Wealth tax being a direct tax is imposed at the rate of 1% on the net assets over and above Rs. 15 lakh. Whereas, filing wealth tax return date is very much common to that of filing income tax return. The wealth tax is filed in form “BA” and has to be submitted on relevant [...]

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Wealth tax came in to force on 1st April, 1957. In simple words wealth tax is a form of direct tax imposed on individuals coming in its orbit. It’s very much similar to income tax and has to be paid every year.  Wealth tax is actually imposed on the aggregate market value of the property, [...]

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The government recently brought a change in the excise and custom duties imposed on customers all-over the country. As of now all the precious metals like, gold, silver, platinum and diamond will become costly. As per the current structure, customs and excise duty will be imposed on the price of precious metals instead of fixed [...]

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Infrastructure Development Finance Company Ltd was incorporated in the year 1997 as a public limited company.  The company was established with an aim to provide finance for infrastructural projects. The company provides full range of finance and advisory services for infrastructure projects, asset management and investment banking. IDFC with a view to raise funds for [...]

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Tata Consultancy services, India’s largest Software exporting company by revenues announced its Q3 2011-12 results today. For the quarter ending Dec 31, 2011 the company has announced  revenues of Rs 13204 crores which is up by 13.5% Q-o-Q and 36.6% Y-o-Y. The net profit of the company in the last quarter stood at Rs 2803 [...]

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