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Income tax

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I-T department to send OTP, include Aadhaar to ease taxpayer e-filing

Mar 24, 2015

I-T department to send OTP, include Aadhaar to ease taxpayer e-filing

The CPC Director Mishra said, the CBDT, in October last year had amended the provisions of the I-T Act and made it easy for the department to undertake these new methods for "validation" of e-returns. #Income Tax Department #CBDT #Aadhaar #PolicyWatch #Central Processing Centre #ITR-V #OTP #Tax filing
Cairn Energy seeks compensation from India on tax demand

Mar 24, 2015

Cairn Energy seeks compensation from India on tax demand

Cairn Energy, which had in 2011 sold majority stake in its Indian unit to mining group Vedanta for $8.67 billion, still holds 9.8 percent stake in Cairn India. #Income Tax Department #Arun Jaitley #Cairn Energy #CompanyWatch #UK-India Investment Treaty #Notice of Dispute #Retroactive taxation
Wait, what? Rs 1,130 cheque issued by Income Tax department bounces

Mar 24, 2015

Wait, what? Rs 1,130 cheque issued by Income Tax department bounces

Sunita Pathak, a resident of Colaba, did not think much when the cheque issued by the Income Tax department was returned to her from the bank. #India #BeatThis #Mumbai #Income Tax Department #I-T returns #I-T Filing
No retro tax: Jaitley quashes tax terrorism fears, says notice on Cairn a UPA legacy

Mar 16, 2015

No retro tax: Jaitley quashes tax terrorism fears, says notice on Cairn a UPA legacy

Jaitley said on Vodafone and Shell issues whatever the courts decided, the government accepted that #Vodafone #Arun Jaitley #Cairn Energy #Income tax #Cairn India #Shell #Tax terrorism
Political favouritism? Modi govt quietly slipped in a tax sop for Andhra, Telengana in Budget

Mar 15, 2015

Political favouritism? Modi govt quietly slipped in a tax sop for Andhra, Telengana in Budget

As it is, all industrial units set up across the country post 2005 as well as fresh investments made in existing factories post 2005 qualify for an additional depreciation of 20% in the year of investment but industrial units set up in backward regions of these two states between April 2015 and April 2020 would be eligible for a 35% additional depreciation. #Jammu and Kashmir #Andhra Pradesh #bIhar #Telangana #Income tax #Budget2015