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Major direct tax reform in offing (25 July 06:52) |
| The UPA government is set to propose major reforms in direct tax policies that could ease the tax burden for companies and individuals in the coming years. |
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Prepare your IT returns with ET Tax Wizard (24 July 07:53) |
| Do you find filing your tax return a pain? Let ET Tax Wizard help you make it a whiz. |
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Tax payers can pay income tax through any bank account (24 July 03:27) |
| Tax payers can now deposit income tax from the bank accounts of any person in addition to credit and debit cards. |
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I-T returns made simpler through e-filing (22 July 01:02) |
| Though e-filing of returns is not compulsory for individual taxpayers, it has picked up in a big way because of the convenience it offers. |
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Tax returns by July 31? (19 July 06:01) |
| Fill your tax returns easily and comprehensively with the ET tax wizard. 10 important things to do before filing I-T returns
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Now, file your returns without Form 16 (19 July 06:57) |
| The government on Friday said annexures and certificates relating to tax deducted at source (TDS) like Form 16 are not required to be submitted along with income tax returns.
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Professional tax may shoot up by Rs 7,500 (17 July 05:59) |
| Doctors, lawyers and other professionals - both salaried and self-employed - may now have to pay higher professional tax. ULIP: A tax saving tool | Day in pics
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Professional tax may rise by Rs 5,000 (17 July 05:07) |
| Professionals may now have to pay higher professional tax. |
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Service tax rules leave India Inc vexed (17 July 02:40) |
| Many taxation issues pertaining to inter-state delivery of services are being envisaged when states are given the power to tax a set of services. |
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10 important things to do before filing I-T returns (16 July 06:02) |
| Rush-hour filing may mean that one could inadvertently miss out on certain details and disclosures. How to go for householder's insurance | Dealing with sudden wealth
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All about wealth tax (16 July 09:52) |
| You don't need to be on the Forbes billionaires list to be subject to wealth tax. All you need to possess is a few prescribed assets, the value of which exceeds INR 1.5 million and you are s... |
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Real estate group in Rs 110.70-cr tax evasion (15 July 09:37) |
| The Income-Tax Department here has unearthed tax evasion to the tune of Rs 110.70 crore. |
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No manpower shortage for processing of tax refunds : IT dept (14 July 11:08) |
| The Income Tax Department is completely geared up to meet the ever swelling rush of returns and refunds as it is on its way to recruit additional manpower for the purpose. |
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Finmin to use third party info to detect excise duty evasion (13 July 03:02) |
| The Finance Ministry is likely to come out with a plan to gather information on evasion of excise duty through sources like electricity bills and VAT payments. |
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IT Dept hits with scrutiny of tax returns (13 July 12:46) |
| Shortage of manpower in the income tax department has affected the scrutiny of tax returns leading to loss of revenue worth hundreds of crores. |
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Indirect taxes to increase further this year (12 July 08:40) |
| Govt's indirect taxes collection is likely to swell further this year on account of good collection in Customs and Service taxes.
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Filing income-tax returns not so (10 July 05:40) |
| Filing income-tax returns has never been so saral, as is made out to be. The latest controversy is about filing TDS (tax deducted at source) certificates. |
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Filing income-tax returns not so easy (10 July 03:39) |
| Filing income-tax returns has never been so saral, as is made out to be. The latest controversy is about filing TDS (tax deducted at source) certificates.
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SC notice to Reliance Ind, others on Orissa govt's plea (09 July 09:31) |
| The Supreme Court on Wednesday issued notice to Reliance Industries, Bharti Airtel, Hindalco, Tata Refractories and others on a plea by Orissa government, challenging a high court ruling whi... |
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No tax on referral fees paid to overseas companies (07 July 09:52) |
| Authority for Advance Rulings has ruled that the revenue earned by foreign firms by referring business clients to domestic companies is not taxable in India.
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CBDT relaxes scrutiny norms in a few cases (06 July 12:56) |
| The Central Board of Direct Taxes has decided to relax norms on scrutiny of tax payers whose premises have been surveyed by the officials following Finance Minister P Chidambaram's assertion... |
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India's direct tax collections up 38 pc (04 July 06:04) |
| India's direct tax collections rose by as much as 38.61 per cent in the first quarter of the current fiscal, the finance ministry said on Friday. |
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Software, R&D cos to get tax breaks in indl parks (03 July 11:21) |
| Computer software makers and research firms will now get a 10-year tax break if they are located in government specified industrial parks, the finance ministry said on Thursday. |
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Tax man to attach property of tax evaders (01 July 10:26) |
| Concerned by rising tax evasion especially by exporters and certain big manufacturers, the government today announced that the tax man could provisionally attach the property of evaders to r... |
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I-T dept to scan realty deals for evasion (30 June 04:04) |
| Real estate sector is high on the radar of the income-tax department, which is going to keep a close watch on buyers or sellers of property.
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Even a few hours extra can be taxing (26 June 05:15) |
| The intense pressure being brought upon them by the finance ministry to increase tax collections is forcing many officers to adopt strange and quirky ways of squeezing out money.
