Tax Department

Feb 14, 2016 at 13:26 | Source: PTI
Aimed at further arming the taxmanto go after those who do not file their Income Tax Returns(ITRs), a new database of multiple addresses of such erringassessees has been set up by the department.
Feb 11, 2016 at 09:10 | Source: PTI
It has collected the list of traders who are paying VAT and have got themselves registered under Bombay Shops and Establishment Act, but have still not filed I-T returns.
Feb 11, 2016 at 09:10 | Source: PTI
With the region accounting for about one-third of the government's total tax revenue collection, the Department is "trying its best" to collect the dues from Mumbai-based foreign firms before end of this fiscal, that is March 31.
Feb 10, 2016 at 07:36 | Source: PTI
In his budgetary proposals running into 170 pages, Obama said the Department of Defence continues to develop its India ties through Defence Technology and Trade Initiative, Joint Working Group on Aircraft Carrier Technology Cooperation, and Jet Engine Technology Joint Working Group.
Feb 09, 2016 at 11:24 | Source: Moneycontrol.com
Seeking to promote ease of doing business, the tax department has permitted duty-free import of goods, including gems and jewellery, for display at exhibitions provided they are exported within six months.
Feb 06, 2016 at 16:48 | Source: PTI
Felicitating the awardees, SS Yadav, Commissioner, Trade and Taxes, said, "The introduction of the awards has enthused the officers and staff of the Department to work with greater zeal to achieve the target set by the Government."
Feb 05, 2016 at 13:04 | Source: PTI
The Income-Tax Department has issued detailed guidelines for using electronic communication, or emails, for paperless assessment proceedings.
Feb 01, 2016 at 14:42 | Source: PTI
The guidelines would help further streamline the process of refunds. Between mid-April and January, the Income Tax department has issued a record Rs 65,000 crore worth refunds.
Jan 29, 2016 at 19:05 | Source: PTI
Businessman Praveen Sawhney, aSwiss bank account holder, has been summoned as accused by aDelhi court in an alleged tax evasion case against him filedby the Income Tax Department.
Jan 25, 2016 at 19:38 | Source: PTI
The new e-filing system, operationalised last year, allows online verification of a person's ITR (Income Tax Return), thereby ending the practice of sending paper acknowledgment to the Centralised Processing Centre (CPC) of the IT department located in Bengaluru.
Messages on Tax Department »

Rishabhluck
y

Platinum Member

472 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

472 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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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

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95 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

95 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

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95 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

656 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

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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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