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14 Jun 2024

Advance Tax Deadline June 15: Consequences Of Missing Payment

If you miss an advance tax payment, penal interest is charged under sections 234B and 234C.

13 Mar 2019

Compare tax liability declared in final, summary GST returns forms: GSTN

While GSTR-1 for a month is filed by the 11th day of the succeeding month, GSTR-3B is filed and taxes paid by the 20th day of the succeeding month.

Income Tax Dept

13 May 2018

I-T dept to seek share purchase pact from Flipkart to ascertain tax liability

In the Walmart-Flipkart deal, the revenue department will go through the share purchase agreement to ascertain the purpose of investment and the emanating gains.

24 Jun 2018

I-T department writes to Walmart, Flipkart on tax liability

Walmart runs 21 Best Price wholesale stores in India that sell everything from fast-moving consumer goods to furniture to other retailers and institutions.

16 Dec 2017

This is how you can earn Rs 50,000 monthly via investing in mutual funds

You can earn a regular monthly income just by investing a substantial portion into mutual funds.

Ahmedabad businessman

02 Dec 2016

OMG! This Ahmedabad businessman owes Rs 4,500 crore in taxes, but now missing - Read

He had revealed to the authorities that he had not disclosed an income of Rs13,860 crore. That puts him for a direct tax liability of Rs4,500 crore.

19 Aug 2015

No juniors, only senior I-T officials to depose before AAR: CBDT

In order to present the revenue side more effectively in high-value and important cases before the AAR judicial forum, CBDT has decided to stop the practice of sending junior-level Income Tax officials to these hearings and has ordered their seniors to take up the task.

26 Apr 2015

'FII tax liability to be much lower post DTAA benefits'

"The number of FIIs and the amount involved would come down substantially as many of them would be eligible for treaty benefits," a Finance Ministry source told PTI.

Union Budget 2014

10 Jul 2014

Union Budget 2014: APAs to cover previous 4 yrs deals, to reduce TP disputes

With regard to arm's length price for computing tax liability under the transfer pricing rules, he said a new "range concept" would be introduced in line with the international practices.

Union Budget 2014-15

10 Jul 2014

Domestic cos can obtain advance ruling on tax liability

With Rs 4 lakh crore locked in litigations, Finance Minister Arun Jaitley Thursday proposed to allow domestic companies to obtain advance ruling with regard to their direct and indirect tax liabilities.

08 Jun 2014

Vodafone facing tax liability of over Rs 27,000 cr in India

Vodafone said that its Indian subsidiary had received a letter in January last year from the authorities reminding it of the tax demand of Rs 14,200 crore in relation to the dispute over acquisition of Hutchinson in 2007.

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