Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Income Tax

Now, Vodafone takes on I-T dept over transfer pricing
Posted Date : 01-Feb-2012 , 08:35:32 am | Posted By CASANSAAR

Encouraged by the recent Supreme Court order in its favour, Vodafone Plc is taking on the income tax department, yet again.   The British telecom major yesterday moved the dispute resolution panel, seeking relief from an order sent by the I-T department in December. The draft transfer ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 504

RBI to issue 500 note with rupee symbol
Posted Date : 31-Jan-2012 , 05:46:52 pm | Posted By CASANSAAR

The Reserve Bank of India, RBI will soon issue 500 rupees denomination bank-notes incorporating new rupee symbol without inset letter.According to the RBI release, the new notes will bear the signature of RBI Governor D Subbaro and the year of printing 2011 printed on the back of the bank note.The d...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 533

Record errors: Taxpayers face harassment, tax demand
Posted Date : 31-Jan-2012 , 07:47:24 am | Posted By CASANSAAR

Despite settling his income tax (I-T) demand and getting a refund against it for the assessment year 2003-04, Delhi’s GD Saraswat (name changed) received another fresh tax notice of Rs 96,286 the following year. After resolving it as well, he received yet another notice in December 2011 for ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 296

Vodafone effect: Taxmen to seek Supreme Court advice on foreign bank accounts of Indians
Posted Date : 30-Jan-2012 , 08:27:05 am | Posted By CASANSAAR

Tax authorities and the finance ministry are contemplating moving the Supreme Court to figure out how they should go about handling information on undisclosed offshore bank accounts of Indians. With the tax office receiving information on thousands of such accounts, the government is in favour of...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 303

Direct Tax Code set for debut only in 2013
Posted Date : 29-Jan-2012 , 07:50:07 am | Posted By CASANSAAR

The bill, which seeks to replace the archaic Income Tax Act, 1961, was tabled in Parliament way back in 2010 and has already missed two deadlines. The bill aims at reducing tax rates by expanding the tax base and minimising exemptions.“We will be able to submit our report only by the budget se...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 374

Aayakar Seva Kendra to make I-T filing easy
Posted Date : 28-Jan-2012 , 06:44:11 pm | Posted By CASANSAAR

Tax payers will no longer be facing hard times when it comes to paying tax or filing returns as the newAayakar Seva Kendra (ASK) has come into place to help them out. The I-T department launched this multifaceted mechanism to achieve 100% tax collection by helping people ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 366

India Signs Multilateral Convention on Mutual Administrative Assistance in Tax Matters
Posted Date : 27-Jan-2012 , 06:37:45 pm | Posted By CASANSAAR

India has signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The Convention was signed by Shri Sanjay Kumar Mishra, Joint Secretary, Foreign Tax & Tax Research Division, Department of Revenue, Ministry of Finance, Government of India in the presence of Deputy Se...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 192

IRFC tax-free bonds issue to open on Friday
Posted Date : 27-Jan-2012 , 07:59:46 am | Posted By CASANSAAR

Indian Railway Finance Corporation Limited (IRFC), the financing arm of the Indian Railways, is proposing to issue Tax Free, Secured, Redeemable, Non-Convertible Bonds of face value of RS 1,000 each in the nature of Debentures.They will have benefits under the Income Tax Act, 1961 and aggregate to R...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 349

Budget 2012 may include DTC norms to avoid Vodafone like disputes
Posted Date : 26-Jan-2012 , 09:09:23 am | Posted By CASANSAAR

To avoid disputes like the Vodafone tax case in future, government is contemplating incorporation of provisions on taxation of overseas deals from the stalled Direct Taxes Code (DTC) Bill in the Budget for 2012-13. "The Direct Taxes Code Bill contains a proposal to tax similar transactions... We...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 259

Law Ministry seeks more information in ITAT case
Posted Date : 24-Jan-2012 , 08:18:25 am | Posted By CASANSAAR

The Law Ministry is in the process of seeking more information from CBI and other agencies to take a final call on the investigative agency's request seeking sanction to prosecute 20 members of IT tribunal for their alleged role in outsourcing writing of judgements to private individuals to favo...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 230

