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CBDT Press Release - e-Tds

14 February 2008 at 13:27

No.402/92/2006-MC (10 of 2008) Government of India / Ministry of Finance Department of RevenueCentral Board of Direct Taxes*** New Delhi dated the 12th February 2008 PRESS RELEASE All tax deductors / &

Posted in Income Tax | 8004 Views

OBUs Likely To Lose Tax Breaks

13 February 2008 at 21:34

Withdrawing direct tax benefits to offshore banking units (OBU) on the profits earned from special economic zones (SEZs)is a new proposal of the Finance Ministry. This could prove a major setback to developers, as tax exemptions and other benefits to

Posted in Income Tax | 3249 Views

Exempt New Pension Scheme Also From Tax Regime: PFRDA's Urge

13 February 2008 at 21:34

Exempt New Pension Scheme Also From Tax Regime: PFRDA's Urge The Pension Fund Regulatory and Development Authority (PFRDA) has sought parity in tax treatment for the New Pension Scheme (NPS) for government employees with the Employees Provident

Posted in Income Tax | 5010 Views

Wider Service Tax Net May Nip Hard

13 February 2008 at 21:34

Wider Service Tax Net May Nip Hard The service tax net is likely to be stretched and more items will be brought under its ambit. Hotel room tariffs, domestic air travel (business class) and the premium on life insurance policies are

Posted in Income Tax | 3879 Views

Costing Standards and Cost Audit to be Reviewed:Experts

13 February 2008 at 21:34

Costing Standards and Cost Audit to be Reviewed:Experts Reviewing of cost accounting and cost audit is a new order from the Government. Cost accounting, through the determination and allocation of costs to various products, provides a valu

Posted in Students | 6162 Views

Demat of TDS certificates may be deferred again

12 February 2008 at 12:38

Demat of TDS certificates may be deferred againDematerialisation of tax deducted atsource (TDS) certificates is likely to be deferred by a year from the proposeddate of April 1, 2008.The scheme was originally scheduled to come into effect from April

Posted in Income Tax | 1 comments | 5250 Views

Budget allocation for minorities to double

13 February 2008 at 21:34

Budget allocation for minorities todouble In what is likely to be fodder for the Opposition BJPbefore the elections, the coming Union Budget is likely to double theallocation for minorities' welfare schemes. Sources said the focus on

Posted in Income Tax | 1 comments | 2889 Views

Dividend tax rate may come down to 12.5%

12 February 2008 at 11:57

Dividend tax rate may come down to 12.5%The Union budget may reduce the dividend distribution tax (DDT) rate from 15% to 12.5%. which was hiked in the last budget, citing "vertical equity." A reduction may encourage corporates to sh

Posted in Income Tax | 6066 Views

Budget Session Commences on February 25

12 February 2008 at 10:17

Budget Session Commences on February 25 The commencement of the Budget Session will be on the 25th of February. The session will conclude on May 9, contingent on government business. The session will also have a break from March 20 to April 15 for th

Posted in Income Tax | 2676 Views

Restructuring in Duty structure in process : Budget

09 February 2008 at 17:40

Rejig in Duty structure in process : Budget A re-arrangement in Duty Structure to correct the current tax structure in certain sectors maybe on the cards as said by Finance minist

Posted in Community & General | 3660 Views