Starting September, those who are filing income tax return will need to provide a detailed break-up of Employees’ Provident Fund (EPF) withdrawal. This is among the few changes that the Central Board of Direct Taxation has done in the tax filing utility and ITR forms recently.
2. Chirag Nangia, Director answers the weekly queries with regards to personal tax for DNA.
Flipkart founders Sachin and Binny Bansal may have to pay 20 per cent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts. The Indian e-commerce major is in discussions to sell majority holding to Walmart and an announcement to this effect is likely to be made soon, sources close to the development said.
1. Chirag Nangia, Director shares his views on aforementioned story for following publications: