Aug 28, 2014 at 17:32 | Source: PTI
The four-member committee will be headed by the Joint Secretary of the Foreign Tax and Tax Research-I unit of the CBDT. It will decide on such cases within of 60 days of receiving them from the Assessing Officer.
Aug 27, 2014 at 10:05 | Source: Moneycontrol.com
Equity Mutual Funds ended in red as the markets consolidate on Tuesday, as investors remained cautious after Supreme Courts verdict on coal block allocation case.
Aug 26, 2014 at 15:28 | Source: Moneycontrol.com
The Union Budget has increased the period of holding for debt funds from the existing 12 months to 36 months, in order to classify the fund as long-term for purposes of computation of capital gains tax.
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 24, 2014 at 18:28 | Source: PTI
The taxman, simultaneously, has also initiated action to know the "source of income" of these entities so that any other instance of tax evasion linked to these accounts could be unearthed.
Aug 22, 2014 at 19:13 | Source: Moneycontrol.com
The budget has provided several benefits for individuals but there are some smaller details that every individual needs to look at.
Aug 22, 2014 at 18:41 | Source: CNBC-TV18
CBDT chairman KV Chowdary said the department is aiming to recover the tax and a penalty might be imposed as well.
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
Aug 22, 2014 at 15:49 | Source: PTI
Rejecting allegations by the previous UPA regime that Gujarat was hampering progress on Goods and Services Tax, the state Finance Minister Saurabh Patel said several states including Congress ruled ones had issues and did not have faith in the then central government addressing them.
Aug 19, 2014 at 16:35 | Source: Moneycontrol.com
There are constant changes that are taking place on the Income Tax front and another such change has been the introduction of a new application form for getting the Permanent Account Number (PAN).