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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
700 trainees in Nokia Chennai plant opt for VRS

17-04-2014| Source:PTI

Nokia, which is involved in tax disputes with both the Income Tax department and the state government, earlier this month announced the VRS, saying it was part of its regular review of its

Cairn Energy seeks shareholder ok to sell Cairn India stake

16-04-2014| Source:PTI

The I-T Department had earlier this year restrained Cairn from selling the stake over alleged tax evasion on Rs 24,500 crore of capital gains made when it transfered its India assets to a new company

Getting your refund for higher tax deducted at source

16-04-2014| Source:Moneycontrol.com

The initial action that has been undertaken is by the employer since the income is being received as salary from the employer and based upon the amount received here there is some tax

IT returns related issues for PBOR in armed forces

16-04-2014| Source:Moneycontrol.com

Due to the special nature of duties of the armed forces, certain allowances are paid to meet that requirement. Of these allowances some are subject to tax and some are not.

How to deal with demand notice for late TDS returns

16-04-2014| Source:Moneycontrol.com

Businesses especially small and medium scale has been badly hit by demand notices from Income Tax Department for payment of fees for late filing of TDS returns.Actually with effect from July 1, 2012

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