Kolkata, March 28
The Income Tax Department has made collections worth of ₹25,781 crore from West Bengal, Sikkim and the Andamans till March 26 this year. This is against a target of ₹27,952 crore for the year endi...
March 27, 2014
You need to pay wealth tax if the value of personal assets you own exceeds ₹30 lakh
New Delhi, March 25
New norms will help foreign investors’ decision making
Kochi, March 23
A Central Bureau of Investigation team has caught two income tax officials red-handed while accepting ₹10 lakh as bribe. The team arrested Assistant Commissioners P Jose Kunhippalu a...
New Delhi, March 21
The Income Tax department is set to overhaul its official website for better taxpayer interface and has invited suggestions from the public in order to make the portal more user friendly. »
March 16, 2014
My husband, a pensioner, is not in a position to operate his bank accounts as he is bedridden. He gave his retirement benefit funds to me. Using this amount, I open...
Mumbai, March 12
The All India Gems and Jewellery Trade Federation appealed to the government not to target its members for higher advance tax.
In a letter faxed to Union Finance Minister P Chidambaram, t...
Mumbai, March 11
₹5 crore in cash recovered
March 2, 2014
The bonds offer attractive rates, have high credit ratings
February 28, 2014
NTPC has raised ₹500 crore through tax-free bonds through a private placement basis on February 25 with coupon rates of 8.19 per cent, 8.63 per cent and 8.61 per cent for 10,15 and 20 years...
Patna, March 28
Cricket Team India captain Mahendra Singh Dhoni has paid Rs 20 crore income tax in 2013-14 to retain his pole position as the highest individual tax payer in the Bihar and Jharkhand region, a seni...
March 27, 2014
By forming a Hindu Undivided Family, inherited assets can be made less taxing
New Delhi, March 24
Taxman to make a last-minute sprint »
New Delhi, March 23
In order to weed out the hassle of sending by post a hard copy of e-filed return, the Income-Tax Department has decided to bring in the facility of electronic signatures for taxpayers to endorse t...
Chennai, March 19
Nokia India has said it may opt for manpower reduction at its manufacturing plant in Sriperumbudur near Chennai, due to the prevailing uncertainty over the income-tax dispute following w...
March 14, 2014
Cooperative banks in Goa are agitated over a recent Income Tax Department circular asking them to deduct tax at source (TDS) on interest on fixed deposits above ₹10,000.The circular follows...
Kolkata, Mar 12
Tax collection in West Bengal may fall short of the target by Rs 1,000 crore due to slowdown in certain sectors such as mining and transport, an I-T official said on on Wednesday.
March 9, 2014
I am running a shop. Apart from income from the shop, I earn rental income on a property owned by me. However, I live in a house not owned by me and pay rent for th...
New Delhi, February 27
If you have filed your income tax return electronically for the assessment year 2009-10, 2010-11 and 2011-12 and claimed refund, but are yet to send ITR-V forms to Bangalore, there is good news fo...
New Delhi, Feb 28
Corporate India wants the income tax law to be clarified upfront so that their CSR spend will be eligible for deduction for income tax purposes with effect from April 1 next year. The ne...