Are Income Tax consultants charging 25 per cent on TDS refund?

To file Income Tax returns, taxpayers are not required to submit salary deduction statement and other investment documents. While this is seen as a huge relief for people filing their returns, the same rule is being misused by fraudsters invariably affecting the government’s revenue. Sources said that tax consultants mislead taxpayers by promising More...

by Loknath Das | Published 21 hours ago
By Loknath Das On Friday, August 11th, 2017
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Note ban dents RBI income

Surplus transfer to Centre lowest since 2011-12 Costs incurred due to the demonetisation exercise dented the Reserve Bank of India’s (RBI) income resulting in the central bank transferring less than half the More...

By Loknath Das On Sunday, July 2nd, 2017
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Low income forces weavers to turn away from carpet manufacturing in Kashmir

Carpet manufacturing that once fetched Kashmir money and fame is losing its artisan base fast, as the weavers does not want their next generation to go for a ‘low-paying backbreaking job’.      The carpet More...

By Loknath Das On Saturday, June 17th, 2017
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Donald Trump Owes $ 315 Million to Multiple Lenders, Says Ethics Office

  Washington: President Donald Trump had personal liabilities of at least $315.6 million to German, US and other lenders as of mid-2017, according to a federal financial disclosure form released late on Friday More...

By Loknath Das On Wednesday, June 14th, 2017
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Farmers May Have To Declare That Agriculture Is Only Source Of Income: Minister

MUMBAI: Maharashtra revenue minister Chandrakant Patil today said that beneficiaries of the farm loan waiver scheme may have to submit an affidavit stating that agriculture is their sole source of income. Government More...

By Loknath Das On Wednesday, June 14th, 2017
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Entrepreneurship and Income Inequality

Income inequality is growing in the United States at least in part because Americans’ incomes are more likely to be affected by entrepreneurial activity today than they were three decades ago. As Daniel Isenberg More...

By Loknath Das On Wednesday, June 14th, 2017
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Passive Income Blueprints: 5 Business Models for Any Niche

Have you ever looked at people who claim to earn tons of money for very little work and asked yourself, “What’s their secret?” Well, I’ll tell you. Their secret is almost always passive income. Passive More...

By Loknath Das On Wednesday, June 14th, 2017
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How Your Next Vehicle Could Save on Income Taxes

Did you know you could save up to $7,500 on your next vehicle — if that vehicle happens to be an all-electric or plug-in hybrid car? And that doesn’t even count any savings on fuel at the pump by using an electric More...

By Loknath Das On Saturday, June 10th, 2017
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Aadhaar Must For Income Tax Return Filing, New PAN From July 1: Taxman

New Delhi: The CBDT on Friday made it clear that Aadhaar will be a “must” for filing of Income Tax Returns or for obtaining a new PAN from July 1. The policy-making body of the Income Tax Department More...

By Loknath Das On Wednesday, June 7th, 2017
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Income Tax department might follow the GST path

India is soon going to follow the one-nation, one-tax principle after the implementation of the goods and services tax (GST) from July 1. However, the same principle might be adopted in a much more broader sense More...