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Govt to take action on Shah panel report on MAT soon: finance ministry

Jul 24, 2015

Govt to take action on Shah panel report on MAT soon: finance ministry

The panel, headed by Law Commission chairman AP Shah, included former chief economic advisor Ashok Lahiri and Chartered Accountant Girish Ahuja as other two members. #Economy #finance ministry #Supreme Court #Income Tax Department #Arun Jaitley #Bombay High Court #FII #Minimum Alternate Tax #Shaktikanta Das #Justice AP Shah Committee #Castleton #Ashok Lahiri #Girish Ahuja
Sebi cracks whips on organised syndicates, busts billion-dollar 'tax evasion shops'

Jul 22, 2015

Sebi cracks whips on organised syndicates, busts billion-dollar 'tax evasion shops'

Talking about the menace of money laundering and other market-related manipulations, Sebi chief UK Sinha said the regulator is trying to curb such cases one-by-one very successfully. #Black money #NewsTracker #SEBI #IPO #Income Tax Department #CBDT #UK Sinha #GDR
I-T dept launches e-filing link for declaring illegal assets, black money

Jul 21, 2015

I-T dept launches e-filing link for declaring illegal assets, black money

The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government. #Black money #NewsTracker #Income Tax Department #Income tax #illegal assets #tax returns
All I-T refunds to be put directly in bank accounts: CBDT

Jun 23, 2015

All I-T refunds to be put directly in bank accounts: CBDT

The department is also planning to fully adopt and use banking services to end the current system of sending I-T refunds over the value of Rs 50,000 via cheques through the postal department. #Income Tax Department #CBDT #Anita Kapur #PolicyWatch
Finance ministry to issue FAQs on new black money law soon

Jun 11, 2015

Finance ministry to issue FAQs on new black money law soon

The Income Tax department is working on the "grey areas" with regard to the compliance window and is deliberating on the period to be given for disclosure and following time for payment of tax, official sources said. #Economy #NewsTracker #Lok Sabha #Income Tax Department #Arun Jaitley #Black money law
Aberdeen gets MAT relief: Bombay HC stays tax notice slapped on fund house

May 06, 2015

Aberdeen gets MAT relief: Bombay HC stays tax notice slapped on fund house

Tax experts are divided on whether the court's action will provide a major relief for the foreign investors #Income Tax Department #Arun Jaitley #FII #FPI #MAT #Aberdeen
Abdulqawi Yusuf named third arbitrator in Vodafone tax tussle

Apr 23, 2015

Abdulqawi Yusuf named third arbitrator in Vodafone tax tussle

The dispute is over tax liability arising out of Vodafone's 2007 purchase of Hutchison Whampoa Ltd's Indian assets. #Vodafone #NewsTracker #Income Tax Department #International Court of Justice #Hutchison Whampoa #Abdulqawi Yusuf
Ashish Khetan vs the Bhushans: The politics of AAP just got dirtier

Apr 21, 2015

Ashish Khetan vs the Bhushans: The politics of AAP just got dirtier

With no side showing any intention of backing out, the fighting between AAP and the Bhushan family is only getting uglier by the day. #Politics #Shanti Bhushan #Prashant Bhushan #PIL #PoliticalPlay #Income Tax Department #Yogendra Yadav #Aam Aadmi Party #AAP #Ashish Khetan
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