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World Superbike Championship set for 2017 India debut: JPSI chief
World Superbike Championship set for 2017 India debut: JPSI chief

The future of Formula 1 in India depends on income tax hurdles but Superbike World Championship (WSBK) is finally set to take place at the Buddh International Circuit in 2017, Jaypee Sports International (JPSI) chief Sameer Gaur has said.

Preneet Kaur denies having any foreign bank account

Former Union Minister and sitting Patiala MLA Preneet Kaur on Tuesday said that she does not have any bank account overseas in her name with any foreign bank.

Higher service tax rate of 14% to come into effect from June 1

The new service tax rate of 14 percent will come into effect from June 1, government said Tuesday, in a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.

Govt to provide tax incentives to households for rooftop solar projects

Ministry of New and Renewable Energy (MNRE) has announced that it proposes to allow tax incentives for households who wish to set up rooftop solar plants

Simplify income tax forms, demands BJP member in Rajya Sabha

A BJP member on Friday sought simplification of Income Tax forms for assessees, saying the present form impinges on the individual's privacy as it seeks details of all bank accounts and foreign travel.

Now, disclose bank accounts, foreign travels in IT returns

Taxpayers will have to disclose all bank accounts held by them in the country and instances of foreign travel to the Income Tax department while filing their returns for the assessment year 2015-16.