May 21, 2013, 07.29 PM | Source: CNBC-TV18
The income tax dept has set up a compliance management cell to ensure follow-up action, and track returns filed and tax payment of the target segment.
The income tax department has set up a compliance management cell to ensure follow-up action, and track returns filed and tax payment of the target segment.
This month 70,000 letters are being sent in two batches to high priority cases, out of which 35,000 have already been dispatched.
The department had earlier sent 1.05 lakh letters to tax assesses, after which taxes of more than Rs 600 crore were paid as self assessment tax and advance tax by the target segment in last three months.
There is a lot of tax planning that is undertaken
Tax expert Arnav Pandya gives a few examples where
The upcoming Union Budget 2012 is one of the most
Reduce Tax rates. More in-hand savings. Better ro
HeidelbergCement India has reported a sales turnov
Medi-Caps has reported a sales turnover of Rs 6.77