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Income Tax News


Professional tax may raise for Professionals

   18 July 2008 at 21:28

Doctors, lawyers and other professionals both salaried and self employed may now have to pay a higher professional tax.Acceding a long-pending demand of the state governments, the Centre has decided to raise the ceiling on professional tax from Rs 2,

Posted in Income Tax  1 comments |   11487 Views


Now E payment can be made from any other person's account

   18 July 2008 at 20:57

The Central Board of Direct Taxes (CBDT) have vide notification S.O.No.493(E) dated 13.3.2008 notified the categories of taxpayers who are mandatorily required to electronically pay taxes on or after the 1st day of April, 2008. A company and such oth

Posted in Income Tax  2 comments |   6321 Views


Warning! Anyone can hack into your tax records online

   15 July 2008 at 10:51

For those who prefer to e-file their returns, the current system offers little safety from cyber cons, If you are thinking of filing your income tax returns online, think twice.

Posted in Income Tax  6 comments |   9270 Views


It's better to file physical returns as online mode is complicated

   15 July 2008 at 00:02

It's better to file physical returns as online mode is complicated, doubles work, Salaried individuals these days can pay most bills online.

Posted in Income Tax  1 comments |   10185 Views


Filing tax? Take your documents along

   04 July 2008 at 17:48

IT officers may ask for the same while filing, Come July 31 and it is time to file the income tax return (ITR).

Posted in Income Tax |   12219 Views


Robust growth in direct tax collection

   19 June 2008 at 11:03

Net direct tax collections in the first two months of the present fiscal stood at Rs.22,840 crore, up from Rs.13,335 crore, registering a growth of 71.28 percent. Growth in Corporate Taxes was 68.05 percent (Rs.8,126 crore as against Rs.4,835 crore),

Posted in Income Tax |   4281 Views


If you can help it, pay your tax online

   17 June 2008 at 11:52

The process obviates a visit to the CA and the long queues at the bank and the tax office, Online filing of income tax appears to have caught on since the shift from Saral to the Indian Income Tax

Posted in Income Tax |   7584 Views


FM seeks higher tax receipts goal: milking mirage?

   10 June 2008 at 11:07

Economists say duty cuts, slowdown, poor markets and lower consumption will crimp tax receipts, Rising tax collections in the last four years and expectations that more people

Posted in Income Tax |   3345 Views


Direct tax collections at Rs.3,14,468 crore for 2007-08

   07 June 2008 at 00:55

The Finance Minister Shri P. Chidambaram will inaugurate the 24th Annual Conference of Chief Commissioners & Directors General of Income Tax here on coming Monday. The valedictory address will be given by Minister of State for Finance Shri S.S. Palan

Posted in Income Tax |   3408 Views


India Signs Double Taxation Avoidance Agreement with Luxembourg

   03 June 2008 at 10:39

Government of India signed a Double Taxation Avoidance Agreement (DTAA) with the Government of the Grand Duchy of Luxembourg for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on Income and on capital,

Posted in Income Tax |   4590 Views