Industry body Assocham has asked the government to roll back the service tax proposed on real estate developers at the time of construction, as it would increase the tax burden on home buyers and impact the recovery of the sector. The government, in ..
The government today said around 49 lakh cases of income tax refunds are pending with the revenue department. “Total number of pending refund returns (up to January 2010 is 49 lakh. The statutory time limit to process the return and issue r ..
The Central Board of Direct Taxes (CBDT) has proposed amendments to law to empower High Courts to condone a delay in filing tax appeals or applications. The proposed amendment will be similar to the one announced in Budget 2009-10 for the Excise Dep ..
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The CBEC vide notification dated 19th February, 2010 has made service tax payment above Rs 10 Lakhs per annum including CENVAT utilisation madatory by internet banking. In such cases, the electronic filing of return has also been made cumpolsory.Full ..
A writ Petition challenging the constitutional validity of the Explanation inserted by the Finance No.2 Act 2009 to section 80IA (4) of the Act with retrospective effect from 1.4.2000 has been admitted today (16.2.2010) by the Bombay High Court in ..
The Government of Punjab has recently imposed Entry Tax on 12 new items under section 3A of Punjab Tax on Entry of Goods into Local Areas Act, 2000 (Punjab Act No.9 of 2000). The List of which has already been provided in the articles published earl ..
Central Board of Direct Taxes has decided to extend the time limit for filing ITR-V form relating to income-tax returns filed electronically (without digital signature) on or after 1st April 2009, up to 31st March 2010 or within a period of 120 days ..
NEW DELHI: The government may not tinker with the corporate tax rates in the Budget 2010-11 despite pressure from India Inc to slash rates or atTwitter Facebook ShareEmail Print Save Commentleast do away with surcharge and cess.The ind ..
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