India Cites Domestic Reasons For Not Signing Global Tax Information Pact

Finance Minister Arun Jaitely has written to his German counterpart expressing India’s support for the new global protocol for automatic exchange of information on tax evaders but cited domestic procedural requirements as the reason for not signing it now. On Wednesday In New Delhi, which spearhead the fight on information exchange on tax evaders and […]

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Published on : Friday 31 October 2014              Catagory : Tax Tips No Comments

India vs West Indies 2014: KCA Officials Questioned by Income Tax Officials.

Income Tax officials here have quizzed Kerala Cricket Association (KCA) office bearers over a payment controversy following media reports that the game’s local governing body intervened and offered to pay the financially embattled West Indies team money to enable the first One Day International of a five-match series to commence as per schedule. The match […]

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Published on : Thursday 30 October 2014              Catagory : Tax Tips No Comments

Bonus-Stripping Strategy Can Help Reduce Capital Gains Tax

The 1:1 bonus announced on Infosys shares could help reduce your tax liability if the change in tax rules for debt funds is worrying you. The notional loss you will incur can be adjusted against gains from debt funds, stock, gold and even property, if you buy Infosys shares now and sell half your holding […]

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Published on : Wednesday 29 October 2014              Catagory : Tax Tips No Comments