Income Tax News

Now E payment can be made from any other person's account

18 July 2008 at 20:57

The Central Board of Direct Taxes (CBDT) have vide notification S.O.No.493(E) dated 13.3.2008 notified the categories of taxpayers who are mandatorily required to electronically pay taxes on or after the 1st day of April, 2008. A company and such oth

Posted in Income Tax | 2 comments | 6366 Views

Warning! Anyone can hack into your tax records online

15 July 2008 at 10:51

For those who prefer to e-file their returns, the current system offers little safety from cyber cons, If you are thinking of filing your income tax returns online, think twice.

Posted in Income Tax | 6 comments | 9390 Views

It's better to file physical returns as online mode is complicated

15 July 2008 at 00:02

It's better to file physical returns as online mode is complicated, doubles work, Salaried individuals these days can pay most bills online.

Posted in Income Tax | 1 comments | 10266 Views

Filing tax? Take your documents along

04 July 2008 at 17:48

IT officers may ask for the same while filing, Come July 31 and it is time to file the income tax return (ITR).

Posted in Income Tax | 12273 Views

Robust growth in direct tax collection

19 June 2008 at 11:03

Net direct tax collections in the first two months of the present fiscal stood at Rs.22,840 crore, up from Rs.13,335 crore, registering a growth of 71.28 percent. Growth in Corporate Taxes was 68.05 percent (Rs.8,126 crore as against Rs.4,835 crore),

Posted in Income Tax | 4326 Views

If you can help it, pay your tax online

17 June 2008 at 11:52

The process obviates a visit to the CA and the long queues at the bank and the tax office, Online filing of income tax appears to have caught on since the shift from Saral to the Indian Income Tax

Posted in Income Tax | 7665 Views

FM seeks higher tax receipts goal: milking mirage?

10 June 2008 at 11:07

Economists say duty cuts, slowdown, poor markets and lower consumption will crimp tax receipts, Rising tax collections in the last four years and expectations that more people

Posted in Income Tax | 3390 Views

Direct tax collections at Rs.3,14,468 crore for 2007-08

07 June 2008 at 00:55

The Finance Minister Shri P. Chidambaram will inaugurate the 24th Annual Conference of Chief Commissioners & Directors General of Income Tax here on coming Monday. The valedictory address will be given by Minister of State for Finance Shri S.S. Palan

Posted in Income Tax | 3450 Views

India Signs Double Taxation Avoidance Agreement with Luxembourg

03 June 2008 at 10:39

Government of India signed a Double Taxation Avoidance Agreement (DTAA) with the Government of the Grand Duchy of Luxembourg for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on Income and on capital,

Posted in Income Tax | 4716 Views

Income-tax officers are now demanding annexures with IT returns

28 May 2008 at 13:44

The income-tax department in Mumbai appears to be reversing the finance ministry's efforts to simplify the filing of tax returns. Last year, in an effort to reduce the paperwork

Posted in Income Tax | 1 comments | 15228 Views