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SC allows IT-dept to reopen tax case against Big B

In a setback to megastar Amitabh Bachchan, the Supreme Court on Wednesday allowed the Income Tax department to reopen a tax case against him pertaining to his income for the assessment year......

VVIP chopper scam: ED seeks assets details from MoD, income tax department

In an attempt to crack the suspect name codes and the alleged kickbacks paid in the VVIP choppers deal, the Enforcement Directorate has sought information from the defence ministry, Income Tax......

Chidambaram slams government's 'malicious onslaught' as firm linked to son is searched

Officials of the Income Tax department and the Enforcement Directorate on Tuesday conducted searches at “some places” of business associates connected with Congress leader Karti......

I-T returns: Top 1% earned 18 per cent of income

Middle class constituted about 49 per cent of the total tax payees in financial year 2011-12 The top 1 per cent of earning individuals who filed tax returns earned about 18 per cent of the total......

Govt extends last date for filing tax returns to Aug 5

Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. The last date for filing income-tax returns has been extended to August 5. Tax returns for 2015-16......

Didn't quote PAN with big transactions? Here's help!

Remember, the onus is on you to prove that income has been declared and tax has been paid With the Income-Tax Department planning to issue 700,000 letters to individuals who have done high-value......

5 common tax filing mistakes

It is very important to maintain your tax record even if you are not in the taxable income bracket as tax return papers are required when applying for a loan Only a few days are left before the tax......

Black money menace: Taxman targets 1 lakh high-value transactions

In the first tranche, CBDT to issue letters to those spending Rs 1 crore (Rs 10 million) a year The Income Tax department has zeroed in on 900,000 high-value spenders and plans to confront them......

IT department raids Sajid Nadiadwala's home, office

Producer Sajid Nadiadwala’s home and office in Mumbai were raided by the Income Tax department on the morning of December 8. The raid is expected to continue till Wednesday. According to......

Is this Tamil actor the next Rajinikanth?

Tamil superstar Vijay was far from rattled by the income tax raids that were carried out on his premises ahead of the release of his new film Puli. If reports are to be believed, it was 'jealous......

BCCI paid Rs 50 crore as income tax last month

IMAGE: BCCI president Shashank Manohar, left, with secretary Anurag Thakur. Photograph: PTI. The Indian Cricket Board (BCCI) paid a whopping Rs 50 crore as income tax for the year 2013-14, its......
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  Web results for Income Tax
Rs 65,000 cr and counting

Till 11 pm, the pan-India declarations had exceeded Rs 65,000 cr, implying a tax amount or earning of Rs 30,000 cr for the govt ...

http://www.business-standard.com/article/economy-policy/income-declaration-scheme-rs-65-000-cr-and-counting-116093001207_1.html
Gas price cut by 18%, to hit upstream oil&gas firms

The government has slashed natural gas price by 18 per cent to $2.5 per million British thermal unit (mmBtu) for October-March period, a move that... ...

http://www.mydigitalfc.com/petroleum/gas-price-cut-18-hit-upstream-oilgas-firms-207
NON RESIDENT TDS LIABILITY

When we enter agreement with non-residents, in most of the cases we are doing grossing up which in turn is increasing our cost, as no PAN is being... ...

http://www.caclubindia.com/forum/non-resident-tds-liability-372979.asp
Cooler Canadian housing sector starts to drag on growth

By | OTTAWA, Sept 30 OTTAWA, Sept 30 Canadian economic growth got a big boost from oil production in July, but a slowdown in construction was... ...

http://in.reuters.com/article/canada-economy-housing-idINL2N1C60VQ
ED questions Himachal CM Virbhadra Singh's son

NEW DELHI: Himachal Pradesh chief minister Virbhadra Singh's son, Vikramaditya, was questioned by the Enforcement Directorate officials for more... ...

http://timesofindia.indiatimes.com/india/Money-laundering-case-ED-questions-Himachal-CM-Virbhadra-Singhs-son/articleshow/54614584.cms

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