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The investigators in France have recently raided Google’s headquarters in Paris for some serious accusations of organised money laundering and aggravated financial fraud. After a long enquiry into Google’s taxation issues, the magistrates have disclosed that this tech giant is evading taxes as it hasn’t been able to give away the complete details of its […]
Ever checked out your bill precisely every time you go and dine out in a restaurant? If yes, your food bill would certainly have been more than what you expected. And in a rush, you don’t even try to cross check for the charges levied and leave the restaurant after paying the bill. The scenario […]
CBDT has recently made a declaration that August 31 is the last date to settle down the income tax returns for all the taxpayers. These pending ITRs belong to 6 assessment years from 2009-10 to 2014-15, which are due for processing and issue of refunds because of the non-filing of ITR-V acknowledgement form at its collection centre based in Bengaluru.
NEW Delhi: Rajya Sabha on Wednesday outfaced a vigorous debate over the VVIP chopper deal after the recently marked government-Congress ceasefire in Parliament. Apparently, this may connote small anticipations for the passage of the much awaited key bills, the Bankruptcy Code Bill and the GST Bill in the days left of the budget session in Opposition-dominated Rajya Sabha.
New Delhi: According to the fresh data disclosed by the government, only 1 percent of the Indian population account as tax payers in the country. Though, for as many as 5430 persons, the tax expenditure was more than Rs. 1 crore, said the latest statistics for the 2012-13 assessment. The overall number of individuals who […]
Government is planning to simplify the efforts for the income tax payers by reducing the assessment time of an individual’s tax returns by picking up random inspection to be done in one year.
For all those who haven’t paid their previous year returns and remain unclear with the old dues, they are to be informed that only a single day is left for them to avoid the penalty of Rs. 5000. The IT department has given notices to the tax non-filers who are unaware of filing their previous […]
The Hon’ble Finance Minister Mr. Arun Jaitley announces a new Cess, Krishi Kalyan Cess at the rate of 0.5% on all taxable services while presenting the third full-year Budget of the current government on February 29, 2016. The Krishi Kalyan Cess has been introduced for the purpose of financing to improve agriculture activities and welfare […]
The recently announced Union Budget 2016-17 has not made a positive impact on many of the Indian salaried employees and left them wondering whether they are rich or poor. But, in this whole mess of provisions, there’s a lot of ways that would help you out in saving your bulk of tax. To help you […]