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Loan waiver will not lead to collapse of banks: FM

  On 02 March 2008 at 19:17

Loan waiver will not lead to collapse of banks: FM By V S Chandrasekar New Delhi, March 2(PTI)Finance Minister P Chidambaram today sought to allay apprehensions that the Rs 60,000 crore farmers' package will lead to collapse of the cooperative and ...

  0 comments |   415 hits


Duty on crude sulphur reduced

  On 01 March 2008 at 13:51

GENERAL BUDGET 2008-09The Finance Minister, Shri P.Chidambaram in the General Budget 2008-09 has proposed reduction in the custom duty on crude and unrefined sulphur from 5 per cent to 2 per cent, in order to support domestic fertilizer production.Th ...

  0 comments |   572 hits


banking cash transaction tax to be withdrawn

  On 01 March 2008 at 13:51

GENERAL BUDGET 2008-09In the General Budget 2008-09, Banking Cash Transaction Tax (BCTT) has been withdrawn w.e.f. April 1, 2009. The step is in view of the fact that the information gathered by means of BCTT is also available to the Income Tax Depar ...

  0 comments |   567 hits


Highlights of Budget 2008-09

  On 29 February 2008 at 13:10

Union Minister for Finance P Chidambaram presented the Union Budget for 2008-09 in the Lok Sabha, announcing a waiver of agricultural loans to the tune of Rs 60,000 crore, raised the income tax exemption threshold to Rs 1,50,000 and slashed customs a ...

  0 comments |   924 hits


DIRECT TAX COLLECTIONS

  On 21 February 2008 at 18:11

Direct tax collections continued to record a growth of over 40 percent for the 1st April 2007 to 15th February 2008 in the current fiscal. Net direct tax collections stood at Rs.2,28,745 crore, up from Rs.1,61,776 crore during the same period last fi ...

  0 comments |   520 hits


Avoidance of double taxation between India and Luxembourg

  On 21 February 2008 at 17:28

The Union Cabinet today gave its approval to the Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on income and on capital between the Government of India and the Government of the Grand Duchy of Luxem ...

  0 comments |   615 hits


NORMS FOR FILING TDS/TCS RETURNS

  On 13 February 2008 at 08:57

All tax deductors / collectors are required to file the TDS/TCS returns in Form No.24Q (for salaries), Form No.26Q (for payments other than salaries) or Form No.27EQ (for TCS). These forms require details of all tax deductions with name and permanent ...

  0 comments |   1006 hits


Norms for filingTDS/TCS returns

  On 13 February 2008 at 00:15

All tax deductors / collectors are required to file the TDS/TCS returns in Form No.24Q (for salaries), Form No.26Q (for payments other than salaries) or Form No.27EQ (for TCS). These forms require details of all tax deductions with name and permanent ...

  0 comments |   1059 hits


FICCI suggest taxation of income tax of real estate investment trusts on lines of mutual funds

  On 11 February 2008 at 14:17

NEW DELHI, February 5, 2008. Taxation of income of Real Estate Investment Trusts (REITS) on the lines of mutual funds, permission to investment in housing development activities, exemption of capital gains tax on the sale of assets of REITS and VAT a ...

  0 comments |   990 hits


Delhi govt to impose environment fee on diesel

  On 10 February 2008 at 16:32

The Delhi government has decided to impose an environment fee on the sale of diesel at Re 0.25 paisa per litre and use the garnered funds to promote clean air policies in the city.The Delhi Pollution Control Board has issued directions to Tax departm ...

1  comments |   1139 hits










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