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SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

Apr 07, 2015

SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

The IT department had initiated proceedings against airlines in 2011 alleging that the carrier failed to remit the TDS from employees' salaries and other payments with the government. #NewsTracker #Supreme Court #Kingfisher Airlines #Karnataka High Court #Tax Deducted at Source #Justice Ranjan Gogoi #Justice NV Ramana
For middle-class to benefit, infra bonds should be tax deductible, not tax-free

Mar 05, 2015

For middle-class to benefit, infra bonds should be tax deductible, not tax-free

Jaitley has given the benefits on a platter to the money bags while thumbing his nose at the middle class #Arun Jaitley #infrastructure bonds #Tax deduction #tax-free bonds #budget 2015
Returns filing: Over 44-lakh high-value spenders on I-T radar

Mar 03, 2015

Returns filing: Over 44-lakh high-value spenders on I-T radar

The taxman tracks high value spenders through its electronic data mining tools and it keeps track of each such transaction till the appropriate taxes are paid in this regard. #NewsTracker #CBDT #Income tax #Revenue #Tax Deduction at Source
Budget 2015: A 6-point agenda for Modi to make education accessible and affordable

Feb 16, 2015

Budget 2015: A 6-point agenda for Modi to make education accessible and affordable

Key policy reforms and sound policy initiatives to stimulate growth and sector-specific reforms for the education sector are in anticipation #India #Education #Arun Jaitley #Tax #Education loan #Education sector #budget 2015 #Budget2015 #tax deduction under 80C #Personal Finance Budget 2015 #Finance Budget 2015
Air India to crack the whip on latecomers, will deduct salary of employees who delay flight

Feb 02, 2015

Air India to crack the whip on latecomers, will deduct salary of employees who delay flight

Air India in an unprecedented move is going straight to heart of the problem and will start fining its staff who are found to be causing flight delays. #India #air india #aircraft #Employees #National carrier #Flight delays #deduct salaries
Poor staffing affected prosecution in tax evasion cases CAG

Feb 18, 2014

Poor staffing affected prosecution in tax evasion cases CAG

CAG carried out a study on administration of penalty and prosecution by the Income Tax department between August and December 2012. #Economy #India #CAG #NewsTracker #Tax Deducted at Source #Economic Offences Court
Budget 2014: Six terms you should watch out for

Feb 17, 2014

Budget 2014: Six terms you should watch out for

In English the word budget simply means, where money comes from and where money goes. Loosely put the Union Budget is pretty much the same thing. But, for the sake of those who are new to this and want to understand what the FM speaks. Read on. #Exemption #Budget 2013 #Deduction #Budget Lexicon