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I-T Dept demands Rs 4,800 cr tax from Sahara India

Last Updated: Thursday, July 03, 2014, 20:51

The Supreme Court will be hearing the plea for the release of Subrata Roy on Friday.

I-T dept to set up new data centre to check tax evasion

Last Updated: Friday, April 25, 2014, 15:26

To fasten the process of identifying tax evaders, the Income Tax department has decided to set up a major data centre of such classified information on the lines of the existing two such centres on e-filing and TDS information.

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.

Issue TDS certificates on time to customers: RBI to banks

Last Updated: Wednesday, November 06, 2013, 22:24

The RBI Wednesday asked banks to put in place systems to enable timely issuance of TDS certificates to their customers.

IT industry raises service tax, TDS issues with Shome panel

Last Updated: Thursday, August 08, 2013, 15:31

Amidst its tax woes, the IT industry raised issue of service tax refunds and interpretation on tax deducted at source (TDS) on softwares with Finance Ministry's high-level committee.

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.

Nokia tax appeal dismissed, co says disappointed with decision

Last Updated: Friday, May 31, 2013, 18:46

The company said it is examining all options, including going to Delhi High Court.

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.

Kingfisher moves SC on payment of TDS to IT department

Last Updated: Wednesday, January 16, 2013, 18:02

A bench headed by Chief Justice Altamas Kabir agreed to hear the case on Monday as senior advocate Mukul Rohatgi mentioned the matter before it.

I-T finds 'prima facie defaults' by Nokia in TDS deductions

Last Updated: Wednesday, January 09, 2013, 21:53

"Some more clarifications have been sought from the executives of the company," an I-T release said.

Bankers seek slew of tax incentives in next Budget

Last Updated: Tuesday, January 08, 2013, 23:01

Bankers have demanded tax sops like increasing the TDS limit on fixed deposit to Rs 25,000, incentives for investment in infrastructure bonds and a reduction in the lock-in period for tax saving deposits to three years.

TDS exempted on certain payments to reduce compliance burden

Last Updated: Friday, January 04, 2013, 23:12

The Revenue Department has exempted tax deduction at source (TDS) on certain payments like, bank guarantee commission and charges for warehousing services for commodities, to reduce compliance burden on businesses.