Oct 22, 2014 at 20:41 | Source: CNBC-TV18
Pending proposals and promotions and senior level posts that are lying vacant for over six months now has led the income tax department to miss its revenue targets and its income tax collections for the year.
Oct 22, 2014 at 12:00 | Source: Moneycontrol.com
Kotak Mahindra Bank jumped nearly 5 percent on strong profitability and stable asset quality performance in Q2. Private sector lender's second quarter standalone profit after tax rose 26 percent year-on-year to Rs 444.5 crore led by strong other income and lower provisions.
Oct 21, 2014 at 17:30 | Source: Moneycontrol.com
Once an amount is received by the individual then its remittance of transmission to any other place would not be a taxable event under the income tax law. This makes it important for the individual to see whether there is a receipt of the income that has taken place and when they transfer the money whether this is actually remittance for them.
Oct 20, 2014 at 19:57 | Source: Moneycontrol.com
The government will see a significant shortfall in indirect tax collection in this financial year. CNBC-TV18s Sapna Das reports that net growth in indirect taxes is likely to be 6 percent versus a budgeted growth of 25 percent in FY15.
Oct 18, 2014 at 16:21 | Source: Moneycontrol.com
Equity Mutual Funds ended positive as equity benchmarks closed off day's high ahead of Maharashtra and Haryana state elections results that will be announced on Sunday.
Oct 10, 2014 at 16:01 | Source: Moneycontrol.com
The major benefits of investing in company fixed deposits are high interest, flexibility of tenure and no Income Tax is deducted at source if the interest income is up to Rs 5,000 in one financial year.
Oct 10, 2014 at 11:34 | Source: Moneycontrol.com
The court held that there was no taxable income arising out of the transaction. The quantum of tax demand by the Indian authorities stood at Rs 3200 crore in fiscal year 2010.
Oct 09, 2014 at 16:38 | Source: PTI
The Modi government has asked states to try such a scheme and Food Minister Ram Vilas Paswan will be discussing the issue with them. It has also given enough signals that the much-touted welfare food security programme of the UPA government will not be shelved.
Oct 09, 2014 at 13:41 | Source: CNBC-TV18
Revenue secretary Shaktikanta Das says there is a need to move away from aggressive tax planning and assessments. He says the industry needs to work closely with the government to encourage a non-adversarial tax regime.
Oct 08, 2014 at 16:58 | Source: CNBC-TV18
The ministry will initiate the exercise by issuing the Budget circular to all ministries, like every year. Generally, the Budget exercise kickstarts in September every year, this year the delay is due to a late Budget, which was presented in July.