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Tax Department

Mar 31, 2015 at 18:13 | Source: PTI
Keeping in view of the sluggish rise in collection, the government had revised downwards its target at Rs 7,05,000 crore for the current fiscal, after initially having budgeted Rs 7,36,000 crore in the direct tax mop-up.
Mar 31, 2015 at 11:21 | Source: PTI
The Income Tax department took to the strategy of 'naming and shaming' of some large tax defaulters as it published names of 18 entities who owe over Rs 500 crore tax to the exchequer.
Mar 29, 2015 at 19:48 | Source: PTI
CBDT has called for according a "top priority" to addressing taxpayers' grievances by the Income Tax department after Indian Prime Minister Narendra Modi expressed his disappointment about delays in corrective action and harassment of the assesses by tax officials.
Mar 27, 2015 at 20:34 | Source: PTI
Billionaire Anil Agarwal-led group said it will take "all necessary steps" to protect interest against the tax notice on Cairn India.
Mar 26, 2015 at 08:15 | Source: PTI
The companies include Blue Information Technology having a tax arrear of Rs 75.11 crore, Appletech Solutions (Rs 27.07 crore), Jupiter Business Ltd (Rs 21.31 crore) and Hirak Biotech (Rs 18.54 crore), according to the list released by the Central Board of Direct Taxation. All these firms are based in Ahmedabad.
Mar 24, 2015 at 20:55 | Source: PTI
On March 3 in Parliament, Modi has indicated that the Tamil Nadu-based Nokia plant, which shut down a few months ago, is likely to start functioning again.
Mar 23, 2015 at 18:49 | Source: PTI
The Finance Ministry had in February said that the Income Tax department was already in touch with Falciani, "who apparently brought out the names of persons holding undisclosed bank accounts in HSBC, Switzerland."
Mar 18, 2015 at 19:08 | Source: PTI
In a note on last week's visit of Finance Minister Arun Jaitley to London, UKIBC Group CEO Richard Heald said that the tax demand came at a time when the Indian government has been publicly talking about the negative impact of retrospective taxation on investor sentiment towards India.
Mar 17, 2015 at 21:14 | Source: PTI
To check black money menace, the Cabinet on Tuesday approved a new Bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
Mar 17, 2015 at 14:44 | Source: PTI
Last week, Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by its former parent (Cairn Energy) in a share transfer transaction about eight years ago.
Messages on Tax Department »

Rishabhluck
y

Platinum Member

476 Followers

Indian indices  

taxpayers wronglyassume that if TDS has been deducted on the interest earned onfixed deposits and bonds, theydon`t have to pay any more tax. ButTDS on bank deposits is 10% whilethe tax may be 30% if the personearns overs Rs 10 lakh. If he ignores the income from interest,the tax department

8.07 PM Jul 7th 2014

Rishabhluck
y

Platinum Member

476 Followers

Indian indices  

in the Form 16 from your employer with the details in the Form 26AS. If your bank or bond issuer has deducted tax on the interest income, it would be in this statement. You can access the Form 26AS on the Income Tax department`s e- filing portal. Via continue

8.03 PM Jul 7th 2014

Web Messenger

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277995 Followers

Market Advice  

Source:Economic Times - MUMBAI: The Central Board of Direct Taxes ( CBDT), in its action plan for the year 2014-15, has drawn up a time-bound and structured programme for disposal of appeals that are pending with the tax department. If targets set in the action plan are achieved, disputed tax

12.08 PM Jul 3rd 2014

lonley

Platinum Member

89 Followers

Flex Foods  

When I said the truth somebody irritated and removed my message hence re -posting it below Flex group always in controversy .Read the below news published recently in Business standard Income-Tax raids at 37 premises of Uflex Limited unveils Rs 100 crore `scam` Income Tax department today

3.35 PM Jul 1st 2014

lonley

Platinum Member

89 Followers

Flex Foods  

Flex group always in controversy .Read the below news published recently in Financial Express Income-Tax raids at 37 premises of Uflex Limited unveils Rs 100 crore `scam` Income Tax department today carried out raids at 37 premises associated with Uflex Limited in nine cities and claimed

12.32 PM Jul 1st 2014

lonley

Platinum Member

89 Followers

Arrow Coated  

Flex group always in controversy .Read the below news published recently in livemint Income-Tax raids at 37 premises of Uflex Limited unveils Rs 100 crore `scam` Income Tax department today carried out raids at 37 premises associated with Uflex Limited in nine cities and claimed to have found

12.30 PM Jul 1st 2014

subasu

Platinum Member

574 Followers

Tax Planning & Help  

The simplest test for this would be to fill up the new ITR 2 (xml utility available on website of the Income Tax department efiling) and see for yourself whether it calculates the correct tax and offers Rs. 2000 deduction or not. I am an individual and the form deducted Rs. 2000 for me.

4.39 PM Jun 27th 2014

Web Messenger

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Tax Planning & Help  

Source:Economic Times - NEW DELHI: Cracking its whip, the CBDT has asked the Income Tax department to ensure prompt action in timely redressal of taxpayers grievances which are pending for a long time. The Central Board of Direct Taxes (CBDT), which supervises the functioning of the I-T department

2.48 PM Jun 26th 2014

Other Market Topics  

When you are taxing the consumers with Excise Duty and 15.5% VAT and Service Tax of 12.36% for ALL services, then what is the need of any Income Tax? We suggest the Income Tax to be abolished and disband the Income Tax department. Encourage people with wealth to spend more for luxuries like dinner

3.11 PM Jun 16th 2014

dreamliner7

Gold Member

11 Followers

NDTV  

I-T dept moves to block NDTV`s capital reduction plan Income Tax department has alleged that NDTV concealed material facts from the High Court, including its move to reduce its capital, merger between two subsidiaries and mortgaging property worth Rs50 crore without the I-T dept`s knowledge On 6

11.53 PM Jun 5th 2014

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