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Taxation News


State finance ministers to meet today on GST

   04 August 2010 at 09:57

State finance ministers to meet today on GST State finance ministers will meet on Wednesday to discuss the Centre's proposal of 3-tier rate structure for Goods and Services Tax (GST), which would subsume various indirect taxes. They will also ..

Posted in Taxation |   580 Views


DUE DATE FOR FILING NCOME TAX RETURN EXTENDED

   31 July 2010 at 19:48

DUE DATE OF INCOME TAX RETURNS FOR A.Y. 2010-11 HAS BEEN EXTENDED TILL 4TH AUGUST 2010 CBDT has extended the due date for filing income tax returns for assessment yeas 2010-11 has been extended till 4th August 2010. All paper and efilled returns w ..

Posted in Taxation |   1917 Views


Ministry of Corporate Affairs: Annual Filing of Statutory Returns for the year 2010

   29 July 2010 at 10:37

Ministry of Corporate Affairs: Annual Filing of Statutory Returns for the year 2010 ..

Posted in Taxation |   985 Views


States to be fully compensated for GST: Pranab

   26 July 2010 at 10:03

States to be fully compensated for GST: Pranab Finance minister Pranab Mukherjee on Saturday assured the states that the Centre will fully compensate them on possible losses arising from implementation of the goods and services tax (GST) regime. ..

Posted in Taxation |   526 Views


IT department, biggest litigant in Govt: FM

   26 July 2010 at 10:01

IT department, biggest litigant in Govt: FM Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee on Saturday asked the Income Tax Department to reexamine the way it handles tax disputes. Speaking at the 150t ..

Posted in Taxation |   633 Views


GST can push up economic growth by 1.5 pc: Montek

   24 July 2010 at 11:19

GST can push up economic growth by 1.5 pc: Montek Making a strong case for implementation of Goods and Services Tax (GST), the Planning Commission has said the new tax regime could push up economic growth by 1.5 pc points. "Lots of people be ..

Posted in Taxation |   553 Views


CBDT Celebrates Journey of 150 years - 1860 to 2010

   23 July 2010 at 17:08

THE CBDT is truly excited and fully geared up to celebrate 150 years of income tax in India. The Governor General of India accorded to the bill levying the tax, introduced by James Wilson, the first Finance Member in Council, on 24th July 1860. The ..

Posted in Taxation |   1003 Views


Preparation of correction TDS/TCS statement made easy

   22 July 2010 at 10:46

Preparation of correction TDS/TCS statement made easy. Register your TAN online and get your consolidated TDS/TCS statementDeductors / collectors are required to furnish a quarterly TDS / TCS statement as per guidelines of the Income Tax Department ..

Posted in Taxation  1 comments |   2930 Views


Govt proposes 20% GST on goods, 16% on services

   22 July 2010 at 10:34

Govt proposes 20% GST on goods, 16% on services Finance Minister Pranab Mukherjee on Wednesday proposed a three-rate structure for the Goods and Services Tax - which will simplify the indirect tax regime. Under this goods will attract 20 percent ..

Posted in Taxation |   767 Views


DTC, GST Bills likely in Monsoon session: Revenue Secy

   21 July 2010 at 12:51

DTC, GST Bills likely in Monsoon session: Revenue Secy The government on Tuesday said the direct taxes code (DTC) Bill and a constitutional amendment bill to implement the goods and services tax (GST ) are likely to be introduced in the Monsoon se ..

Posted in Taxation |   632 Views