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Romita Datta 12:04 AM | November 11,2009
Under section 194LA of the I-T Act, state authorities acquiring “immovable assets” such as land and homes are to deduct 10% of the compensation as tax, if the amount paid to a person is more than Rs1 lakh
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PTI 04:29 PM | November 05,2009
Corporate tax collections grew by 4.59% to Rs1,09,996 crore in April-October
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PTI 11:58 PM | October 11,2009
Sources in the income tax department said IPL will fetch revenue under the TDS category as the I-T department feels the tournament, played in South Africa, was conducted by the BCCI which is registered in India
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PTI 07:20 PM | September 30,2009
The new tax norms would come into effect from 1 October, the CBDT said
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Khushboo Narayan 11:35 PM | September 20,2009
I-T department sends out incorrect tax demands after error in matching TDS with returns filed in March
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Ruhi Tewari 01:15 AM | September 01,2009
The division would also examine reports filed by election observers on poll expenditure during the campaign period
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Lawfully Yours | AZB and Partners 12:18 AM | August 03,2009
Transfer pricing rules under Indian income-tax law require that income from “international transactions” between “associated enterprises” be computed at an “arm’s length price”
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Utpal Bhaskar and Sanjiv Shankaran 11:21 PM | July 01,2009
Dehradun is home to Oil and Natural Gas Corp, India’s largest oil and gas explorer and the nation’s highest taxpayer at the end of 2008-09
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Taxation Economics | Ganesh Raj 11:17 PM | June 25,2009
Minimum Alternate Tax dampen growth initiatives by the corporate sector
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Taxation Economics | Ganesh Raj 11:15 PM | June 25,2009
The biggest dichotomy of the income tax administration in context of personal taxation creeps from the fact that all the tax compliances from tax return filing to tax assessments are almost same
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Anupama Chandrasekaran 11:28 PM | June 19,2009
The funds from such sales provided valuable financing for emergencies as well as for lesser-known causes embraced by such conservation groups
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C.H. Unnikrishnan and Khushboo Narayan 12:57 AM | May 04,2009
A spokesperson for CBDT said action will be taken against entities that violate the rule relating to tax exemptions, but declined to comment on any specific cases
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PTI 10:33 PM | April 19,2009
An order for special audit of the accounts of Satyam is likely to be passed within a week, a tax official said
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Ground Rules | Ketan Dalal and Manish Desai 11:35 PM | April 05,2009
The official stand can create confusion; CBDT should come out with a circular on imposition of penalties
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12:57 AM | March 25,2009
An official of the CBDT said direct tax collection of Rs3.12 trillion as of 17 March includes Rs18,000 crore recovered from regular payers and corporate assesses
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