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Tax Department

Jan 21, 2015 at 20:22 | Source: CNBC-TV18
The Supreme Court Wednesday heard the IT department's plea opposing the merger of Vodafone's tower assets in 2012. The taxman argues that the telecom company demerged its tower assets in Indus Tower to avoid paying tax.
Jan 19, 2015 at 19:36 | Source: CNBC-TV18
The taxman argued that Sesa Sterlite, after the merger, had sought tax refund of Rs 1600 crore citing combined losses of the merged entity. The SC will hear the matter for final disposal on April 28.
Dec 30, 2014 at 18:54 | Source: CNBC-TV18
The transfer pricing department is yet to make adjustments on share issuances by Vodafone India services to Vodafone Teleservices Mauritius for assessment year 2011 and 2012.
Dec 19, 2014 at 22:04 | Source: PTI
While Sebi would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial Intelligence Unit, among other agencies, for necessary actions on their part.
Dec 16, 2014 at 13:37 | Source: CNBC-TV18
Prime Property brings you a shocking story of a former Chief Engineer with the Noida Authority -- the Income Tax department recovered diamonds worth Rs 100 crore, two kilograms of gold and Rs 10 crore in cash from his residence.
Dec 13, 2014 at 12:30 | Source: IBNLive.com
The tax department and other agencies including Enforcement Directorate are probing cases involving unaccounted wealth totalling Rs 14,957.95 crore within India.
Dec 12, 2014 at 01:54 | Source: PTI
The Public Accounts Committee said taxes over Rs 4.08 lakh crore were uncollected in FY 2012 and in FY 2013 the amount was Rs 4.86 lakh crore.
Dec 10, 2014 at 16:00 | Source: CNBC-TV18
This transfer pricing dispute arose from transactions involving Vodafone in 2007-08. The I-T department had red flagged the sale of call centre business to Hutchison Whampoa Properties India and the assignment of Call Options.
Dec 09, 2014 at 20:13 | Source: PTI
The Revenue Department has imposed service tax on all radio taxi service providers from October 1.
Dec 03, 2014 at 09:16 | Source: PTI
Highlighting that there is no instrument at present thatcaptures details of cash withdrawals from bank accounts, itsaid such information would help the I-T department widen itsinformation base on the use of black money
Messages on Tax Department »

Rishabhluck
y

Platinum Member

478 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

478 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

265336 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

90 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

90 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

90 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

562 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

Platinum Member

265336 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