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Automatic info exchange only way to tackle black money: Arun Jaitley
Sat, Apr 18 2015. 11 22 AM

Automatic info exchange only way to tackle black money: Arun Jaitley

Jaitley says exchange of information on ‘request basis’ has resulted in improving transparency, but its scope is limited
Arun Jaitley promises transparent, predictable tax regime in India
Sat, Apr 18 2015. 01 25 AM

Arun Jaitley promises transparent, predictable tax regime in India

Jaitley said the government sees taxpayers as partners and not as potential hostages or victims
Taxpayers will need to disclose all their bank accounts
Sat, Apr 18 2015. 12 33 AM

Taxpayers will need to disclose all their bank accounts

Tax department tightens rules for income-tax returns, to seek details of foreign travel
Sebi bars 129 entities; suspects money laundering, tax evasion
Fri, Apr 17 2015. 08 52 PM

Sebi bars 129 entities; suspects money laundering, tax evasion

While the total amount involved could not be ascertained, these entities are estimated to have shown fictitious capital gains to the tune of Rs254 crore
India needs to simplify tax system to end abuses
Fri, Apr 17 2015. 12 49 PM

India needs to simplify tax system to end abuses

The basic problem of Indian tax laws is that they are adversarial and tilted towards enforcement rather than compliance
Rollover of FMP won’t be a transfer, switch or redemption
Thu, Apr 16 2015. 08 03 PM

Rollover of FMP won’t be a transfer, switch or redemption

So, it will not attract tax on capital gain then, if an investor decides to continue with the scheme
Arun Jaitley’s Rs40,000 crore back-tax claim fails to dent foreign inflows
Thu, Apr 16 2015. 01 51 PM

Arun Jaitley’s Rs40,000 crore back-tax claim fails to dent foreign inflows

Foreigners were net buyers of local equities every day barring one since the finance ministry said on 6 April it is well within its rights to send notices
SC rejects IT dept plea against transfer of Vodafone passive assets
Wed, Apr 15 2015. 11 47 PM

SC rejects IT dept plea against transfer of Vodafone passive assets

I-T dept had claimed that transferring assets to group firms had resulted in avoidance of capital gains tax by Vodafone Essar
Transport allowance exemption doubled to Rs1,600 per month
Wed, Apr 15 2015. 09 59 PM

Transport allowance exemption doubled to Rs1,600 per month

The move comes as part of finance minister Arun Jaitley’s extension of benefits to middle class tax payers
I-T department makes public names of 31 big tax defaulters
Wed, Apr 15 2015. 09 06 PM

I-T department makes public names of 31 big tax defaulters

The income tax department has said the assessees are either ‘not traceable’ or have ‘inadequate assets for recovery’

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