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EC seeks cancellation of tax benefits to 10 political parties

Last Updated: Sunday, April 20, 2014, 09:40

The Election Commission has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body.

CBDT ask officials to ensure M&As do not defraud revenue

Last Updated: Sunday, April 13, 2014, 12:26

As per the procedure, M&As are required to be vetted by the high court concerned.

Nokia yet to come up with concrete proposal to settle tax row: CBDT

Last Updated: Monday, March 24, 2014, 21:46

Nokia India Pvt Ltd so far has not come to the Central Board of Direct Taxes (CBDT) with a concrete proposal to settle its tax row with the department, a senior finance ministry official said Monday.

Hopeful of achieving direct tax collection target of FY14: CBDT

Last Updated: Monday, March 24, 2014, 20:03

Pinning hopes on last minute rush of payment of taxes by corporate and individuals, the government is hopeful of achieving revised direct tax collection target of Rs 6.36 lakh crore for this fiscal.

Over 50,000 cr revenue still to come; CBDT cancels all leave

Last Updated: Sunday, March 23, 2014, 14:40

According to official data, as of March 20, the I-T department needs to further achieve a net collection of Rs 50,204 crore before the current fiscal closes this month end.

CBDT extends deadline for sending ITR-V by post

Last Updated: Tuesday, February 11, 2014, 17:13

According to rules, once a taxpayer files his e-return, he or she needs to send his ITR-V by post within 30 days.

New PAN allotment norms put on hold; old procedure to continue

Last Updated: Friday, January 31, 2014, 00:10

New norms for issuing of PAN (Permanent Account Number) cards have been put on hold by the Finance Ministry.

New PAN allotment norms put on hold; old procedure to continue

Last Updated: Thursday, January 30, 2014, 21:50

New norms for issuance of PAN card requiring verification of original documents have been put on hold with the Finance Ministry on Thursday announcing that the existing procedure will continue.

New PAN card to cost Rs 105

Last Updated: Tuesday, January 28, 2014, 15:14

New PAN cards issued by the Income Tax department will cost Rs 105, including taxes.

New house rent allowance exemption rule: How it will affect you

Last Updated: Thursday, December 05, 2013, 13:55

In conversation with <b>Reema Sharma</b> of ZeeBiz.com <b>Tarun Gupta</b>, Managing Director, Mangla Consulting explains the details of how to go about claiming the HRA exemption.

New HRA exemption rule: How it will affect you

Last Updated: Saturday, November 23, 2013, 11:51

Many employees are finding it difficult to arrange for the new formalities while claiming their HRA exemption.

Tax Reform Commission to submit first report in 6 mths: Shome

Last Updated: Monday, October 21, 2013, 19:26

Tax Administration Reform Commission (TARC), set up by the Finance Ministry to suggest measures to prevent economic offences among other things, held the first meeting Monday and is expected to submit its report in six months.