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Income Tax Budget

Apr 17, 2014 at 21:46 | 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 manufacturing strategy to optimise and ensure smooth and timely delivery of its products.
Apr 16, 2014 at 18:37 | 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, Cairn India, in 2006-07
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.
Apr 16, 2014 at 16:59 | 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.
Apr 16, 2014 at 16:56 | Source: Moneycontrol.com
The provision clearly states that if TDS return is filed late, then under section 234E late fees of Rs 200 per day will have to be deposited before filing TDS / TCS return. Thus, once TDS statement has been accepted without late fee, and then such late fee cannot be recovered later on.
Apr 16, 2014 at 15:28 | Source: PTI
The Central Board of Direct Taxes, sources said, has received a report from the poll body citing delay in the filing of expenditure reports by few political parties as it sought action by the department under the I-T laws.
Apr 16, 2014 at 10:36 | Source: Moneycontrol.com
Equity mutual funds closed in red as the equity benchmarks fell 0.64 percent each on Tuesday as investors booked profits in banking & financials, auto and metals stocks after inflation rose to three-month high and contraction in February industrial output.
Apr 11, 2014 at 22:10 | Source: CNBC-TV18
In a hearing, the additional Solicitor General had said that Vodafone infact tried to suppress facts at the time of the main hearing in the Supreme Court and this is tantamount to a fraud.
Apr 10, 2014 at 21:47 | Source: PTI
Additional Chief Metropolitan Magistrate R Dakshinamurthy, in a brief order, granted two weeks time for further proceedings after hearing arguments of the prosecution and defence counsels.
Apr 10, 2014 at 16:48 | Source: CNBC-TV18
CBEC Chairman Shanti Sundharam says the auto industry has not passed on benefits of excise duty cuts to customers. The exemptions that have been given in the interim budget was specifically meant to improve the manufacturing because specifically in the auto industry
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