Last Updated: Sunday, July 06, 2014, 18:00
The first Budget of the Narendra Modi government would do well to initiate steps that would restore domestic savings rate level to at least 35 percent of GDP through tax incentives, says industry body CII.
Last Updated: Wednesday, June 05, 2013, 18:18
Failure to deposit timely and correct TDS or TCS will now attract a penalty ranging from Rs 200 to Rs one lakh by the Income Tax department.
Last Updated: Monday, June 03, 2013, 18:16
Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.
Last Updated: Sunday, March 10, 2013, 09:07
The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers' salaries.
Last Updated: Friday, February 22, 2013, 19:31
Finance Minister P Chidambaram will launch the Centralised Processing Cell for Tax Deducted at Source (CPC-TDS) tomorrow, a move likely to ease the compliance procedure for taxpayers.
Last Updated: Tuesday, January 08, 2013, 18:10
Sources said the I-T department is looking for some alleged mismatch in payments made by the company under the Tax Deducted at Source (TDS) category.
Last Updated: Wednesday, May 02, 2012, 18:45
Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate details and ensuring filing of corrective returns from July 1.
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