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Tax Department

Apr 17, 2014 at 21:46 | Source: PTI
Nokia, which is involved in tax disputes with both the Income Tax department and the state government, earlier this month announced the VRS, saying it was part of its regular review of its manufacturing strategy to optimise and ensure smooth and timely delivery of its products.
Apr 16, 2014 at 18:37 | Source: PTI
The I-T Department had earlier this year restrained Cairn from selling the stake over alleged tax evasion on Rs 24,500 crore of capital gains made when it transfered its India assets to a new company, Cairn India, in 2006-07
Apr 16, 2014 at 16:56 | Source: Moneycontrol.com
The provision clearly states that if TDS return is filed late, then under section 234E late fees of Rs 200 per day will have to be deposited before filing TDS / TCS return. Thus, once TDS statement has been accepted without late fee, and then such late fee cannot be recovered later on.
Apr 16, 2014 at 15:28 | Source: PTI
The Central Board of Direct Taxes, sources said, has received a report from the poll body citing delay in the filing of expenditure reports by few political parties as it sought action by the department under the I-T laws.
Apr 11, 2014 at 22:10 | Source: CNBC-TV18
In a hearing, the additional Solicitor General had said that Vodafone infact tried to suppress facts at the time of the main hearing in the Supreme Court and this is tantamount to a fraud.
Apr 07, 2014 at 17:02 | Source: PTI
"So far PNs issued by the FIIs to overseas investors were not taxed by the Income Tax department. But after deliberations in the finance department, the PN holders may be taxed in the next budget", Shome said at an interaction organised by ICAI here today.
Apr 03, 2014 at 18:35 | Source: CNBC-TV18
Vodafone India has spent the last 18 months coming up with a defence in its transfer pricing battle but this defence may be wiped away by the DRP. This copy of the DRP order, available exclusively with CNBC-TV18, pokes holes in Vodafones argument that share capital cannot be viewed as taxable income by the IT department.
Apr 03, 2014 at 09:27 | Source: Moneycontrol.com
MTNL has received income tax refund from Income Tax Department for the Assessment Year 2007-08 and 2009-10 which were earlier adjusted from the refund of Assessment Year 2006-07.
Mar 30, 2014 at 15:38 | Source: PTI
Seeking to reduce litigations and promote foreign investments, the Income Tax department has signed Advance Pricing Agreements with 5 multinational firms and plans to enter into more such pacts.
Mar 27, 2014 at 12:36 | Source: Moneycontrol.com
Government of India, Ministry of Finance, Department of Revenue, CBDT has authorized IFCI to issue during Financial Year 2013-14, tax free, secured, redeemable, non-convertible bonds upto to Rs 430 crore, as per the terms and conditions of the notification referred to above.
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Cairn India  

Source:Calcutta Telegraph News - New Delhi, April 16 (PTI): Undeterred by the income tax department’s restrictions, Cairn Energy Plc has sought fresh approval from shareholders to sell its 9.65 per cent stake in Cairn India when such curbs are lifted. In January, the income tax department had

12.04 PM Apr 17th

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Ashco Niulab  

MUMBAI: The service tax department on Thursday arrested Ashok Kotwani, managing director of Ashco Niulab Industries Ltd, for Rs 4.64 crore evasion from April 2007-September 2013. The company, which provides clinical testing and trial services for newly developed drugs and vaccines on human trial

2.26 PM Apr 13th

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Indian indices  

. "So far PNs issued by the FIIs to overseas investors were not taxed by the Income Tax department. But after deliberations in the finance department, the PN holders may be taxed in the next budget", Shome said at an interaction organised by ICAI here today. (07-April-2014).

1.10 PM Apr 11th

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Corporate  

Source:Economic Times - NEW DELHI: The tax department received 232 applications from MNCs in 2013-14, up 60 per cent year-on- year, to obtain advance ruling over pricing arrangement for transactions within group firms and the ensuing tax liability. In 2012-13, 146 companies had applied for Advance

4.24 PM Apr 9th

health2010

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Fortis Health  

income tax department should raid fortis premises , they are showing less income to save tax .

12.07 PM Apr 3rd

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Hatsun Agro  

The company has got a clean report from Income Tax department - My target for Hatsun Agro is Rs 400 for the short term with a stoploss of Rs 250

3.40 PM Apr 2nd

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High taxes  

Source:NDTV Profit - For filing income tax returns online, a paper copy of the Income Tax Return Verification (ITRV) form should only be sent through "speed post" to the Central Processing Centre (CPC) of the Income Tax Department in Bengaluru, according to a senior official.

5.25 PM Mar 31st

Everonn Edu  

Everonn may face prosecution initiated by income tax and service tax departments.

1.13 PM Mar 28th

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Kothari Sugars  

Kothari Sugars And Chemicals Limited has informed the Exchange that the Companys appeal relating to Sales Tax Department of Tamilnadu pending before BIFR / AAIFR has been disposed off.

3.51 PM Mar 27th

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Tax Planning & Help  

Source:Calcutta Telegraph News - New Delhi, March 26 (PTI): The Tax Administration Reform Commission (TARC), set up by the finance ministry to suggest measures to prevent economic offences among other things, will soon look into the amalgamation of direct tax and indirect tax departments. “In

1.44 PM Mar 27th

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