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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......

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......

Black money declarants cannot pay tax from undeclared income

A four-month window starting from June 1 has been provided to persons holding undeclared income and assets to come clean by paying a tax of 30% and interest and penalty of another 7.5% each,......

Problems for NRIs remitting salary to India

Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts. Indians who work abroad invest their money back home. In fact, these remittances from......

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......
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Simpler procedure to obtain ration cards soon

The Food and Civil Supplies department is all set to simplify the procedure for obtaining ration cards. It has been decided to bring down the... ...

http://www.deccanherald.com/content/561214/simpler-procedure-obtain-ration-cards.html
Quicko targets 5 lakh Indians for income tax E filing

Quicko, an e-RI (Return Intermediary) registered with the Income Tax (IT) Department today said it is targeting 5 lakh Indians for income tax E... ...

http://www.business-standard.com/article/pti-stories/quicko-targets-5-lakh-indians-for-income-tax-e-filing-116073000898_1.html
Incessant rain lashes Mumbai; heavy showers predicted

(Photo: Representational Image/PTI) Local trains were running late on the Central Railway this morning, inconveniencing daily commuters. Mumbai :... ...

http://www.asianage.com/india/incessant-rain-lashes-mumbai-heavy-showers-predicted-997
Incessant rains lash Mumbai; more coming in the next 24 hours

Incessant rains continued to lash Mumbai city and neighbouring districts on Saturday, throwing normal life out of gear even as weathermen predicted... ...

http://www.rediff.com/news/report/incessant-rains-lash-mumbai-more-coming-in-the-next-24-hours/20160730.htm
Global Monetary Policies Influence Indices

Posted by Equitymaster Global markets closed on a mixed note in the week gone by. Stock indices in Germany (up 1.9%) and France (up 1.3%) were the... ...

http://feeds.equitymaster.com/~r/TodaysMarket/~3/n2gW2gzFCxw/tm.asp

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