Vodafone tax case: CBDT constitutes committee to study SC order
Posted Date : 23-Jan-2012 , 08:37:38 am | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT) has constituted a "core committee" of officials to study today's Supreme Court judgement on the Vodafone taxation case.   "The 10-member committee will go through the 275-page order of the Supreme ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 324

Essar may seek $883m tax refund in Vodafone deal
Posted Date : 21-Jan-2012 , 08:28:52 pm | Posted By CASANSAAR

Essar is likely to seek refund of $883 million, the amount deducted as withholding tax related to 22 per cent stake sale by its Mauritius entities in Vodafone Essar, from the I-T department, a day after Vodafone got relief with regard to Rs 11,000 crore tax demand. Essar is planning to seek a $88...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 323

SC to pronounce its judgement on Vodafone tax dispute today
Posted Date : 20-Jan-2012 , 08:10:39 am | Posted By CASANSAAR

The Supreme Court will on Friday pronounce its judgement on Vodafone International Holdings' appeal challenging the income tax demand of Rs 11,000 crore on the overseas deal between Vodafone and Hutchison. Vodafone had moved the apex court challenging the Bombay High Court judgement of September ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 311

Government may make declaring of overseas assets details mandatory by taxpayers
Posted Date : 19-Jan-2012 , 08:26:34 am | Posted By CASANSAAR

The government may make it mandatory for all taxpayers to provide details of their overseas assets, including bank accounts, while filing their annual tax returns, as the drive against tax evasion gains momentum. The proposed Direct Tax Code, or DTC, has a provision that seeks to cast an obligat...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 299

I-T department slaps Rs 1,067-cr tax notice on Bharti Airtel
Posted Date : 19-Jan-2012 , 08:16:48 am | Posted By CASANSAAR

The income-tax department has slapped a 1,067-crore demand notice on Bharti Airtel, the country's largest telco by revenues and customers, for its alleged non-payment of Tax Deducted at Source (TDS) dues in the last four financial years in relation to its overseas operations. Bharti Airtel said ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 303

Income Tax Department Directed to Launch Special Drive for Verifying High Value Transactions
Posted Date : 18-Jan-2012 , 09:26:45 pm | Posted By CASANSAAR

The Central Board of Direct Taxes has directed the Income Tax department to launch a special drive, from 20th January to 20th March 2012, for verifying high value transactions (investments / deposits / expenditure) from persons who are not assessed to income tax or who have not furnished their PAN w...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 444

Laxman Das appointed CBDT Member (Revenue)
Posted Date : 18-Jan-2012 , 09:13:47 am | Posted By CASANSAAR

Senior IRS officer Laxman Das has been appointed as the new Member (Revenue) in the Central Board of Direct Taxes (CBDT). Mr Das is a 1974-batch Indian Revenue Service (IRS) officer and has held senior positions like that of Chief Commissioner (Income-Tax) in the past. The portfolio was till now...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 393

Essar Oil loses deferred tax payment incentive, faces Rs 6,300 crore burden
Posted Date : 18-Jan-2012 , 09:12:25 am | Posted By CASANSAAR

Essar Oil would have to quickly deposit sales tax of Rs 6,300 crore to the Gujarat government, as the Supreme Court has rejected the company's contention that it was entitled to make deferred payment of tax on sales from its Vadinar refinery in the state. The Gujarat government had argued that E...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 241

Profits from offshore supply of IT equipment not taxable: court
Posted Date : 17-Jan-2012 , 08:44:22 am | Posted By CASANSAAR

A recent verdict by the Delhi high court might set a precedent on the taxation of equipment that comprise hardware and software. In a case between Swedish telecom equipment maker Ericsson and the department of income tax, the court held that profits from offshore supply of equipment comprising har...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 378

Govt asks I-T officials to file IPRs by month-end
Posted Date : 16-Jan-2012 , 08:26:39 am | Posted By CASANSAAR

After IAS and IPS officers, the government has now turned its heat on Indian Revenue Service (Income Tax) officers asking them to mandatorily furnish their immovable property returns by this month-end failing which they would be denied promotions. Citing a Department of Personnel and Training (DoPT)...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 245

