In India’s often murky economic dealings, one example of something that’s worked and worked well to such an extent that it can even be considered a success and an experiment that can be the forerunner for a better business model is the phenomenon of the Special Economic Zone or SEZ. It’s been one of the few minor successes in India’s economic movement .One reason that it’s worked well is because of the close integration between the state governments and the central government which makes it an example of a federal enforcement above the dealings of national politics. Nonetheless even the SEZ’s have scope to improve.

By Vipin Agnihotri

In an age of Internet, it’s quite surprising that not even a single individual return has been filed online in Lucknow. When The India Street contacted the Income Tax (I-T) department of Lucknow, this fact came into light. It is worth mentioning in this regard that there is a separate assessing officer in the department to look after the individual returns that have been filed online. The 'systems' division of the Lucknow Income Tax department that has a responsibility of handling the data on the same said it has not received any online return so far.

By Dr Suvrokamal Dutta

It has come into the notice of The India Street that after Delhi, Gurgaon and Ghaziabad the district administration of Noida and Greater Noida would soon increase their circle rates.

By Vipin Agnihotri

By Vipin Agnihotri

By Vipin Agnihotri

In an attempt to iron out the big disparity in property taxes in Mumbai, state government is all set to finalize the levy of property tax on the basis of Capital Value Based System (CVS). Initial signs are that few Island city residents may be exempted from the new system, or may get discounts in property tax.

Amendments in service tax protocols: Advantageous to smaller housing societies

By Dr Suvrokamal Dutta

By Dr Suvrokamal Dutta

Replacing a single page ‘Saral’ form with ITR forms is set to make filing of returns difficult. The new series of ITR forms, from 1 to 8 is not at all assesses-friendly and voicing the same is Income Tax Bar Association.