Budget 2017 May Hike Capital Gains Tax on Stocks-Likely Changes

Capital Gains – Panic gripped the stock markets last week following Prime Minister Narendra Modi’s assertion that gains from the capital markets are getting away with the low tax. Finance Minister Arun Jaitley hurriedly clarified that Modi’s statement should not be construed as an intent to impose long-term capital gains tax on equities. Even so, […]

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IT Dept Identifies 67.54 Lakh Potential Non-Filers for FY 2014-15

potential non-filers

(Income Tax Department Identifies 67.54 Lakh Potential Non-Filers for F.Y. 2014-15 – As per Press Release issued by Central Board of Direct Taxes (CBDT) on December 22, 2016) The Non-filers Monitoring System (NMS) Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities. Data analytics carried out by the Systems […]

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