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Displaying 470 - 480 of 542 in 55 pages

SC dismisses Income Tax Dept's appeal against Max India

  On 30 July 2008 at 14:26

The Supreme Court has dismissed the income tax department's appeal seeking to impose a penalty on Max India for failing to deduct TDS on perquisites given to its employees. A bench headed by Justice S H Kapadia upheld the Delhi High Court's judgement ...

  0 comments |   258 hits


TN liquor policy does not violate statutory or constitutional norms, says Madras HC

  On 29 July 2008 at 12:31

"The Tamil Nadu Government's liquor policy des not violate any statutory or Constitutional norms," the First Bench of Madras High Court observed while granting liberty to a Pattali Makkal Katchi (PMK)Office-Bearer to make fresh representation to the ...

  0 comments |   261 hits


ONGC eyes nuke power biz, favours windfall tax

  On 29 July 2008 at 12:31

Oil and Natural Gas Corp., or ONGC, on Monday said it may enter the nuclear power generation business by leveraging a plan to explore the mineral together with Uranium Corp. of India Ltd, or UCIL, in India and abroad. The company has signed a tentati ...

  0 comments |   222 hits


Relief for BHEL as CESTAT rejects excise dept's duty demand

  On 29 July 2008 at 12:31

Country's largest power generation equipment maker Bharat Heavy Electricals (BHEL) got relief after a tax tribunal rejected a duty demand raised by excise officials over its agreement with global giant Siemens for manufacturing instruments. Quashing ...

  0 comments |   234 hits


E-filing makes filing returns easy

  On 28 July 2008 at 20:53

It may be the beginning of the era of filing paperless returns - anytime and from any place. No longer is there a need to stand in long queues. Filing returns may become an easy and simple exercise. July 31 is the last date for filing income tax retu ...

  0 comments |   248 hits


TDS may be waived for rental income up to Rs 2 lakh

  On 26 July 2008 at 12:29

The Central Board of Direct Taxes (CBDT) is likely to increase the exemption limit for tax deducted at source on rental income to Rs 2,00,000 a year from Rs 1,20,000 at present.The move will go a long way towards reducing the tax burden of individual ...

  0 comments |   344 hits


Tax payers can pay income tax through any bank account

  On 26 July 2008 at 12:29

Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes (CBDT) said. The decision has been taken following representation from certain domestic and foreign ta ...

  0 comments |   294 hits


Bachchan Jr is on tax radar

  On 25 July 2008 at 16:26

The income tax (IT) department is probing the cash flow and source of funds of some high net worth individuals (HNI) who had generously bid for shares in some of the high profile initial public offerings (IPO) that hit the market early this year. A s ...

  0 comments |   249 hits


Tax payers can pay income tax through any bank account

  On 24 July 2008 at 22:19

Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards, the Central Board of Direct Taxes (CBDT) said.The decision has been taken following representation from certain domestic and foreign ta ...

  0 comments |   181 hits


IT returns: Special camps for salaried taxpayers

  On 24 July 2008 at 15:14

The Income-Tax Department will organise special camps in Delhi beginning Tuesday to facilitate salaried taxpayers to file their income-tax returns. All salaried returns are to be filed with the Department by July 31.The first of the two special camps ...

  0 comments |   368 hits










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