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Income Tax

Dec 05, 2016 at 18:58 | Source: PTI
The demand for gold in the remainder of this year is likely to influence India's current account deficit (CAD) in the second half (H2) of the current fiscal, ICRA said in a report here.
Dec 04, 2016 at 17:40 | Source: PTI
The Finance Ministry today revised upwards black money disclosed under Income Declaration Scheme (IDS) to Rs 67,382 crore, which will fetch the government a little over Rs 30,000 crore in direct tax revenue even as it did not take into account two high value disclosures.
Dec 04, 2016 at 16:20 | Source: PTI
The Income Tax department has found "various inconsistencies" in cash deposits in Jan Dhan accounts and detected about Rs 1.64 crore deposited by persons who have never filed returns as their income shown is below the taxable limit.
Dec 03, 2016 at 19:00 | Source: PTI
"By just depositing it (unaccounted money), you don't avoid the responsibility of paying tax," he said when asked about surge in deposits in banks following withdrawal of high denomination currency notes.
Dec 02, 2016 at 19:04 | Source: PTI
In a major crackdown on bankemployees involved in irregularities post demonetisation, asmany as 27 senior officials of various public sector bankshave been suspended and six others transfered to check corruptpractices.
Dec 02, 2016 at 17:01 | Source: Moneycontrol.com
Under the Income Tax Act a basic amount that is earned by the individual as taxable income is not subject to any tax.
Dec 02, 2016 at 14:46 | Source: PTI
Urging the government to consider lifting the cash withdrawal limit for corporate firms, Assocham said there is no scope of misuse as these transactions are properly recorded and audited.
Dec 01, 2016 at 21:12 | Source: PTI
In the biggest seizure of cash in new currency post demonetisation, the Income Tax department today confiscated over Rs 4 crore during searches in a dozen premises in Bengaluru and other locations.
Dec 01, 2016 at 21:12 | Source: PTI
Describing the Income Tax Amendment Bill as "unleashing of taxation terrorism", Congress today said it is "a big assault" on the federal economy of the country that would reduce the income of states to the extent of 50 per cent.
Dec 01, 2016 at 19:40 | Source: PTI
Seeking to quell apprehensions based on rumours, the government today said there is no limit on legitimate holding of gold and jewellery, including from inheritance, and there would be no seizure of bullion up to a certain limit even if that does not seem to match income.
Messages on Income Tax »

amateurinve
stor

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Bulls are back on dalal street. with big rate cut hopes this week and big cut in income tax and corporate tax in end jan budget, pre budget rally has started from today.

3.23 PM Dec 5th

amateurinve
stor

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pre budget rally is on cards. today BS top headline says budget presented end january may make whole india happy with income tax and corporate tax both falling sharply. http://t.in.com/34UW

11.20 AM Dec 5th

Wire News

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The Income Tax department has found "various inconsistencies" in cash deposits in Jan Dhan accounts and detected about Rs 1.64 crore deposited by persons who have never filed returns as their income shown is below the taxable limit.

4.20 PM Dec 4th

UmeshSri

New Member

77 Followers

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required brakes. 2) there are only 3.5% people in India who file IT returns and 90% of the transactions happen in cash. Black money, cash dealings and 96% people who don`t pay income tax is chronic nexus that needed to be broken. 3) There are allegedly 5 printing presses in Pakistan which have been

11.29 AM Dec 4th

nicknamecha
nged98641

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Commission of India (ECI)) the name of the individuals or organizations from whom they have received donations of amount less than Rs.20,000.] Step 3 - Go to bank, deposit all this amount in the party`s account. [No need to pay any income tax. Political parties are 100% exempted from income tax] Step 4

7.37 PM Dec 2nd

akaj88

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294 Followers

  

. Not a word against Income Tax Evasion by Rich Farmers who give their land on lease ( theka ) and do not pay Income Tax by bribing corrupt Patwaris to show them as Actual Tillers . Those who pay Taxes in India are called CHOR. Those who do not pay Taxes are called ANNDAATA

2.13 PM Dec 2nd

uday218

New Member

13 Followers

  

the hard earned monies deposited by the downtrodden people despite knowlng the restrictions imposed by the government, are, termed as black money. They call the genuine importers` money too, no surprise. This government is not believing its own income-tax and other departments, to track the genuine

12.36 PM Dec 2nd

nicknamecha
nged98641

New Member

54 Followers

SBI  

commission of india (eci)) the name of the individuals or organizations from whom they have received donations of amount less than rs.20,000.] step 3 - go to bank, deposit all this amount in the party`s account. [no need to pay any income tax. political parties are 100% exempted from income tax] step 4

12.28 PM Dec 2nd

UmeshSri

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ji, i agree that we have too many taxes and no one likes to be taxed. :D people would(might) come forward to pay taxes if rates are reduced and kept simple. as of now, only the sal aried class is the main source of income tax. we have huge work force in un organised sector. we flout all labor laws

11.44 PM Dec 1st

sadiquetz_d
reamboy1984

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State/Abroad Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI Question 4 : What are you getting in Selling Goods? Ans. : Profit. Tax : PAY INCOME TAX! Question 5: How do you distribute profit ? Ans : By way of dividend Tax : PAY DIVIDEND DISTRIBUTION TAX Question 6 : Where you

11.14 PM Dec 1st

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