Income Tax News

Loading, Unloading, Packing, Storage and Warehousing of Rice also Exempted from Service Tax

17 February 2014 at 13:51

Loading, Unloading, Packing, Storage and Warehousing of Rice also Exempted from Service Tax; Cord Blood Banks also get the Same Relief Finance Minister, Shri P. Chidambaram has proposed to exempt loading, unloading, packing, storage and warehousing o

Posted in Income Tax | 12 comments | 25053 Views

Major Relief for Education Loan Borrowers, 9 Lakh Student Borrowers to Benefit

17 February 2014 at 13:43

The Union Finance Minister Shri P. Chidambaram has announced a Moratorium period for all education loans taken-up to 31.3.2009 and outstanding on 31.12.2013. Government will take over the liability for outstanding interest as on 31.12.2013, but the b

Posted in Income Tax | 21 comments | 32454 Views

Fiscal Deficit to be Contained at 4.6 Per Cent of GDP in 2013-14

17 February 2014 at 13:40

The fiscal deficit for the financial year 2013-14 will be contained at 4.6 per cent of GDP. Stating this in his Interim Budget speech for the financial year 2014-15, the Finance Minister, Shri P. Chidambaram, said that the Current Account Deficit (CA

Posted in Income Tax | 16242 Views

Direct Taxes Code (DTC) to be put on the website of the ministry for public discussion

17 February 2014 at 13:34

Direct Taxes Code (DTC) will be put on the website of the Ministry of Finance for a public discussion without partisanship or acrimony. This was stated by the Finance Minister, Shri P. Chidambaram while presenting Interim Budget 2014-15 in Parliament

Posted in Income Tax | 6 comments | 28953 Views

The Finance Bill, 2014

17 February 2014 at 13:03

The Finance Bill, 2014

Posted in Income Tax | 9 comments | 43323 Views

Budget Highlights 2014-2015

17 February 2014 at 12:59

Budget Highlights 2014-2015

Posted in Income Tax | 2 comments | 30021 Views

Interim Budget 2014-2015 -Speech of P. Chidambaram

17 February 2014 at 12:56

Interim Budget 2014-2015 Speech ofP. ChidambaramMinister of Finance February 17, 2014 Madam Speaker,INTRODUCTION I rise to present the Interim Budget for 2014-15. The Current Economic Situation2. As I prepared to write this spe

Posted in Income Tax | 3 comments | 29484 Views

Non-Filing of ITR-V in returns with refund claims-relaxtion of time-limit for filing ITR-V and processing of such returns -regarding

11 February 2014 at 17:19

Non-Filing of ITR-V in returns with refund claims-relaxtion of time-limit for filing ITR-V and processing of such returns –regarding Circular no 04/2014 Dated 10th february 2014

Posted in Income Tax | 31065 Views

Government's Clarification on the Reports that Finance Ministry Pays interest on Excess Tax Refund

10 February 2014 at 11:23

This is with reference to the news report appearing in certain section of media that the Finance Ministry pays Rs.37, 365 cr. in interest on excess tax refund and similar reports. The emphasis of these reports is that huge interest was paid by the Go

Posted in Income Tax | 1 comments | 21798 Views