On November 8, Prime Minister Narendra Modi made a televised announcement on the government’s decision to withdraw 500 and 1000 rupee notes that were in circulation in the Indian economy. This huge ...

The Tribunal held that once transactions are treated as bogus, there is no basis for separately allowing expenses reflected in gross profit. Telescoping was therefore restricted to net income ...

Different countries have different ways of managing economies. A few of them follow immaculate documentation standards, but most of the world follows economies that generates parallel economy. Most of ...

China and India are the two leading sources of international students coming to the U.S. As at November 2016, American universities and colleges enrolled over 202,000 students from India and 314,000 ...

The tax department is understood to have introduced a new column for obtaining details of all deposits made by an individual or entity between November 8 and December 30 last year. The tax department ...

The ITAT Rajkot reduced the addition on demonetization cash deposits after finding that the assessee had produced land records, cash flow statements, and other supporting evidence. The Tribunal ...

“Dangal”, a rustic woman-empowerment wrestling drama directed by Nitesh Tiwari, released in India on Dec. 23, in the Christmas holiday frame. It collected $15.7 million on its opening weekend and a ...

Demonetization has had a mixed impact on Modi’s efforts to have cordial ties with opposition chief ministers, what had been dubbed as “cooperative federalism.” He has found both support and opposition ...