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Income Tax Budget

Apr 18, 2015 at 16:43 | Source: CNBC-TV18
The new income tax norms announced by the government will need individuals to submit details of their foreign assets, income from sources outside the country and any foreign trips undertaken, including the expenses borne as well.
Apr 18, 2015 at 10:57 | Source: PTI
In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator SEBI on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.
Apr 17, 2015 at 18:45 | Source: CNBC-TV18
Taxpayers will have to disclose all bank accounts held by them in the country and instances of foreign travel to the Income Tax department while filing their returns for the assessment year 2015-16
Apr 17, 2015 at 17:13 | Source: Moneycontrol.com
It is incorrect to believe that money received on sale of an inherited house is fully tax exempt. Though asset received as inheritance is fully exempt from gift tax, amount on sale of such asset is not exempt from tax. It will be taxable under the head capital gains.
Apr 17, 2015 at 10:36 | Source: CNBC-TV18
Rajesh Simhan, head - international tax at Nishith Desai says as things stand, the matter is already with the Supreme Court and a number of rulings prior to this are in favour of the tax payer.
Apr 16, 2015 at 18:16 | Source: CNBC-TV18
Government is at loggerheads with a clutch of foreign investors over levying the minimum alternate tax (MAT). The Centre in the Budget had given MAT exemption prospectively. And speaking to CNBC-TV18s Sapna Das, Revenue Secretary Shaktikanta Das made it clear that FIIs cannot expect retrospective exemption.
Apr 15, 2015 at 17:24 | Source: CNBC-TV18
The Income Tax Department had earlier challenged the Gujarat High Court approved demerger in the Supreme Court. The IT Department claimed loss of capital gains tax of Rs 3,500 crore and stamp duties of Rs 600 crore.
Apr 15, 2015 at 15:57 | Source: Moneycontrol.com
India's business as well as economic cycles turned on sentiment (positive) though some critics argue that the government has achieved little, but PhillipCapital finds the mechanics of the government functioning to be sound.
Apr 10, 2015 at 12:36 | Source: PTI
The court also stayed till May 25 proceedings before trial court against Subrata Roy, others, accused of not filing returns for a group company for 2013-14 assessment year.
Apr 10, 2015 at 11:26 | Source: Moneycontrol.com
Mahanagar Telephone Nigam (MTNL) has received Income Tax Refund for the Assessment Year 2006-07 amounting to Rs.129.82 crs. including Rs.21.18 crs. towards interest on refund.
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