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Income Tax Demand of Rs.11,218 Crore Raised on Vodafone

  On 22 October 2010 at 17:18

Income Tax Demand of Rs.11,218 Crore Raised on Vodafone The Income Tax department today issued an order raising a tax demand of Rs.11,217.95 crore on Vodafone International Holdings BV treating it as an assessee in default under section 201(1) ...

1  comments |   1540 hits


Exemption from taxable service of marketing of lottery u/s 94 of FA, 1994

  On 08 October 2010 at 23:00

Exemption from taxable service of marketing of lottery u/s 94 of FA, 1994 NOTIFICATION NO 49/2010-Service Tax Dated : October 8, 2010 In exercise of the powers conferred by sub-sections (1) and (2) of section 94 of the Finance Act, 1994 (32 of 19 ...

  0 comments |   1192 hits


Extends last date for return-filing by corporate to October 15

  On 27 September 2010 at 16:56

CBDT u/s 119 of IT, Act 1961, extends the due date of filing of returns of income for the AY10-11 from 30.09.2010 to 15th October 2010 F.No. 225/72/2010-ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Dire ...

2  comments |   1310 hits


I-T Returns Filing Date Extended to 30th November in J and K

  On 24 September 2010 at 10:22

I-T Returns Filing Date Extended to 30th November in J & K The Central Board of Direct Taxes (CBDT) has extended the due date of filing of returns of income for the Assessment Year 2010-11 for all categories of cases in the State of Jammu &a ...


Due Date of filing of I-T returns for corporate taxpayers is 30th September, 2010 for AY 2010-11

  On 22 September 2010 at 10:50

Due Date of filing of I-T returns for corporate taxpayers is 30th September, 2010 for AY 2010-11 Dear Corporate Taxpayer, Please note that the due date of filing of I-T returns for corporate taxpayers is 30th September, 2010 for AY 2010-11. In c ...

  0 comments |   749 hits


Form 24G to be filed by Government Account Office

  On 18 September 2010 at 12:15

Form 24G to be filed by Government Account Office The Pay and Accounts Office (PAO)/ District Treasury Office (DTO)/ Cheque Drawing and Disbursing Office (CDDO) are required to file Form 24G as per Income-tax Department Notification no. 41/2010 ...

1  comments |   4461 hits


DTC implementation delayed

  On 31 August 2010 at 16:15

DTC implementation delayed The government will lose over Rs 53,000 crore in tax revenue on account of the increase in exemption limits and tweaking of slabs in the Direct Taxes Code Bill, which will come into effect from 1st April, 2012, a year ...

  0 comments |   1700 hits


India and Switzerland Sign Double Taxation Avoidance Agreement

  On 31 August 2010 at 10:35

India and Switzerland Sign Double Taxation Avoidance Agreement A protocol amending the existing Double Taxation Avoidance Agreement was signed here today between Republic of India and Swiss Federal Council. The Signing ceremony was held at the M ...

  0 comments |   919 hits


Highlights of the DTC bill placed in the Lok Sabha

  On 31 August 2010 at 10:19

Highlights of the DTC bill placed in the Lok Sabha Following are the highlights of the Direct Tax Code bill placed in the Lok Sabha by Finance Minister Pranab Mukherjee on Monday. * Income tax exemption limit proposed at Rs 2 lakh per annum, up ...

  0 comments |   1483 hits


Corporate India cautious in welcoming DTC bill

  On 31 August 2010 at 10:17

Corporate India cautious in welcoming DTC bill Corporate India was cautious in its response to the Direct Taxes Code bill, welcoming the proposal to raise the exemption limit for individual tax payers, while expressing disappointment that corpor ...

  0 comments |   729 hits










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