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IT Dept surveys Sesa Sterlite offices on tax refund claims

Last Updated: Friday, March 21, 2014, 21:13

The Income Tax Department on Friday conducted 'survey' at different offices of Sesa Sterlite, the main operating company of London-listed Vedanta Resources, in connection with about Rs 1,500 crore tax refund claimed by the company.

I-T dept website to get a face-lift, invites suggestions

Last Updated: Friday, March 21, 2014, 17:57

The Income Tax department is set to overhaul its official website for better taxpayer interface and has invited suggestions from public in order to make the portal more user friendly.

I-T dept creates 56 new ASK offices for taxpayers

Last Updated: Wednesday, March 19, 2014, 16:39

In order to create better facilities for taxpayers, the Income Tax department has created 56 new outreach centres across the country during this financial year.

Advance tax: Banks, cement cos falter, but IT firms payout up

Last Updated: Tuesday, March 18, 2014, 23:04

The ongoing gloom on economic front has led to concerns on advance tax collections from banking and cement sectors, but information technology companies seem to be delivering well, Income tax officials said Tuesday.

Cairn Energy suspends share buyback due to tax dispute

Last Updated: Tuesday, March 18, 2014, 16:11

Cairn Energy had in October last year announced a USD 300 million programme to buy-back shares for cancellation.

Last date for advance tax payments extended to March 18

Last Updated: Friday, March 14, 2014, 19:52

The government on Friday extended the last date for payment of final installment of advance tax for financial year 2013-14 to March 18 from March 15 earlier.

Indirect tax refunds at Rs 43,409 cr in Apr-Feb

Last Updated: Tuesday, March 11, 2014, 20:06

The revenue department refunded Rs 43,409 crore in customs, excise duty and service tax refunds in April-February this fiscal, which was 27.4 percent higher than that in the same period last year, the government said Tuesday.

DEC keen to curb flow of black money

Last Updated: Monday, March 10, 2014, 21:57

To curb flow of black money in run up to Lok Sabha polls, Delhi Election Commission directed Income Tax department to keep vigil on movement of cash exceeding Rs 10 lakh through city airports.

TDS due date extended till Mar 31 for govt deductors

Last Updated: Thursday, March 06, 2014, 22:43

The Revenue Department has extended the due date of filing TDS and TCS for 2012-13 and 2013-14 till March 31 in case of government deductors.

Indo-Netherlands BIPA pact doesn't cover taxation: FinMin

Last Updated: Tuesday, March 04, 2014, 19:16

"Tax department has sent its response to Vodafone saying BIPA does not cover tax issues," an official source said.

Black money: India posts IRS officers in 7 nations except Cyprus

Last Updated: Tuesday, March 04, 2014, 15:11

As part of its strategy to curb offshore tax evasion and promote foreign investment, India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, USA and France.

SC asks Nokia to settle tax row with IT department

Last Updated: Monday, March 03, 2014, 23:33

Further, the failure to resolve it would lead to more difficulty as negotiations with the government have broken down.