EXEMPTION FROM FILING RETURNS

Fulfilling a Budget vow to exempt a certain class of tax-payers from the annual ritual of filing an income-tax return, the Central Board of Direct Taxes (CBDT) has is...

Source : www.thehindubusinessline.com   Dated : 02/07/2011

GOODS, SERVICES TAX ROLLOUT LIKELY IN JUNE NEXT: CBEC CHIEF

Mr Sumit Dutt Majumder, Chairman, Central Board of Excise and Customs (CBEC), said that Goods and Services Tax may be rolled out in June or July 2012. The roll out was originally scheduled in April 2012. Unlike Direct...

 

Source : www.thehindubusinessline.com   Dated : 30/06/2011

COMMERCE MIN TO MOVE HOUSE PANEL ON TAX GAINS FOR SEZS

Its dream of creating special enclaves for exports in tatters because of changes in tax laws, the commerce ministry has decided to plead its ca...

 

Source : www.economictimes.indiatimes.com   Dated : 28/06/2011

NO ACCESS LIKELY TO PAST DATA ON MONEY STASHED ABROAD, SAYS SECY

 It may well be impossible to get information on black money stashed away in foreign banks and tax havens. Mr Sunil Mitra, Union Finance Secretary, has said that all t...

 

Source : www.thehindubusinessline.com   Dated : 18/06/2011

UNION FINANCE MINISTER CALLS FOR STRONG MEASURES TO REVERSE THE ONGOING TREND OF ILLICIT OUTFLOWS FROM DEVELOPING COUNTRIES AND EXPLOITATION OF THEIR NATURAL RESOURCES THROUGH ABUSIVE TRANSFER PRICING SCHEMES

 The Union Finance Minister, Shri Pranab Mukherjee calls for strong measures to reverse the ongoing...

 

Source : www.pib.nic.in   Dated : 14/06/2011

POST-OFFICE SAVINGS BANK DEPOSITS LIKELY TO FETCH 4% INTEREST

A government committee has suggested raising interest rates on post-office savings bank deposits to 4 per cent, a suggestion that could benefit l...

 

Source : www.thehindubusinessline.com   Dated : 10/06/2011

CHARITABLE TRUSTS UNDER I-T SCANNER

The Income Tax (I-T) Department has launched a comprehensive exercise for tightening the administrative mechanism for chari...

Source : www.business-standard.com   Dated : 26/05/2011

PRANAB ASKS I-T DEPT TO GEAR UP FOR IMPLEMENTING DIRECT TAXES CODE

The Finance Minister, Mr Pranab Mukherjee, on Tuesday asked the Income-Tax Department to prepare for transition to the Direct Taxes Code (DTC) regime, which will be u...

Source : www.thehindubusinessline.com   Dated : 25/05/2011

CBDT GETS NOD TO SET UP CRIMINAL INVESTIGATION DIRECTORATE

The Finance Minister, Mr Pranab Mukherjee, has given his approval to the Central Board of Direct Taxes (CBDT) to set up a criminal investigation directorate. This wou...

Source : www.thehindubusinessline.com   Dated : 24/05/2011

TRUSTS, NGO SBROUGHT UNDER I-T RADAR

A head of the proposed implementation of the Direct Taxes Code (DTC) next year, the income tax department has decided to bri...

 

Source : www.business-standard.com   Dated : 30/04/2011