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Global income tax

Income tax that aggregate income from all sources at the individual (or family unit) level. The income is then taxed at a single progressive rate.

News On Global income tax
Sec 80C deductions: Know the restrictions before you leap

27-04-2015| Source:Moneycontrol.com

Restriction on deductions on Section 80C of the Income Tax can curtail the tax benefits enjoyed by you. It means in some cases, you may have to pay income tax, despite investments.

All MAT tax claims under DTAA to be settled in a month

27-04-2015| Source:PTI

The move is aimed at quickly resolving the controversial tax issue facing foreign portfolio investors. The Income Tax Department has sent notices in 68 cases to FIIs for payment of dues totalling Rs

Bharti Infratel Q4 profit up 10% to Rs 558cr, revenue falls

27-04-2015| Source:Moneycontrol.com

Bharti Infratel's fourth quarter (January-March) net profit climbed 10 percent to Rs 557.5 crore compared to Rs 506.9 crore in December quarter, supported by other income despite higher tax cost

Maruti Suzuki Q4 net seen up 43% on strong operating income  

27-04-2015| Source:CNBC-TV18

Maruti Suzuki's fourth quarter profit after tax is seen rising a whopping 43 percent year-on-year to Rs 1,145 crore compared to Rs 800 crore in the year-ago period led by operating performance

I-T dept publishes list of big tax defaulters in newspapers

26-04-2015| Source:PTI

As part of its strategy of 'naming and shaming' big defaulters, the Income Tax department today published names of 31 tax evaders who owe over Rs 1,500 crore tax to the government.The names, last

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