Tax News

I-T dept extends filing deadline for ITR-V forms  

26 Nov 2012, 5.09 pm  |  Source: Moneycontrol.com

The Director General of Income Tax (System) as per powers assigned to it under clause (ii) of Para 14 read with clause (7) of Para 4 of the ‘Central...

Aayakar Sampark Kendra Inaugurated  

03 May 2012, 12.53 pm  |  Source: Moneycontrol.com

The income tax department achieved another milestone in tax payers’ services when Pranab Mukherjee, Finance Minister inaugurated and dedicated the â...

Maha: Tax on raisins, kismis stayed  

02 Apr 2012, 10.00 pm  |  Source: PTI

Maha: Tax on raisins, kismis stayed...

New column in Income Tax forms for declaring foreign assets  

30 Mar 2012, 6.00 pm  |  Source: PTI

In its efforts to check black money stashed in foreign banks, government has introduced a new column seeking details of foreign assets in the Income T...

GAAR: FIIs will flee to Singapore, says HP Ranina   

27 Mar 2012, 4.53 pm  |  Source: CNBC-TV18

HP Ranina, corporate tax lawyer spoke to CNBC-TV18 about the contours of applicability of GAAR....

India signs DTAA with Georgia  

15 Mar 2012, 3.01 pm  |  Source: Moneycontrol.com

The Government of India today signed an Agreement for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Incom...

Double Taxation Avoidance Agreement with Lithuania  

15 Mar 2012, 2.57 pm  |  Source: Moneycontrol.com

The Government of India today signed an Agreement and Protocol for Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to T...

CBDT Publishers Discussion Paper on Tax Accounting Standard  

15 Mar 2012, 2.49 pm  |  Source: Moneycontrol.com

The Central Board of Direct Taxes (CBDT) has made public the discussion paper on accounting standards, to be known as Tax Accounting Standards (TAS), ...

CBDT Press Release on Gross Direct Tax Collections  

15 Mar 2012, 2.29 pm  |  Source: Moneycontrol.com

Gross direct tax collections during the first quarter of the current fiscal (April - June 2011) were up by 23.91 percent at Rs.104,136 crore as agains...

CBDT Press Release on Net Direct Tax Collections  

15 Mar 2012, 2.25 pm  |  Source: Moneycontrol.com

Net direct tax collections during the first two months of the current fiscal (April & May 2011) stood at Rs 12,954 crore, down from Rs 24,878 crore in...

I have sold a house; do I have to pay tax?  

20 Aug 2011, 12.12 pm  |  Source: Moneycontrol.com

ANSWERS to common questions on capital gains tax on your property sale....

Tax calendar   

20 Aug 2011, 12.04 pm  |  Source: Moneycontrol.com

Tax calendar...

I sold shares; do I have to pay tax?  

04 Aug 2011, 3.38 pm  |  Source: Moneycontrol.com

INCOMES such as salary, rent and business income are regular and recurring. However, these do not cover all sources of income....

How TDS works?  

24 Apr 2010, 11.54 am  |  Source: Moneycontrol.com

THE tax season is here. And if you are an employee you can’t blame your employer for deducting large chunks of money from your salary towards tax dedu...

MAT hike to 18% a negative move: Dinesh Kanabar   

26 Feb 2010, 4.22 pm  |  Source: CNBC-TV18

Minimum alternative tax (MAT) has geared up form 15% to 18%. In an interview with CNBC-TV18, Dinesh Kanabar, a Tax Expert, gave his views on it’s effe...

Hike in exemption limits on expected lines: Homi P Ranina  

26 Feb 2010, 2.57 pm  |  Source: CNBC-TV18

Homi P Ranina, Tax Expert, says increase in the exemption limits is on expected lines. According to him, a person earning up to Rs 8 lakh will save Rs...

What is interim budget?  

16 Feb 2009, 11.59 am  |  Source: Moneycontrol.com

YOU'VE heard about it and now it's going to happen. This year, there won't be an annual full length budget but there will be a Vote on Account or Inte...