The regulator said if the variable pay is up to 200 percent of the fixed pay, at least 50 percent of it should be in non-cash, and if the variable pay is above 200 percent, 67 percent of it should be paid via non-cash instruments.
This is the highest disclosure ever from offshore bank accounts and has raised a tax demand of Rs 5,377 crore against such account holders till March 31, 2016.
London: Foreign banks have stopped opening branches in India as they need to set aside a lot more capital due to the country's "higher risk" credit rating and they feel it is "not worth" doing
New Delhi: The Supreme Court on Wednesday clearly told the Centre that it was willing to go to any length to help the Special Investigation Team in bringing back huge amount of black money stashed
New Delhi, Mar 30: In its efforts to check black money stashed in foreign banks, government has introduced a new column seeking details of foreign assets in the Income Tax Return (ITR) forms for the
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