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Tax Department

Mar 03, 2015 at 16:50 | Source: PTI
A total of 44,07,193 non-filers for assessment year 2013-14 who are expected to file their tax returns by March 31, the closing date for fiscal 2014-15, are on the radar of the I-T department. "Over 44 lakh filers have potential tax liabilities.
Feb 28, 2015 at 16:57 | Source: PTI
In the Budget for 2015-16, Finance Minister Arun Jaitley has proposed raising the tax deduction limit by Rs 10,000 for payment towards health insurance premium.
Feb 26, 2015 at 18:42 | Source: PTI
Earlier this week, the Income Tax Department had surveyed HSBC's Mumbai headquarters in connection with the black money probe. The bank in its annual report published earlier this week had also said that Indian tax authorities had issued summons and request for information to "an HSBC company in India".
Feb 26, 2015 at 11:03 | Source: Moneycontrol.com
All foreign banks in India claim a deduction for expenditure incurred by the head office for various supports such as technology, policies and procedures, etc. The tax department in the past has challenged the claims made by the foreign banks
Feb 24, 2015 at 09:12 | Source: PTI
The latest IT action comes at a time when the tax department is expected to file a complaint against HSBC Bank, Geneva, for allegedly "abetting" tax evasion in India by way of unauthorisedly operating accounts of its citizens in its overseas branch.
Feb 19, 2015 at 20:51 | Source: Moneycontrol.com
The services available on the portal, www.ebiz.gov.in, include those from Corporate Affairs Ministry (MCA), Reserve Bank of India (RBI), Department of Industrial Policy and Promotion (DIPP), Central Board of Direct Taxes (CBDT), Directorate General of Foreign Trade (DGFT) and Employees Provident Fund Organisation (EPFO).
Feb 17, 2015 at 11:00 | Source: SME Mentor
The levy is likely to have a bearing on foreign portfolio fundings in the Indian stock market.
Feb 16, 2015 at 19:46 | Source: PTI
The evidence has been vetted at the senior-most level in the department and the CBDT. The prosecution complaint against the bank would seek punishment under tax laws.
Feb 11, 2015 at 17:29 | Source: IBNLive.com
The AAP has to reply to the notice, which was served to them two days back, by February 16.
Feb 09, 2015 at 16:58 | Source: PTI
Just names do not ensure proper proceedings in the court. It should be rather backed by solid evidence." If evidence is authentic, then only it stands in the court, he said. The official statement said some of the names figure in today's list have already come in the earlier list available with the government.
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

Platinum Member

273632 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

568 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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273632 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 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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