Apr 23, 2014 at 18:51 | Source: Moneycontrol.com
L&T Finance Holdings, a subsidiary of engineering and construction major Larsen & Toubro, reported consolidated profit after tax at Rs 186.5 crore in fourth quarter (January-March), up 8.8 percent compared to same quarter last year on higher net interest income.
Apr 22, 2014 at 10:43 | Source: Moneycontrol.com
Graphite electrodes manufacturer and exporter HEG reported fourth quarter (January-March) net profit at Rs 46.6 crore, up 32.8 percent compared to same quarter last year, driven by higher other income, forex gain and lower tax expenses.
Apr 21, 2014 at 17:10 | Source: Moneycontrol.com
There is a need to ensure that there is a proper analysis of the entire benefits that are available both for the purpose of taxation as well as otherwise in terms of investment and the kind of returns that can be generated from the investment.
Apr 21, 2014 at 17:00 | Source: Moneycontrol.com
State-run housing finance company LIC Housing Finance surpassed street expectations by reporting January-March quarter profit after tax at Rs 370 crore supported by other income, up 17 percent compared to same quarter last year.
Apr 20, 2014 at 22:20 | Source: PTI
Advocating low tax structure, the BJP leader said, Direct Tax should be reduced. If the Income-Tax limit is raised from Rs 2 lakh to Rs 5 lakh, 3 crore people will save Rs 24 crore which will lead to a small impact of 1 to 1.5 percent of National Tax Fund.
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.