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IPL heroes may face tax bouncer (24 June 04:51) |
| The tax department is planning to bowl a yorker, which could result in a higher tax burden, upfront.
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Banks, metal & oil cos lead Q1 advance tax payments (24 June 02:44) |
| Metals, ores, banking and predictably the oil sector are the chart-busters in advance tax payments. |
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India signs DTAA with Syria (23 June 08:18) |
| India has signed a revised double taxation avoidance agreement (DTAA) with the government of the Syrian Arab Republic for the avoidance of double taxation. |
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Asset sale at a discount to not attract capital gains tax (23 June 04:17) |
| In a ruling that will help corporates planning to transfer capital assets to other companies at a cost price less than the market price, the Mumbai tax tribunal has held that tax cannot be l... |
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India Inc's effective tax compliance rate rises to 26% in 2007-08 (23 June 04:17) |
| If increasing subsidy bill is giving headache to P Chidambaram, he has found succour in higher direct tax collections. |
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FBT collections decline in April-May (22 June 07:43) |
| Fringe benefit tax collections have declined by about 7 per cent in the first two months of the fiscal against the year-ago period even as direct tax kitty has grown by 71 per cent in the sa... |
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71% direct tax kitty swells (19 June 07:11) |
| Direct tax receipts rose 71.3% in the first two months of the current fiscal year from a year ago, indicating the economy was sustaining its growth pace. |
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Govt relaxes income-tax refund norms (19 June 12:05) |
| About 92 per cent of the income-tax refund claims for fiscal 2007-08 will be settled without the taxpayers needing to produce TDS certificates, as the Government has relaxed the criteria in ... |
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Direct tax collections up 71% (18 June 08:22) |
| India's direct tax collections continued to grow at a robust pace to log a 71.28 percent rise in the first two months of this fiscal at Rs.228.4 billion. |
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Excise duty collections rebound 4.4% in May (18 June 02:45) |
| After experiencing a negative growth in April this year, excise duty receipts grew by 4.4% in May 2008 to Rs 9,583 crore.
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Enjoying 'zero tax' sops on pay package of Rs 4 lakh (17 June 03:03) |
| Difficult to believe, but that is true! As a salaried taxpayer, you can structure your annual pay package of up to Rs 4,00,000 on a zero tax basis. Dealing with sudden wealth |
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Liaison offices of MNCs can't be taxed, rules ITAT (17 June 07:09) |
| Multinational companies sourcing their products from third-party manufacturers in India through a liaison office here have reasons to cheer.
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India Inc takes FM cue, ups advance tax outgo (17 June 03:03) |
| The advance tax figures of some leading banks and a few corporates for the April-June quarter of this fiscal provide some room for comfort.
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Centre may pillion tax-cut drive (17 June 03:03) |
| Asim Dasgupta tells central govt to pick up half of rs 8,000-cr tab; panel to review atf tax on Sat.
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I-T officials unearth Rs 11.88 cr unaccounted income (17 June 01:01) |
| During an Income Tax Department search and seizure operation, a Surat-based textile group and its associates have admitted to having unaccounted income of Rs 11.88 crore, I-T officials said ... |
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No addition to income sources if assessment is over, rules ITAT (16 June 04:53) |
| The Appellate Commissioner of Income-Tax can no longer levy additional tax if it discovers a source of income that was not taken into account by the income-tax department at the time of asse... |
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Delhi govt mops up over Rs 10 cr through environment cess (13 June 11:44) |
| Delhi government has mopped up over Rs 10 crore through environment cess on diesel in the three months since February.
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Tax implications on income on property (13 June 11:44) |
| Different types of income can be generated from property, and there are certain tax implications involved.
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SC notice to Honda, LG and others on entry tax issue (13 June 09:44) |
| The Supreme Court has issued notice to 12 cos including Honda Siel Cars India, Xpro India, LG Electronics and others.
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Chandigarh reduces VAT on petrol, LPG (11 June 10:35) |
| Chandigarh Administration today notified a cut in value added tax on petrol and LPG, reducing their prices by Re 1 per litre and Rs 13.50 per cylinder respectively in the city to cushion the... |
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How to prepare for the date with the taxman (11 June 12:29) |
| Come June/July and the salaried and self employed individuals start bracing themselves to file their income tax returns (ITR) for the previous financial year. |
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CTT to be notified, but Govt not in hurry (09 June 06:20) |
| Finance Minister P Chidambaram on Monday refused to specify when the government would notify the controversial Commodity Transaction Tax (CTT). |
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FM asks CBDT to target higher tax collection this fiscal (09 June 04:19) |
| Enthused by over 36 pc increase in direct tax collections during 2007-08, Finance Minister P Chidambaram asked the department concerned to aim for higher collections.
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I-T dept may spoil BCCI's IPL party (07 June 12:00) |
| I-T authorities are getting ready to invoke the recent changes in the law which would render it difficult for BCCI to avoid paying tax. Cheerleaders in IPL T20 | Biz of IPL |
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