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Laptops for students, Dalit deputy CM: AAP's promises in Punjab's poll manifesto

The Aam Aadmi Party on Friday released a populist manifesto for Punjab, promising laptop for all government school students, waiver on residential property tax, setting up of an NRI board, 33......

Justice Khehar makes history

Justice Jagdish Singh Khehar is the first Sikh Chief Justice of India.Sayan Ghosal reports. January 4 marks a historic day for the nation, as the President swore in the 44th Chief Justice of the......

Govt wisens up, plugs holes in 2nd black money scheme

The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme. Illustration: Uttam Ghosh/Rediff.com. Unlike......

The real story behind delayed tax refunds

Prompt refunds have been made for small amounts. For larger amounts, time has been sought till March 2018 On March 30, 2016, the income-tax (I-T) office reportedly raised an incorrect demand of Rs......

I-T refunds worth Rs 1.22 lakh cr issued in FY'16

In 2015-16, more than 94 per cent of income tax returns were filed online and 4.14 crore returns were processed by the Central Processing Centre. The Income Tax department has issued 2.10 crore......

How to handle tax notice under Section 245

If the refund is wrongly adjusted against any past tax liability, immediately clarify it online Even if an individual has diligently filed returns and declared everything, the first thing that a......

Income Tax refunds to be sent to taxpayers in 7-10 days

In what could be a good news for lakhs of taxpayers, the Income Tax Department will now process and send refunds in a short time of 7-10 days as its latest technology upgrade of electronic and......
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Records of goods lost, stolen, gifted a must under GST draft rules

This will add to the compliance burden of the industry Entities will have to keep records of goods lost, stolen, destroyed and given as gifts or... ...

http://www.rediff.com/money/report/gst-records-of-goods-lost-stolen-gifted-a-must-under-gst-draft-rules/20170421.htm
SC orders auction of Sahara’s Aamby Valley to pay back investors

The Supreme Court has been forced to take drastic steps after Sahara Group chairman Subrata Roy failed to deposit Rs 5,092 crore to the Indian... ...

http://www.catchnews.com/business-economy-news/taken-for-a-ride-sc-orders-auction-of-sahara-s-aamby-valley-to-pay-back-investors-58003.html
Cuban man set to plead guilty in IRS tax return scam

A Cuban national is set to plead guilty to charges he conspired to file 900 phony federal tax returns seeking USD 2.2 million in refunds by using... ...

http://www.business-standard.com/article/pti-stories/cuban-man-set-to-plead-guilty-in-irs-tax-return-scam-117041700708_1.html
U.S. retail sales, inflation data highlight weak first-quarter growth

By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time... ...

http://www.sify.com/finance/us-retail-sales-inflation-data-highlight-weak-first-quarter-growth-news-economy-reotejdbcdgbf.html
I-T CPC in Bengaluru gets new pin code for taxpayers benefit

Taxpayers wanting to send their paper ITR acknowledgement forms or documents related to refunds and others to the I-T department's CPC in Bengaluru... ...

http://www.business-standard.com/article/pti-stories/i-t-cpc-in-bengaluru-gets-new-pin-code-for-taxpayers-benefit-117041300676_1.html

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