Under Section 13A of the Income Tax Act, political parties are exempt from paying Income Tax but are required to file their Income Tax returns annually to the Income Tax Department. They enjoy 100% tax exemption from all sources of income. Political parties registered with the Election Commission
8.49 PM Feb 28th
. But Indian laws are peculiar and I simply can not enter their (REI) office and demand a forensic audit. It will take plenty of time and jhunjhunwalas may or may not produce all the documents I demand and there will be a merry go round involving me company law board registrar of companies courts income tax
9.01 PM Feb 21st
to 5000 only ...and if you have 663000 per day for share market kindly invest in good company`s or bottemed out stocks for minimum 3 years ...so that your all your income will be tax free.. pls tell ur yearly transaction amounts if you trade daily 3000 ??? tax department will screw you...
1.12 PM Feb 21st
to the SC next month. Two PEs were registered to probe the alleged criminal misconduct of public servants and role of private persons with respect to surveys and raids conducted by the Income Tax Department and payment of illegal gratification by private persons to Income Tax officials. CBI’s Chennai
10.22 AM Feb 21st
Source:Economic Times - NEW DELHI: The income tax department has begun prosecution proceedings against some of the 600 entities of Indian origin who have allegedly laundered money through bogus investments in tax havens either in their name or through their front companies. Recently, the member
2.20 PM Feb 20th
Source:Economic Times - LUCKNOW: Income Tax department today carried out raids at 37 premises associated with Uflex Limited in nine cities and claimed to have found bogus sale worth Rs 100 crore alongwith unaccounted cash worth Rs 2 crore. The raids started at 8.30 AM this morning in 37 premises
2.04 PM Feb 20th
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