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Tax Department

Aug 22, 2014 at 18:41 | Source: CNBC-TV18
CBDT chairman KV Chowdary said the department is aiming to recover the tax and a penalty might be imposed as well.
Aug 22, 2014 at 17:44 | Source: PTI
KV Chowdary, Chairman of CBDT said the net income tax collection during the first four months stood at over Rs 1.51 lakh crore after accounting refunds of nearly Rs 54,000 crore
Aug 13, 2014 at 19:00 | Source: CNBC-TV18
Currently, under the Department of Industrial Policy and Promotion (DIPP) there is a portal known as the eBiz portal through which one can get just two clearances online
Aug 06, 2014 at 16:30 | Source: CNBC-TV18
Investigating tax agencies include the Sales Tax, Income Tax and Excise Departments were investigating this for the past two years. The Finance Ministrys Central Economic Intelligence Bureau is expected to submit its report by September.
Jul 25, 2014 at 16:08 | Source: CNBC-TV18
The formation of a high-level committee was announced by Finance Minister Arun Jaitley in the Union Budget and would come in with a mandate to, among other things, sort through the retrospective taxation issue that came up during the tenure of the previous UPA government.
Jul 21, 2014 at 12:26 | Source: PTI
The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. During 2013-14, tax collection fell short of target by a whopping Rs 77,000 crore.
Jul 17, 2014 at 11:08 | Source: Moneycontrol.com
In 5,327 surveys conducted in FY14, the I-T department has unearthed undisclosed income worth Rs 10,791.63 crore and unreported income of Rs 90,390.71 crore, official data suggests.
Jul 16, 2014 at 17:09 | Source: CNBC-TV18
I-T Dept that had the access to PwC report has decided to reopen the assessments for MCX for the last 6-years and will send notices to the company soon.
Jul 15, 2014 at 20:12 | Source: PTI
"What we are pleading to the court is that whatever money bankers will get from the sale of shares and properties of the airline, we should also be given our dues," Services Tax Commissioner Sushil Solanki said.
Jul 14, 2014 at 14:39 | Source: CNBC-TV18
The tax department is concerned over Rs 1500 crore repayable to Sesa Sterlite on the date of approval, which is the point of contention. There is confusion whether the date of approval is the date at which the agreement was formalized or the date at which it was approved by Bombay HC
Messages on Tax Department »

Rishabhluck
y

Platinum Member

474 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

474 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

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235838 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

74 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

74 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

74 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

520 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

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235838 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

9 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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