tax-news - Latest News on tax-news | Read Breaking News on Zee News

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.

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.

G20 agree to plug tax loopholes, share tax info automatically

Last Updated: Sunday, February 23, 2014, 14:34

World's 20 leading economies Sunday agreed to start automatic sharing of tax information by end 2015, while emphasising that multinational corporations be taxed in countries where they earn their profits.

OECD delivers new global standard to target tax cheats

Last Updated: Sunday, February 23, 2014, 12:17

The OECD on Sunday delivered a new global standard to crack down on tax evasion with more than 40 countries already committing to the measures.

Customs tax evasion of Rs 3,972-cr detected till Dec 2013: Govt

Last Updated: Tuesday, February 18, 2014, 16:19

Government has detected customs tax evasion of Rs 3,792 crore in 14 states till December in the current fiscal 2013-14, Parliament was informed Tuesday.

Vodafone indecisive on conciliation talks: Chidambaram

Last Updated: Tuesday, February 18, 2014, 15:35

UK-based Vodafone is unable to make up its mind whether to go forward with conciliation and it is now upto the revenue department to enforce the tax notice on it, Finance Minister P Chidambaram said Tuesday.

Revenue Dept cracks whip on service tax evaders

Last Updated: Monday, January 20, 2014, 20:52

"27 persons have been arrested all over the country for evading service tax. These arrests were made between August 2013 to January 14, 2014 period after the government got the power to crack the wip on service tax evaders.

Govt warns of tough action against service tax evaders

Last Updated: Monday, December 30, 2013, 16:06

The Voluntary Compliance Encouragement Scheme (VCES), which came into effect from May 10, allows a service tax defaulter to pay dues without any penalty or late payment charges.

Service tax offices to remain open on Dec 28-29

Last Updated: Friday, December 27, 2013, 23:28

All offices handling service tax will remain open Saturday as well as the day after (Sunday) to avoid last minute for rush those who want to avail the benefit of one time service tax amnesty scheme.

Indirect tax collections up 5% in Apr-Nov

Last Updated: Sunday, December 22, 2013, 11:17

Excise collection dropped 5.1 percent during the period to over Rs 1,03,629 crore, against Rs 1,09,180 crore in the same period in the last fiscal year, reflecting slump in manufacturing activity.

E-payment must for excise, service tax of Rs 1 lakh

Last Updated: Wednesday, November 27, 2013, 20:24

Assessees paying excise duty and service tax of Rs 1 lakh will have to mandatorily pay the levies electronically with effect from January.

Tax evaders can be traced, warns Chidambaram

Last Updated: Tuesday, November 26, 2013, 23:27

Cautioning tax evaders, Finance Minister P. Chidambaram Tuesday said the central government was in a position to trace defaulters by constructing their full profile and possessed dossiers on them.