Taxpayers Corner News

Tax on fees for technical services in secondments an enigma

28 April 2009 at 13:47

Authorities have looked at different aspects to decide on the taxability of remittance made Author : Sandeep Ladda & Kapil Sirsalewal/DNAThe opening of the Indian economy has witnessed an exponential growth in investment by foreign companie

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Online filing of I-T returns quadruples

14 April 2009 at 10:33

Jumps to 5.8 lakh in 2008-09 vis-à-vis 1.43 lakh a year ago Author : Khyati Dharamsi/DNAThe online mode of filing tax returns seems to be gaining popularity with the aam admi. According to the income tax department data, online fi

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Banking cash transaction tax abolished

03 April 2009 at 13:09

Taxpayers will not have to pay the levy on withdrawal of cash from banks with the government withdrawing the Banking Cash Transaction Tax (BCTT) from Wednesday. The government had introduced 0.1 per cent BCCT in 2005 on cash withdrawals of more

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PAN Card charges Increased from 1st April 09

31 March 2009 at 14:53

W.e.f. 01.04.2009 the NSDL has stepped up the cost for PAN card (New PAN / Change / Correction) from present Rs. 60 plus Service Tax to Rs 85 plus service Tax. Thus, now one will have to pay Rs.94.

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Revised budget estimates suspect

09 March 2009 at 13:58

Overstating receipts; optimistic on plan spending? Author : S Gangadharan/DNAContent :The revised figures of Budget 2008-09 seem to be based on poor fiscal marksmanship.If the total resource mop-up is to conform to the now projected Rs 574,438 crore,

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Relaxation from compulsory filing of E-return for representative assessee

25 September 2008 at 12:43

RELAXATION FROM COMPULSORY FILING OF E-RETURN OF INCOME FOR AY 2008-09 FOR REPRESENTATIVE ASSESSEE OF NON-RESIDENTSPRESS RELEASE, DATED 23-9-2008The Central Board of Direct Taxes, vide notification S.O. No. 752(E) dated 28.03.2008, inter-alia, notifi

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