Government to put stress on direct tax collection
Posted Date : 13-Jan-2012 , 09:45:49 pm | Posted By CASANSAAR

Finance Minister Pranab Mukherjee today said stress has to be put on direct tax collection as part of the country's revenue generation exercise. While the amount of direct tax collected last year was Rs 5,96,000 crore, the indirect tax collection was Rs 3,76,000 crore, the minister said. In...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 191

Know Your Income Tax Refund Status online
Posted Date : 13-Jan-2012 , 08:23:35 am | Posted By CASANSAAR

  The Centralised Processing Centre of the income tax Department here has processed over 26 lakh e-filed returns in Forms 1-4 for the assessment year 2009-10. It has determined refunds in over five lakh cases. A release said refunds are being sent through State Bank of...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1221

IT to pull up directors of 'defunct' companies‎
Posted Date : 12-Jan-2012 , 08:49:33 am | Posted By CASANSAAR

Directors who frequently change the names and addresses of companies in order to evade tax will now become answerable for their actions. The income tax department is identifying directors of such companies, and will make them pay up the tax dues even if they are not attached to the company any mor...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 352

CBI files charge sheet against the then ITAT member
Posted Date : 12-Jan-2012 , 08:40:00 am | Posted By CASANSAAR

CBI has filed a charge sheet before a Kolkata special court against a former member of Income Tax Appellate Tribunal for allegedly colluding with the owners of an accounting firm to deliver favourable orders to its client in lieu of illegal gratification.   ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 459

Black Money: India to knock at Swiss door for details in HSBC Geneva accounts
Posted Date : 12-Jan-2012 , 08:30:06 am | Posted By CASANSAAR

India will request Switzerland to provide details of all undisclosed accounts held by Indian nationals in HSBC, Geneva, as the investigation into tax evasion by rich Indian nationals becomes bigger. If the Swiss authorities indeed cooperate with India on this, tax authorities here will be able to...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 254

Firm fixed Income Tax tribunal for getting favourable orders passed: CBI
Posted Date : 11-Jan-2012 , 08:03:08 am | Posted By CASANSAAR

The Central Bureau of Investigation (CBI) all set to file chargesheet against a judge of an Income Tax tribunal for colluding to pass favourable orders for a Chartered Accountants firm's clients. The CBI is said to have collected evidence that a member of the Income Tax Apellate Tribunal (ITAT) c...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 626

Black money: I-T dept wants signed undertaking
Posted Date : 09-Jan-2012 , 08:52:24 am | Posted By CASANSAAR

In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the CBDT has ordered the I-T department to obtain a signed undertaking from any government entity or department who demands the data for their own probe. The Central...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 277

Delhi Businessman discloses Rs 73 cr black money stashed abroad
Posted Date : 08-Jan-2012 , 07:57:35 am | Posted By CASANSAAR

In the biggest ever disclosure of black money stashed abroad, a Delhi-based businessman has disclosed and surrendered Rs 73 crores to the Income Tax department and also gave holding details of lockers in Swiss banks and the US. The disclosure by the ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 283

ED approaches IT dept over secret LGT bank accounts
Posted Date : 06-Jan-2012 , 08:25:18 am | Posted By CASANSAAR

Stepping up its offensive against Indians whose names figured in secret LGT Bank accounts abroad, the Enforcement Directorate (ED) has approached the Income Tax department to provide it with I-T returns and other financial statements of these entities.   Th...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 230

Income Tax Arrear Letter from CPC Bangalore just a communication of demand not a demand notice
Posted Date : 05-Jan-2012 , 09:46:51 pm | Posted By CASANSAAR

It has been reported in some sections of the press that the Central Processing Centre , Bangalore  is sending notices for  payment of taxes which are as small as Rs. 1/- , 4/- ,  6/-, causing unnecessary hardship to as...

Continue Reading...

Category : Income Tax | Comments : 1 | Hits : 2220

News By Categories

More Categories

Search News

 
 
 

Fresh Income tax news only on casansaar covering details for  Income tax return,efiling, calculator,refund, income tax slab,forms,rates  etc in india 

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.