Taxpayers To Get Unique Number For Complaints

Taxpayers having grievances regarding their I-T refunds and tax computations will now get a unique acknowledgement number with an assurance that their complaint will be resolved within two months time. The newly-introduced number will not add to confusion and will be different from the existing unique numbers issued by the [...]

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Businesses Seeking More Tax Guidance, Report Says

A majority of businesses would welcome greater guidance from tax authorities on what is deemed acceptable tax planning, according to the latest research from the Grant Thornton International Business Report. The advisory firm interviewed 3,194 chief executive officers, managing directors, chairmen and other senior executives from all industry sectors between [...]

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Know Your Capital Gains Tax

KNOW YOUR CAPITAL GAINS TAX Taxes on property in our country are of two types – short term and long term. While the rates of both are the same, the differences lies in the inflation indexation which is taken into consideration i.e., the inflation rate of the future based on [...]

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