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CII on Budget: Help restore higher domestic savings rate

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.

Failure to deposit TDS on time will attract penalty

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.

I-T to scan salary slips of top executives for TDS

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.

I-T to initiate action against big TDS defaulters

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.

Chidambaram to launch CPC (TDS) on Saturday

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.

Nokia raided by I-T dept for alleged tax evasion in Chennai

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.

Inaccurate TDS returns may attract penalty from July 1

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.

Inaccurate TDS returns may attract penalty from July 1

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.