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Faceless Income – Tax Assessment: How Does It Work?

The National Faceless Assessment Centre (NFAC), along with other centres and units, have been established by the Central Board of Direct Taxes (CBDT). The NFAC is in charge of conducting an assessment of your income-tax returns if they are picked up in scrutiny. ....

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India budget: Budget recap: What the saver, investor, homebuyer and senior citizen have got so far in Modi era


Synopsis
Govt slashed basic corporate tax rate to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%.
Managing Director & CEO, International Money Matters Pvt. Ltd, Contributor Content
Solution: Promote long term investing - have tax parity between mutual funds and insurance products. Benefits for investing in retirement products at an early stage to be introduced.
Budget season is a time for looking back at what we got, what we didn t and also for looking ahead with expectations. Here is a lowdown on what the common investor the debt/equity investor, the saver, the homebuyer has gotten so far from Modi. ....

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