Aug 31, 2015 at 11:36 | Source: Moneycontrol.com
It is better to know the tax treatment you get depending on your tax status and accordingly account for capital gain tax.
Aug 17, 2015 at 12:21 | Source: Moneycontrol.com
Foreign income confuses many at the time of filing of income tax return. One must consider resident status and the nature of foreign income or asset before reporting it in India.
Apr 10, 2015 at 11:26 | Source: Moneycontrol.com
Mahanagar Telephone Nigam (MTNL) has received Income Tax Refund for the Assessment Year 2006-07 amounting to Rs.129.82 crs. including Rs.21.18 crs. towards interest on refund.
Mar 27, 2015 at 11:00 | Source: Moneycontrol.com
Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to pay tax, if his tax rate is higher than the rate of TDS. One may also claim tax refund if TDS rate is higher than his tax slab rate.
Mar 10, 2015 at 16:33 | Source: PTI
"Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment years are pending as on March 5, 2015," Minister of State for Finance Jayant Sinha said in a written reply in the Rajya Sabha.
Aug 24, 2014 at 18:51 | Source: PTI
Sebi also said that income tax would be deducted at source, wherever applicable, unless it receives necessary documents for claim of tax exemption along with the refund application.
Aug 22, 2014 at 17:44 | Source: PTI
KV Chowdary, Chairman of CBDT said the net income tax collection during the first four months stood at over Rs 1.51 lakh crore after accounting refunds of nearly Rs 54,000 crore
Jul 07, 2014 at 17:59 | Source: Moneycontrol.com
Nilesh Shetty , Associate Fund Manager Equity, Quantum AMC says he is awaiting announcement on the status of retrospective taxation cases.
Jun 25, 2014 at 17:30 | Source: Moneycontrol.com
Many a time we use the word deduction, exemption,rebates and reliefs interchangeably. We must realize that these are terms with different implications.
Apr 16, 2014 at 17:13 | 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 that is deducted at source.