Income Tax dept call Center to Solve taxpayers queries related to Refund, ITR V Status etc
Posted Date : 15-Mar-2011 , 11:31:51 am | Posted By CASANSAAR
Call Center To assist taxpayers a call center with 20 agents provides customer service and support for resolution of taxpayers queries. It provides information and updates on the following:
1. Status of receipt of ITR-V at CPC
2. Processing status...
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Income Tax |
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FM announces incentives for investment in education, health
Posted Date : 15-Mar-2011 , 11:30:02 am | Posted By CASANSAAR
Finance Minister Pranab Mukherjee today made a slew of announcements, including to bring investments in education and health segments under the infrastructure sector and special grants for women self-help groups and fishermen.
Replying to the discussion on the ...
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Income Tax |
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Net Direct Tax Collections during April-February-2011 Increase to Rs. 3,36,177 Crore, up by 20.75 %
Posted Date : 14-Mar-2011 , 09:33:14 pm | Posted By CASANSAAR
Net direct tax collections during the period April-February 2011 stood at Rs.3,36,177 crore, up from Rs.2,78,411 crore in the same period during last fiscal, The collections thereby registered a growth of 20.75 percent.
Growth in Corporate Income Tax during thi...
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Income Tax |
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I-T Dept keeping close watch on realty sector
Posted Date : 14-Mar-2011 , 09:31:00 pm | Posted By CASANSAAR
Suspecting the use of black money to finance deals in the country's booming real estate sector, the Income Tax Department is keeping close tabs on the sources of funding for developers' lucrative projects.
"The focus of the Income Tax Department is...
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Income Tax |
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IT arrears decline despite rise in number of cases: Govt
Posted Date : 14-Mar-2011 , 09:30:25 pm | Posted By CASANSAAR
The quantum of money locked up in income tax disputes decreased in 2010 as compared to the previous year despite increase in number of cases, Parliament was informed today.
The amount stuck in I-T cases actually declined to Rs 2,42,377 crore as on December 31, ...
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Income Tax |
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RBI tightens the grip on non-banking finance companies
Posted Date : 14-Mar-2011 , 09:29:58 pm | Posted By CASANSAAR
The Reserve Bank of India may further tighten the regulatory screws on non-banking finance companies. The reason: it appears that the stiff regulation for banks has increased the incentive for exploiting regulatory arbitrage by moving business to NBFCs.
...
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Income Tax |
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'Govt to get new study conducted on black money issue'
Posted Date : 14-Mar-2011 , 09:24:16 pm | Posted By CASANSAAR
The government today said it will get a new study conducted on black money stashed by Indians within and outside the country by July next year.
The government has decided to get a fresh study conducted on unaccounted income and wealth, both inside and outside t...
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Income Tax |
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Treat tax payers as clients, FM tells IRS probationers
Posted Date : 14-Mar-2011 , 09:23:46 pm | Posted By CASANSAAR
Describing the committed taxpayers as “engines of economy”, Finance Minister Pranab Mukherjee today exhorted the young IRS probationers to treat them as their clients and not as adversaries.
“The assessee is no longer considered an a...
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Income Tax |
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Salary earners with income till Rs 5 lac need not file returns
Posted Date : 14-Mar-2011 , 12:22:58 pm | Posted By CASANSAAR
Salary earners having an income of less than Rs 5 lakhs will not have to file tax returns from this year, a finance ministry official said.
"Salaried people, may be up to Rs 5 lakh...they need not file the (income tax) return," CBDT chairman Sudh...
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Income Tax |
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Finmin denies I-T officials were behind Radia leak
Posted Date : 14-Mar-2011 , 12:18:13 pm | Posted By CASANSAAR
The finance ministry has refuted a media report that Income Tax officials were behind the leak of a corporate lobbyist's taped conversations.
"This is to clarify that no official of the Income Tax department has ever communicated any recording of telephonic interc...
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Income Tax |
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Axis Bank launches income tax payment facility at ATMs
Posted Date : 14-Mar-2011 , 12:17:33 pm | Posted By CASANSAAR
Private sector Axis Bank today announced the launch of the facility to pay income tax at ATMs. This facility, initially, will be available at select ATMs in the major centres and will shortly be made available at all 5,600-plus ATMs across the country, the bank said in a press ...
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Income Tax |
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I-T Dept slaps Rs 450 crore demand on Infosys
Posted Date : 14-Mar-2011 , 12:15:57 pm | Posted By CASANSAAR
The Income Tax Department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed today.
Onshore software development is th...
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Income Tax |
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I-T Dept slaps Rs 450 crore demand on Infosys
Posted Date : 14-Mar-2011 , 12:14:15 pm | Posted By CASANSAAR
The Income Tax Department has slapped a tax demand of over Rs 450 crore on software giant Infosys Technologies for wrongfully claiming tax exemption on onshore services by declaring them as software exports, Parliament was informed today.
Onshore software development is th...
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Income Tax |
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0 | Hits : 3142
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500 tax information exchange pacts signed: Pranab
Posted Date : 14-Mar-2011 , 08:38:53 am | Posted By CASANSAAR
Indian Finance Minister Pranab Mukherjee has said about 500 tax information exchange agreements have been signed between different countries across the globe, a development that will help fight the menace of tax evasion and track ill-gotten money.
Mukherjee, who is...
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Income Tax |
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