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New Income Tax Return forms to be reviewed: Govt vows to make ITR application simpler

Apr 18, 2015

New Income Tax Return forms to be reviewed: Govt vows to make ITR application simpler

Government on Saturday announced that new Income Tax Return (ITR) Forms that require disclosure of details regarding bank accounts and foreign trips undertaken by an individual will be reconsidered, a move that comes after criticism from tax experts and others. #Business #India #Finance minister #NewsTracker #TheySaidIt #Arun Jaitley #Income tax #Income Tax returns #ITR forms
Pay up: I-T dept names and shames 31 defaulters, seeks Rs 1,500 cr in tax

Apr 16, 2015

Pay up: I-T dept names and shames 31 defaulters, seeks Rs 1,500 cr in tax

The initiative, according to a senior tax official, is aimed at publicising and putting these names in public domain #Tax evasion #Income Tax Department #tax revenue #Totem Infrastructure #Patheja Bros Forging & Auto Parts Mfg Co
Tax benefits in retirement plans fire up mutual funds

Apr 13, 2015

Tax benefits in retirement plans fire up mutual funds

At present, only two fund houses have retirement-linked pension plans Franklin Templeton Pension Fund and UTI Retirement Benefit Pension Fund. #Investing #NewsTracker #SEBI #Personal finance #Income Tax act #Reliance Capital Asset Management Company #IDBI Retirement Savings Fund #Retirement plans
Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

Apr 10, 2015

Delhi HC stays warrant for Sahara's Subrata Roys appearance in Income Tax case

The Delhi High court today stayed till next month the trial court proceedings and the warrant issued by it for the appearance of Sahara Chief Subrata Roy, now lodged in Tihar Jail, in an Income Tax case for allegedly not filing returns for a group company for the assessment year 2013-14. #Tihar jail #Subrata Roy #Sahara #Income tax
I-T dept demands Rs 550 crore from Cadbury in tax dispute

Apr 06, 2015

I-T dept demands Rs 550 crore from Cadbury in tax dispute

India's tax office has demanded about Rs 550 crore ($88 million) from the local arm of chocolate maker Cadbury, now Mondelez International Inc, in a dispute over a factory in the foothills of the Himalayas, #Cadbury #Tax #Income tax #Mondelez International #tax authorities