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Pranab likely to table bill on GST today

  On 22 March 2011 at 12:18

Pranab likely to table bill on GST today Finance Minister Pranab Mukherjee is likely to table a Constitution Amendment Bill in Parliament on Tuesday to facilitate implementation of Goods and Services Tax (GST). It will facilitate implementati ...


Cabinet clears GST Constitution Amendment Bill

  On 16 March 2011 at 20:55

Cabinet clears GST Constitution Amendment Bill The Union Cabinet has approved Constitution Amendment Bill to pave the way for implementation of Goods and Services Tax, a new indirect tax regime that will subsume various levies such as excise and ...

  0 comments |   1701 hits


No routine tax scrutiny for senior citizens, small taxpayers

  On 15 March 2011 at 15:29

No routine tax scrutiny for senior citizens, small taxpayers The Income Tax Department has said that tax returns filed by senior citizens above 60 years and small taxpayers with gross total income of less than Rs 10 lakh will not scrutinised in ...

1  comments |   1516 hits


Pranab hints at review of proposal to tax healthcare services

  On 15 March 2011 at 15:29

Pranab hints at review of proposal to tax healthcare services Finance Minister Pranab Mukherjee has hinted at review of his proposal to impose 5 percent service tax on high-end health care services which was described as "misery tax" b ...

  0 comments |   1045 hits


DTC to be implemented from 1st April, 2012: Pranab

  On 01 March 2011 at 10:06

DTC to be implemented from 1st April, 2012: Pranab Finance Minister Pranab Mukherjee on Monday said the Direct Taxes Code (DTC), which will replace the Income Tax Act, is proposed to be implemented from 1st April, 2012. "... The code is ...

1  comments |   1820 hits


GST Constitution Amendment Bill in this session: FM

  On 01 March 2011 at 10:05

GST Constitution Amendment Bill in this session: FM Finance Minister Pranab Mukherjee said the Government proposes to introduce the Constitution Amendment Bill in the current session to pave the way for introduction of the long-awaited Goods an ...

  0 comments |   998 hits


Compounded Tax- Metal Crusher Units

  On 15 December 2010 at 19:18

A division bench of the Kerala High Court held that a metal crusher unit entitled to pay compounded tax, as per sales tax law, can equally claim composition with respect to its incidental products like Msand, along with granite metals. As per Sect ...

1  comments |   4193 hits


CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases

  On 15 December 2010 at 10:17

CBDT Clarification on Tax Scrutiny Of Mergers and Acquisitions Cases The Central Board of Direct Taxes (CBDT) has clarified that the Income Tax Department is currently scrutinizing only a handful of cases relating to takeovers, mergers and acqui ...

  0 comments |   1321 hits


I-T dept introduces new number for taxpayers for tax filing

  On 29 November 2010 at 11:37

I-T dept introduces new number for taxpayers for tax filing Taxpayers will now have to procure a 'new number' for filing returns and making any communication with the Income Tax department. The unique Document identification number (D ...

8  comments |   2440 hits


IT raids on biz premises of seven Karnataka MLAs

  On 25 October 2010 at 16:39

IT raids on biz premises of seven Karnataka MLAs Income Tax officials on Monday conducted raids at around 60 places in Karnataka, targeting seven ruling BJP MLAs, including ministers G Janardhana Reddy and G Karunakara Reddy. IT raids were ...

3  comments |   1333 hits










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