Income Tax

Jun 21, 2015 at 11:47 | Source: PTI
Seeking to send a stern message to chronic evaders, the Income Tax department plans to take stringent action against them to ensure that they are prosecuted.
Jun 17, 2015 at 17:33 | Source: Moneycontrol.com
Though the due date has been extended to 31 August to file income tax returns, it is the time to check a few details to ensure that you do not miss on your exemptions
Jun 17, 2015 at 10:15 | Source: Moneycontrol.com
Equity Mutual Funds ended positive as the market staged a smart recovery in late trade Tuesday after seeing wild swings. The 30-share BSE Sensex fell more than 200 points intraday on global woes but short covering in banks, auto and FMCG stocks lifted the market higher in late trade.
Jun 16, 2015 at 18:58 | Source: PTI
"This has gone to Court process. We have a provisional attachment order. We will ensure that we remain secure, whatever position changes we will ensure our security. We are certainly keeping watch on it," CBDT Chairperson Anita Kapur told reporters here.
Jun 15, 2015 at 19:24 | Source: PTI
As per the data available with Commerce and Industry Ministry for April-February period, Vodafone India's USD 1.5 billion investment in May 2014 was the biggest by any multinational company.
Jun 15, 2015 at 18:48 | Source: PTI
"The officers should emphasise how a rupee gained or collected by way of taxes is utlilised towards development of the country leading to nation building. The officers should discuss the importance of taxation and menace of black money or the parallel economy," the latest directive to the I-T officials said.
Jun 11, 2015 at 11:39 | Source: CNBC-TV18
Amit Tandon, MD of IIaS says at the moment both the companies have taken a big hit given where we are on the commodity cycle and on the oil and gas cycle. "So, the merger is not from a position of strength for either of them," he adds.
Jun 10, 2015 at 17:33 | Source: CNBC-TV18
To make GST a reality by Arpil 2016, government has invited IT companies to submit their RFQs to help set up an IT infrastructure for GST.
Jun 10, 2015 at 17:12 | Source: CNBC-TV18
Vedanta Group and Cairn India is expected to meet on June 14th to discuss the details of the potential merger between the two.
Jun 04, 2015 at 18:08 | Source: CNBC-TV18
Sources have informed that Omkar Realtors and Developers has been evading tax over the last 6 years.
Messages on Income Tax »

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Budget  

Source:NDTV Profit - Finance Minister Arun Jaitley is expected to double exemption limit on long-term financial savings to ease tax burden on the middle class in his maiden budget on Thursday, sources told NDTV. Currently, the income tax exemption limit on such savings is ...

12.27 PM Jul 8th 2014

R Jagannathan

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Budget  

of my hat on this front. Taxation should be stable and predictable, and not yo-yo from year to year. This has largely been the case over the last few years, but in future we will have even stabler regimes. My proposals in terms of individual income tax are the following. The basic exemption rate

11.22 AM Jul 8th 2014

Rishabhluck
y

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Indian indices  

in the Form 16 from your employer with the details in the Form 26AS. If your bank or bond issuer has deducted tax on the interest income, it would be in this statement. You can access the Form 26AS on the Income Tax department`s e- filing portal. Via continue

8.03 PM Jul 7th 2014

uuuthh

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Indian indices  

Big tickets that would continue the bullish rally in Nifty Good news for some sectors: # Oil and Gas sector - Phased reduction in LPG/Kerosene subsidy # Tax slabs - Income tax slabs to be raised from 2,00,000rs. to 3,00,000rs. # Mortgage tax break - Raise current limit of 1,50,000rs to 3,00,000rs.

5.27 PM Jul 7th 2014

Other Market Topics  

Wow! In a country that requires taxes to be paid for up-liftment from every angle; Education, medical facilities, housing / hostel facilities for the under-priviliged to list a few; you are suggesting abolishing all other taxes other than Income Tax as well as increasing the limits of deductions

2.20 PM Jul 7th 2014

raviusha_12
3

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Budget  

reduce income tax to induvidal and attract more poeple file their tax returns.try to reduce subsidy for petrolium products.help farmers give them low interest .

2.14 PM Jul 7th 2014

R Jagannathan

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Budget  

years, and the rates can be raised after that. If the law works well, over time the estate duty can be raised to the same level of the highest income tax rate – currently 30 percent. #4: Most importantly, the estate duty should not be judged by the amount of revenue collected, but whether

12.54 PM Jul 7th 2014

pitquote

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Just Posted  

budget: do not expect great things in the budget. there will be no relief on income tax for individuals power cost will go up to adjust cost of production- watch out for distribution companies gas price for domestic use will go up- petroleum companies will benefit IN GENERAL: THERE WILL NOT BE EVEN

11.11 AM Jul 7th 2014

subasu

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Tax Planning & Help  

If you have receipts issued by the landlord over a stamped receipt, yes, you can claim the amount allowed as per section 80GGA of Income Tax Act. It is upto the income tax officer to accept it or not!

10.24 AM Jul 7th 2014

subasu

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Tax Planning & Help  

Rs. 4 lacs will earn an interest of (maximum) Rs. 40,000. No. She does not have to pay any income tax.

10.23 AM Jul 7th 2014

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