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FM says will introduce direct tax code in monsoon session
May 24, 2013 at 19:37 | Source: Reuters
Finance Minister P Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament.
Karur Vysya Bank Q4 net up 8% on higher interest income
May 24, 2013 at 13:29 | Source: Moneycontrol.com
Karur Vysya Bank's Q4 net profit rose marginally by 8 percent year-on-year to about Rs 160 crore, driven by non-interest and interest income. However, net profit dropped 27% to Rs 151 crore without reversal of tax provisions.
IT dept conducts a search at SMS Pharma's units, offices
May 24, 2013 at 12:19 | Source: Moneycontrol.com
SMS Pharmaceuticals has informed that the Income-tax Authorities have conducted a search of the records of the Company at all Manufacturing Units, Registered office, and Corporate Office on May 23, 2013. The Company has extended full co-operation to the Income-tax authorities and they have collected the necessary information.
Rich country investors returning home: Analysis
May 23, 2013 at 09:58 | Source: Reuters
The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.
Hotels, retailers on I-T radar; tax orders to over 100 cos
May 22, 2013 at 23:10 | Source: CNBC-TV18
According to CNBC TV-18's reports Aastha Maheshwari tax orders have been slapped on more than 100 companies for non payment of tax deducted at source (TDS) dues on credit card transactions
IPL Spot-Fixing: Tax department begins probe
May 22, 2013 at 21:50 | Source: IBNLive.com
The income-tax department has begun the probe into the IPL spot-fixing case. Former betting kingpin Dinesh Kalgi, meanwhile, alleged that spot-fixing occurred in at least 15 matches of IPL 6.

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Hotels, retailers on I-T radar; tax orders to over 100 cos
Gold not best asset to be in; look at equities now
Taxman trains guns on reinsurance biz; Swiss-Re gets notice
I-T dept targets 27 cos on transfer pricing issue in FY13
L&T Fin eyes consumption lending
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Five things to keep in mind before filing I-T returns this year
Like it or not returns have to be filed each year. The task ofcourse can be delegated to a professional like a Chartered Accountant or you could use the help of an online tax portal. While the fact, r...
May 23, 2013 at 14:06 | Source: FirstPost
FinMin to send letters to 70K tax non-filers
Encouraged by the results of letters sent to non-filers of income tax returns earlier, the finance ministry is in the process of sending 70,000 more letters to high-priority assessees who have not fi...
May 22, 2013 at 10:22 | Source: Financial Express
I-T Dept widens net for non-filers
New Delhi, May 22: The Finance Ministry’s initiative to track non-filers of income tax returns seems to be yielding dividends for the exchequer. The Income-Tax Department mopped up taxes of ove...
May 21, 2013 at 21:07 | Source: The Hindu BusinessLine
Government doggedly after `high priority' tax dodgers
The government today said it is ready with letters to around 70,000 ''high priority'' assessees seeking disclosure of their real income and payment of income tax accordingly. The revenue department h...
May 21, 2013 at 20:22 | Source: DomainB
Apple used subsidiaries to dodge billions in taxes: US panel
Apple, the top US computer and smart phone manufacturer, used a complex web of offshore entities to avoid billions in taxes, a Senate panel has alleged. The electronics giant's rootless subsidiaries ...
May 21, 2013 at 18:32 | Source: Financial Express
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