Direct tax collection risesNet direct tax collections during the first seven months of the present fiscal (upto October 2009) stood at Rs 1,73,447 crore, up from Rs 1,66,905 crore in the same period last fiscal, registering a growth of 3.92 percent, ..
Government discussing suggestions of stakeholders to modify Direct Tax Code: FM AREAS OF CONCERN IDENTIFIED FINANCE MINISTER ADDRESSES PARLIAMENTARY CONSULTATIVE COMMITTEE OF FINANCE MINISTRYGovernment would make all efforts to meet the aspirations ..
Income Tax Department issued notice to VodafoneThe Income Tax department has issued a detailed notice today (comprising 531 pages along with annexure running into 1901 pages) under section 201(1) and 201(1A) of the IT Act 1961 to Vodafone Internation ..
Online TAN Registration The Income Tax Department requires all deductors to register their TANs online. Authenticated access (through user ID and password) will be provided to registered deductors. On login, the following will be available to the ded ..
Under the Gujarat VAT, last date for filing Monthly Return for the month Sept.-2009 or in case of quarterly dealer, Quarterly Return date for filing quarterly return for the Quarter ended on 30th Sept. 2009 is 30-10-2009. Considering the mood of fest ..
Critical areas on DTC for detailed examination identified: FMFinance Minister has announced that the Government has identified seven critical areas on the Direct Taxes Code for further detailed examination. At an interactive session with representati ..
No mails for refunds issued from income tax departmentInformation has been received from several quarters that people are receiving electronic mails informing them of their income-tax refunds and seeking their credit card details. The e-mail is sent ..
Gifts of property (gifts-in-kind) above value of Rs.50,000 become taxable from 1st October 2009The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or any o ..
CBDT extends date of filing IT return filing from Sep 30, 2009 to Oct 31, 2009 for Pune, Sangli and Kolhapur No.402/92/2006-MC (20 of 2009) Government of India / Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes*** New Delhi dated ..
THE Karnataka High Court has ruled that technology firms are subject to withholding taxdeduction of tax at sourceon purchase of software from global vendors such as Microsoft. This would push technology firms and branded software distributors into a ..
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