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Income Tax

May 02, 2016 at 14:40 | Source: Moneycontrol.com
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: NEWS18.com
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 18:20 | Source: PTI
Corporate tax collections haverisen nearly 12-fold in last 15 years and personal income tax9 fold but share of direct taxes in the economy has fallen toalmost a decade low of 5.47 per cent, according to direct taxdata published by the government today.
Apr 28, 2016 at 17:13 | Source: Moneycontrol.com
Many individuals do change jobs and they have to face the problem of combining salaries from two employers. Here is how to go about it.
Apr 27, 2016 at 15:37 | Source: Moneycontrol.com
Taxation of gains on sale of shares has been a gray area for long period of time. This article explains the head under which the gains will be taxed.
Apr 27, 2016 at 15:07 | Source: Moneycontrol.com
Even as prices of pulses went through the roof these last few months, the Centre and state governments haven't been sitting idle. After a series of raids, the Maharashtra government has decided to enact a law to cap the maximum prices of the pulses.
Apr 26, 2016 at 20:42 | Source: PTI
The Income Tax department will now add interest amount to a delayed refund made on excess TDS deductions and will also not litigate with the deductor on this issue in the future, a latest directive has said.
Apr 26, 2016 at 18:36 | Source: PTI
Officials said the meeting here chaired by SIT Chairman Justice (retd) M B Shah also reviewed the reports submitted to it by the Income Tax department, FIU and the Enforcement Directorate (ED) in the 'Panama Papers' list case in which at least 500 Indian names have been published.
Messages on Income Tax »

UmeshSri

New Member

62 Followers

index  

not all people walk the talk. why should capital gains tax be reduced when income tax income is dropping??? tax the super rich. nothing wrong in it. let him wind up his businesses from china first. all politicians are crooks. trump is not an exception.

about 4 hrs 47 min 20 sec ago

ramc23

Platinum Member

560 Followers

Force Motors  

Hi All, new online fraud. Today I received a mail where the mail id is correct as admin. rf06@incometaxindiaefiling.gov.in. The logo of income tax department is also there. The mail states that I am qualified for a refund of Rs. 25882.19. It further states that in order to receive the refund

12.59 PM Sep 25th

Telecommunication - Sector  

Real fact how this telephone company loot a comman man no one approch to TRAI to take action to this telephone company also a fraud to pay in Income Tax if the govt order to asses this company

4.53 PM Sep 23rd

Wire News

Platinum Member

631 Followers

News Now  

Online tax filing portal ClearTax today said it has launched a service to advise stock market traders for filing of income tax returns and bookkeeping over phone and emails.

1.46 PM Sep 23rd

akaj88

Platinum Member

284 Followers

  

TAX TERRORISM Raiding Poor Dosa sellers to achieve Income Tax Targets In India Income Tax is a Jazia on Non Vote Banks Rich and Super Rich Farmers do not even have to file Returns where as Physically Handicapped Indians pay All the Income Tax freebies are meant for actual Tillers Plough

10.36 AM Sep 23rd

neopandit

New Member

42 Followers

Reliance  

Krish1942 Same here. Bought 2x 1080CE at 15.95 and sold at 18.35 (trailing SL triggered). Lot size 500. profit of 2400/- on a investment of 18,350/- leave aside 20 bucks for brokerage and taxes. Intraday stock trading is considered as speculative activity for income tax purposes. Intraday

11.09 AM Sep 21st

whatsupji

Platinum Member

465 Followers

Jayant Agro-Org  

K9 ji, sanwar is at current market cap is selling at 1 month sales... long term debt is 9 CR seems income tax people. raided the premises and slapped. a 65cr advance tax notice(chk March 2016) of course company protested... showed a 26 CR loss due to fire.. but if 65cr is just advance tax.. hmmm

11.10 AM Sep 20th

koolagrawal

New Member

0 Follower

Everest Kanto  

please refer note in financial results of june quarter which says it will receive 190 cr. additionally, there would also be income tax implications

4.07 PM Sep 19th

thepainteds
nipe

Platinum Member

96 Followers

Reliance  

it offers. Or income through investment in Long Term assets is tax free - but also not that income from these kind of investment is not guaranteed. Many people book loss, while a few make profit. Govt may loose some amount of income tax here, but at the same time overall investment is encouraged. The uplift

12.08 PM Sep 16th

dr_arman

New Member

1 Followers

Century  

Section 43(5) of the Income Tax Act says Intraday, BTST, F&O are Speculative Business that comes under normal tax-slab although you might pay STT. You can either add it as “Income from Other Sources” in ITR-2 (Small cases) or go for audited profit/loss from Business in ITR-4 (High cases/Full time

3.17 PM Sep 14th

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