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Tax Department

Apr 18, 2015 at 10:57 | Source: PTI
In a fresh crackdown on suspected tax evasion and laundering of black money through stock markets, regulator SEBI on Friday barred Mishka Finance and Trading Ltd and 128 other entities from the securities market.
Apr 17, 2015 at 18:45 | Source: CNBC-TV18
Taxpayers will have to disclose all bank accounts held by them in the country and instances of foreign travel to the Income Tax department while filing their returns for the assessment year 2015-16
Apr 17, 2015 at 10:36 | Source: CNBC-TV18
Rajesh Simhan, head - international tax at Nishith Desai says as things stand, the matter is already with the Supreme Court and a number of rulings prior to this are in favour of the tax payer.
Apr 16, 2015 at 18:13 | Source: CNBC-TV18
The Delhi High Court has begun hearing the Rs 20,000 crore tax battle between Cairn India and the tax department. The taxman is alleging that Cairn India did not pay capital gains tax when shares changed hands in the financial year 2007.
Apr 15, 2015 at 17:24 | Source: CNBC-TV18
The Income Tax Department had earlier challenged the Gujarat High Court approved demerger in the Supreme Court. The IT Department claimed loss of capital gains tax of Rs 3,500 crore and stamp duties of Rs 600 crore.
Apr 10, 2015 at 12:36 | Source: PTI
The court also stayed till May 25 proceedings before trial court against Subrata Roy, others, accused of not filing returns for a group company for 2013-14 assessment year.
Apr 06, 2015 at 22:04 | Source: PTI
The department has so far collected Rs 6,85,972 crore during the year gone by against the projected target of Rs 7,05,000 crore for fiscal 2015, thus falling short of Rs 19,028 crore as per the data internally released by the Department on April 4, a senior IT official told PTI here today.
Apr 06, 2015 at 09:20 | Source: PTI
The FIIs have, however, decided to challenge the tax demands, stating that MAT cannot be levied on FIIs or FPIs as they do not earn any 'business income' in India and their income is defined as 'capital gains' under the I-T Act.
Apr 04, 2015 at 13:50 | Source: Reuters
US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.
Mar 31, 2015 at 18:13 | Source: PTI
Keeping in view of the sluggish rise in collection, the government had revised downwards its target at Rs 7,05,000 crore for the current fiscal, after initially having budgeted Rs 7,36,000 crore in the direct tax mop-up.
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

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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

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

577 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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