number will no longer have to face higher tax deduction at source. The income tax department has eased norms for non-resident investors, who will not be subjected

Tax to be collected on cash sale exceeding Rs 2 lakhs

No tax will be collected at source when cash component of the payment for goods and services is less than Rs.2 lakh even if the total consideration is more than this amount. CBDT has issued a new

startup can issue shares to angel investor at higher rate without worrying about tax

In a major incentive, startups can now issue shares to investors at higher than fair value without worrying about tax consequences. The Central Board of Direct Taxes (CBDT) has notified the much awaited tax exemption on investments

Are you ready for Itr filing? Last date 31st July fast approaching

The income-tax returns filing season is fast approaching with the initial deadline being July 31. You must be among those preparing to file your returns. But most tax assessees who are required to e-file their returns keep