Monthly Archive:: July 2016

Black money window: govt ease the payment of tax schedule

The government on Thursday clarified that tax paid under the ongoing amnesty scheme for persons with undisclosed domestic assets can’t be reduced to an effective 31% from 45% prescribed by enjoying immunity not only for such income

CBDT assured about the secrecy of declaration under Black money window

NEW DELHI: CBDT today issued a notification making it clear that information about those who declare their black money under the compliance window, ending September 30, will be kept secret. The notification states that “no public servant

Like fast food now pay fat tax in Kerala

Taking a cue from the West, Kerala is all set to introduce what it terms as a “fat tax” of 14.5% for foods judged to be unhealthy. Food items like pizzas, burgers, doughnuts, pasta, and bread-fillings served

DIPP asked state and Union Territories to setup Startup Hub to handle queries

The Commerce and Industry Ministry has asked all the states and the Union Territories to set up ‘Startup Hub’ as well as incubators to help budding entrepreneurs. The Department of Industrial Policy and Promotion (DIPP) has already

NRI investing their salary in India facing problems

Indians who work abroad invest their money back home. In fact, these remittances from non-resident Indians (NRIs) have allowed us to bridge the foreign exchange deficit caused by our unbridled love for gold. On its part, the