Income Tax Department had recently carried out a search operation against a group of Gurgaon engaged in development of real estate and running a private airline. On the basis of evidence collected during that search, surveys were subsequently conduct
Charitable Trusts under Finance Minister's Scrutiny The government is considering a proposal to redefine and narrow the concept of "charitable activity" to ensure that only deser
With the last full-fledged Budget of the UPA government, Finance minister P Chidambaram might spread cheer all around with Budget 2008-09. A hike in the income-tax exemption limit from Rs 1,10,000 to Rs 1,25,000., a higher ceiling for tax-saving in
The Central Board of Direct Taxes have extended the due date for filing of quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the quarter ending 30th September 2007 of financial year 2007-08 to 29th February 20
Tax Dept to use identity-search software to prevent evasionThe Income Tax Department is gearing up to use identity-search technology to manage the swelling data base of taxpayers, a move that will make tax evasion difficult and bring to book habitual
Both salaried individuals and companies i.e direct tax payers may require to file income tax returns two months in advance says the finance minister. The modification may bring the due date from 31st July to May 31st."For salaried and other individua
"GOOD NEWS FOR THE GREEN BUILDERS" Tax breaks may be granted to Real estate developers constructing energy-efficient (green) buildings in the coming Budget. If the buildings meet the "green" standard, a part of the builders' c
CBDT has extended the due date for filing of quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for the quarter ending 30th September 2007 to 29th February 2008No.402/92/2006-MC (07 of 2008)Government of India / Mi
TAX PAYMENT FACILITY LIBERALIZED IN CALCUTTA A large taxpayer unit would be initiated in Calcutta. As according to Chidambaram, company such as MRF used to pay its various taxes at around 100 places and jurisdictions across the country,which is a hin
CONSULTATIVE COMMITTEE OF FINANCE MINISTRY MEETSFM SOUGHT SUGGESTIONS FOR THE BUDGET FROM THE MEMBERS16:16 ISTThis year's first Meeting of the Parliamentary Consultative Committee attached to Finance Ministry was held here today under the Chairmanshi
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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