Income Tax Budget

May 05, 2016 at 11:39 | Source:
Dividends can be looked at as a source of income. However, one must be cautious while planning his money matters based on dividends declared by mutual funds.
May 04, 2016 at 15:30 | Source: PTI
There are at least 36 tribunals for settling various administrative and tax-related disputes, including Central Administrative Tribunal (CAT), Income Tax Appellate Tribunal (ITAT), Customs Excise and Service Tax Appellate Tribunal (CESTAT), Competition Appellate Tribunal (COMPAT) and Securities Appellate Tribunal (SAT), among others.
May 04, 2016 at 14:36 | Source: PTI
The luxury items to be disclosed will also include utensils, apparels and furnitures studded with precious stones and ornaments made of gold, silver, platinum or any other precious metal or alloy.
May 04, 2016 at 10:33 | Source: CNBC-TV18
Insecticides India has filed an appeal with the Commissioner of Income Tax (CIT) to appeal against an Income Tax Department decision to disallow treatment of some revenues as capital receipts.
May 03, 2016 at 22:40 | Source: CNBC-TV18
The government of India released the income tax report for the past 16 years last week. The provisional 2014-2015 figures show that just about 4.87 crore people filed tax returns, making it less than 4 percent of the population. CNBC-TV18's Ronojoy Banerjee caught up with corporate lawyer HP Ranina to discuss the issue.
May 02, 2016 at 14:40 | Source:
In order to promote transparency, the Central Board of Direct Taxes (CBDT) made all the income tax data public on Friday. Here are the key findings.
May 02, 2016 at 08:54 | Source: PTI
As part of a transparency drive, the government has made public direct tax data for last 15 years. Data for individuals has been published only for 2012-13 assessment year, which shows taxes for income in financial year ended March 31, 2012.
May 02, 2016 at 08:04 | Source: PTI
Income Tax department had over 4.72 crore "effective assessees", including people who filed ITRs, and who paid TDS but did not filed returns, in 2012-13. However, individuals who filed return of income for tax paid accounted for 1 percent of population that year.
Apr 30, 2016 at 12:00 | Source:
The Centre has issued notices to all the people named in the Panama Papers but tax laws do not allow the proceedings to be made public till cases are filed in courts, said Union Finance Minister Arun Jaitley in Lok Sabha on Friday.
Apr 29, 2016 at 19:48 | Source: PTI
Housing demand is expected topick up in next six months as sentiments have improved afterthe government announced tax incentives to the real estatesector in this year's budget, according to a survey.
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