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Poonawalla fincorps

Income Tax News


New Return for all Accounts Officers in Govt Dept.

   06 September 2007 at 15:13

A New quarterly return has been started by the Income Tax Dept FOR:PERSON LIABLE TO FILE THIS RETURN--All Accounts Officers (AOs) in Government Department(s)(STATE/CENTER GOVT )--Who process the bills prepared by Drawing and Disbursement Officers (DD

Posted in Income Tax |   3546 Views


NO INDIVIDUAL RETURN FILED ONLINE

   06 September 2007 at 11:52

NO INDIVIDUAL RETURN FILED ONLINENot even a single individual return has been filed online, accordingto Income Tax (I-T) department. There is separate assessing officerin the department to look after the individual returns that havebeen filed online.

Posted in Income Tax |   3369 Views


Investing overseas? Examine your tax obligations ::

   06 September 2007 at 10:51

RBI has liberalised the remittance scheme recently permitting resident Indian individuals to make investments up to $100,000 per financial year outside India for any permitted capital and current account transactions. This provides an opportunity for

Posted in Income Tax |   2415 Views


IT Dep. moves SC on taxing dividend income from DTAA Nations ::

   03 September 2007 at 18:33

NEW DELHI: The Income Tax Department has sought a ruling from the Supreme Court on a High Court decision that dividend income was non-taxable if it came from an entity from a country that has a double taxation avoidance agreement (DTAA) with India.Th

Posted in Income Tax |   2874 Views


Scope of e-TDS expanded

   31 August 2007 at 15:52

Income-tax (Ninth Amendment) Rules, 2007NOTIFICATION No. 238/2007, dated 30-8-2007 In exercise of the powers conferred by section 295 read with sub-section (3) of section 200 and proviso to sub-section (3) of section 206C of the Income-tax Act, 1961

Posted in Income Tax |   5943 Views


BCTT helps Income Tax make dent into cash transaction

   31 August 2007 at 11:45

ONE of the fall-outs of the rapid-paced globalisation phenomenon is the steady integration of the Indian financial markets. But it has so far not made a serious dent into the tendency to generateblack money. Let's recall the last week seizure of Rs 4

Posted in Income Tax |   3525 Views


All India transfer and promotion orders of Income Tax Commissioners

   31 August 2007 at 11:37

New Page 1 All India transfer and promotion orders of Income Tax Commissioners / Directors and Addl. Commissioners. 28 August 07   F.No. A-32011/4/2006-Ad.VI Government of India Ministry of Finance Department of Revenue

Posted in Income Tax |   24027 Views


Close look at Tax numbers

   29 August 2007 at 20:43

August, 29th 2007The Union government's tax revenues have maintained decent growth in the last three years. That is the broad picture. A closer look reveals something more interesting. The sharpest rise has been seen in revenues from direct taxes and

Posted in Income Tax |   4323 Views


LAW FOR CREDIT CARD PAYMENTS :: FM..!

   27 August 2007 at 09:32

The government is planning to bring a new law to regulate credit card payment. While replying to a question regarding credit card problems, Finance Minister P Chidambaram told the Lok Sabha that such a move is in the offing. In his question, CPI(M) M

Posted in Income Tax |   4461 Views


Income-tax Department seeks exemption from 'Right to information' Act ::

   27 August 2007 at 09:26

The income-tax department has asked the department of personnel and training to amend the Right to Information (RTI) Act to shield itself from unsolicited queries on its investigations. The RTI Act has exempted the department of revenue intelligence,

Posted in Income Tax |   3600 Views