Income Tax News

Higher TDS rate if PAN not disclosed

23 July 2008 at 17:46

Higher TDS rate if PAN not disclosed The move is being viewed as an effort by the government to expand the taxpayer base. Companies and individuals who do not reveal their Permanent Account Number (PAN) while receiving income from any sour

Posted in Income Tax | 13 comments | 8211 Views

IT returns to be filed without TDS certificates

19 July 2008 at 12:53

The Central Board of Direct Taxes have vide notification S.O.No.752(E) dated 28.3.2008, notified the return forms for the assessment year 2008-09. With a view to enabling tax-payers to file returns in the electronic mode, these returns (except ITR-7)

Posted in Income Tax | 2 comments | 14511 Views

Professional tax may raise for Professionals

18 July 2008 at 21:28

Doctors, lawyers and other professionals both salaried and self employed may now have to pay a higher professional tax.Acceding a long-pending demand of the state governments, the Centre has decided to raise the ceiling on professional tax from Rs 2,

Posted in Income Tax | 1 comments | 11535 Views

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 | 6354 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 | 9378 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 | 10251 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 | 12270 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 | 4314 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 | 7629 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 | 3369 Views