It’s taxing time for actor Shah Rukh Khan again. The I-T department has dragged the star to the Bombay high court over his foreign earnings as a brand ambassador for the Swiss luxury giant Omega. A commissioner of Income Tax has ap ..
The Authority for Advanced Ruling has ruled that if an Indian company pays a commission to an overseas company to promote its business in that country, such payment will not be taxable in India. The AAR, a quasi judicial body on matters of taxation, ..
Simplification of I-T rules spawns websites that help in tax preparation. This year, Praveen Jain, a software professional in Bangalore, did not have to make his annual tax trip to Kolkata. Even after e-filing came into vogue, Jain, like many of his ..
Shri P.N. Vittal Das, Shri Sumit Dutt Majumdar and Shri Y.G. Parande have joined as Members, Central Board of Excise and Customs. Shri P.N. Vittal Das belongs to the 1974 batch of IRS (C&CE) and was Chief Commissioner of Central Excise, Vishakapa ..
Shri Narindar Singh, 1972 batch of the Indian Revenue Service (IRS), has joined the Central Board of Direct Taxes as Member. He was earlier Director General of Income Tax (Exemptions) supervising taxation of trusts and NGOs in India. ..
The UPA may have set an ambitious target of 15,000 MW of fresh power capacity in 2009-10 as part of its thrust on big-ticket spending on infrastructure projects to revive the flailing economy. But a decision by the Central Board of Direct Taxes to wi ..
Corporate honchos and Directors on the boards of companies have got a booster dose from the Government. The Finance Ministry has said that remuneration paid to Managing Directors and Directors of companies for their performance as Managing Director/ ..
Oriental Bank of Commerce has been authorised by the Reserve Bank of India and the Central Board of Excise and Customs to collect central excise duty and service tax through e-payment. Mr Alok K. Misra, Chairman and Managing Director, formally launch ..
The Central Board of Excise and Customs (CBEC) has a new Chairman in Mr V. Sridhar. Prior to this appointment, Mr Sridhar, a 1973 batch IRS officer, was Member, CBEC. He succeeds Mr P.C. Jha, who superannuated from his present charge of CBEC Chairman ..
Filing tax returns is going to turn more convenient for professionals like businessmen, doctors, lawyers and CAs in the capital as they can now file their returns at special counters which will be set up by the Income Tax department. The last date fo ..
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