by AIP Online Bureau | Mar 10, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“These powers are only to be executed during the course of a search or survey operation, and that too when the assessee being searched or surveyed refuses to share the passwords for digital storage drives, emails, Clouds and communication platforms such as...
by AIP Online Bureau | Feb 16, 2025 | Indian News, Life, Policy, Regulation
After hearing Aviva’s defence, joint tax commissioner Aditya Singh Yadav ruled the company evaded tax of around Rs 32.6 crore ($3.8 million), which it must pay with a 100 per cent penalty, totalling Rs 65.3 crore, or $7.5 million, according to a February 5 order...
by AIP Online Bureau | Feb 15, 2025 | Eco/Invest/Demography, Indian News, Policy, Workplace/Employee Benefits
The Bill introduces a new concept of ‘tax year’ as the 12-month period beginning from April 1. This would replace the present concept of assessment and previous year. Currently, income earned in the previous year (PY) say in the year April 2024 to March...
by AIP Online Bureau | Feb 9, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
Before the Income Tax Bill was cleared by the Cabinet, people in the know said that the legislation would likely provide directions to widen the tax net, given the contraction in the tax base following the exemption limit being raised to Rs 12 lakh in the Union Budget...
by AIP Online Bureau | Jan 22, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Grant Thornton Bharat, Partner, Akhil Chandna said an increase in NPS tax deduction limits and more flexible NPS withdrawal rules would certainly promote retirement savings in the hands of taxpayers New Delhi: As many as 57 per cent of individual taxpayers want taxes...
