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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.

73% of direct tax target collected till February

Last Updated: Sunday, March 02, 2014, 12:20

With over 73 percent of its revenue target collected by February, the Income Tax department is hopeful of achieving a full kitty of direct tax collection of Rs 6.36 lakh crore by the end of this financial year on March 31.

IT raids on three business houses, recovers Rs 60 cr

Last Updated: Saturday, March 01, 2014, 00:55

Income Tax department has recovered Rs 60 crore of undisclosed income from three business houses following a raid at 35 places in the state, sources said.

Last date for filing ITR-V for 3 AYs extended till March 31

Last Updated: Wednesday, February 26, 2014, 22:23

The revenue department has extended till March 31 the time-limit for filing ITR-V Forms for Assessment Years 2009-10, 2010-11 and 2011-12, for returns that have been e-filed with refund claims.

No tax evasion angle to probe in Radia tapes: I-T to SC

Last Updated: Sunday, February 23, 2014, 20:57

The Income Tax department has found no instance of tax evasion after going through the entire range of intercepted conversations of corporate lobbyist Niira Radia on directions of the Supreme Court in connection with the 2G case.

Tax dept finalises response to Vodafone's BIPA notice

Last Updated: Sunday, February 23, 2014, 12:31

The Income Tax department plans to rebut Vodafone's notice under BIPA saying that the pact between India and Netherlands does not cover taxation issues.

No tax evasion angle to probe in Radia tapes: I-T to SC

Last Updated: Sunday, February 23, 2014, 10:38

The Income Tax department, on directions of the Supreme Court in connection with the 2G spectrum allocation case, has found no instance of tax evasion after going through the entire range of intercepted conversations of corporate lobbyist Niira Radia.