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Tax Department

Nov 26, 2014 at 21:39 | Source: PTI
Attorney General Mukul Rohatgi has asked the Income Tax Department to desist from filing appeal against the Bombay High Court ruling that Vodafone is not liable to pay an income tax demand of Rs 3,200 crore in a case relating to transfer pricing.
Nov 24, 2014 at 22:35 | Source: PTI
Sources said the department made one of its highest seizures which also includes jewellery worth Rs one crore. The entire cash, they said, has been remitted in a public sector bank branch in Delhi.
Nov 24, 2014 at 22:08 | Source: CNBC-TV18
The income-tax department on Saturday conducted searches at the Noida and Delhi premises of Sahara Group on charges of tax evasion. Sahara Group confirmed the development, however, expressed ignorance as to why this action was being taken against it.
Nov 24, 2014 at 18:53 | Source: PTI
The Prime Minister's Office (PMO) has suggested the tax department to think of other ways to tackle the menace of black money, sources said.
Nov 06, 2014 at 11:56 | Source: PTI
MTNL has already made this payment of Minimum Alternate Tax (MAT), amounting to Rs 492 crore, and had sought relief from the government, which holds 56.25 percent stake in this publicly listed firm.
Oct 30, 2014 at 16:22 | Source: PTI
The comments come at a time when a Supreme Court-monitored Special Investigation Team is probing alleged stashing of black money by Indians aboard, including Swiss banks.
Oct 28, 2014 at 16:39 | Source: Firstpost.com
The question to ask is this: if the government has already managed to get dues paid through backroom deals with some (or many) of the HSBC account-holders in Swiss banks, why are we surprised that the names are not coming out?
Oct 27, 2014 at 13:53 | Source: PTI
"We wish to state that this account was opened when he (Pradip) was an NRI, and was legally allowed to open this account," a Dabur spokesperson said in a statement.
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.
Sep 21, 2014 at 16:16 | Source: PTI
An updated version of the existing website of the Income Tax department-- www.incometaxindia.gov.in-- will now be acting as a "single window" for all activities and online services offered by the I-T department, officials said.
Messages on Tax Department »

Rishabhluck
y

Platinum Member

480 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

Rishabhluck
y

Platinum Member

480 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

Web Messenger

Platinum Member

252979 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

lonley

Platinum Member

87 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

lonley

Platinum Member

87 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

lonley

Platinum Member

87 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

subasu

Platinum Member

543 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

Web Messenger

Platinum Member

252979 Followers

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

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

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

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Nov 20, 2014 at 04:32 | Source: BBC
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