All articles in Economy

UNACCOUNTED GOLD HOLDINGS MORE THAN 500 GMS WILL ATTRACT INCOME TAX

The Limit on gold holdings for married women is 500gms and 250gms for unmarried girls. If you have gold in excess of these limits you will have to prove that it was bought with money on which taxes were paid. If you are not able to do so you will be charged not only income tax and wealth tax but will have to pay a penalty as well

Demonetisation : Monumental Mismanagement

Former prime minister Manmohan Singh during the demonetisation debate. (Source: ANI)

Manmohan Singh deplored  that  implementation of the scheme which had imposed a huge burden on the poorest of the poor. The Former prime minister who was also the finance minister who initiated the process of Liberalisation blamed both the PMO and the RBI