84 per cent of TDS disputes resolved: Government in Rajya SabhaMinister of State for Finance Jayant Sinha said the government has so far resolved 84 per cent of 49,000 complaints received from the publi...
What individual taxpayers can expect in Budget 2016It is widely expected that the Modi government will raise the basic exemption limit to Rs 300,000 from its current level of Rs 250,000.
CBDT lists norms for faster refund in pending tax demand casesThe CBDT has issued guidelines for expeditious tax refund of up to Rs 5,000 in cases where the department wants to adjust the refund with a...
Easwar panel moots lower TDS rate among new proposals on taxA panel headed by Justice R.V. Easwar has recently come up with several taxpayer-friendly amendments to the tax laws.
Easwar panel on Income tax for raising threshold for TDS deductionA high level panel on simplification of income tax laws today recommended raising the threshold limits for deduction of tax at source (TDS).
Income Tax department developing mobile app for filing returnsOnline filing of tax returns has caught up in a big way in recent years, while filings through mobile apps can make it even easier for the ...
Government preparing roadmap for dealing with tax litigation: Hasmukh Adhia, Revenue SecretaryThe Finance Ministry is preparing a roadmap for dealing with the problem of large number of tax litigations, Revenue Secretary Adhia said t...
Government sets up 10 member panel to simplify income tax lawThe panel, headed by retired Delhi high court judge R V Easwar, has also been tasked with identifying provisions and phrases in the I-T Act.
Delhi High Court imposes cost of Rs 2.5 lakh on N D TiwariThe Delhi High Court today imposed a cost of Rs 2.5 lakh on Congress leader N D Tiwari for his failure to appear for cross-examination.
Having sex with woman on false promise of marriage is rape: HCThe court made the observation while rejecting anticipatory bail plea of Abhishek Jain in a case lodged by his wife alleging that he had se...
Zee News editor Sudhir Chaudhary moves HC for anticipatory bailZee News editor moved the Delhi High Court seeking anticipatory bail in a case registered against him for telecast of a show allegedly base...
No service tax can be levied on chit business: Delhi HCDelhi High Court has quashed the Centre's notification to levy service tax on chit-fund business as it does not fall under the definition o...
I-T notice to Nokia; HC to hear mobile firm's plea on April 17The Delhi HC today posted on April 17 the hearing on a plea of Nokia India Pvt Ltd against a demand notice of over Rs 2,000 cr served on it...
HC issues notice to 5 ministries on PIL against websitesThe Delhi High Court today sought responses from five Central ministries including Home Affairs and Finance on a PIL seeking action against...
Delhi High Court orders defreezing of bank accounts of Patanjali Yogpeeth run by yoga guru RamdevIn a relief to yoga guru Ramdev, Delhi High Court today ordered defreezing of 11 bank accounts of Patanjali Yogpeeth Nyas, sealed by I-T de...
Filing revised I-T return won't save you from penaltyTax rules clearly lay down that funds parked in undeclared bank accounts are considered as income on which full tax and penalty can be levi...
- No FBT on free of cost accessories given by car dealers: HC
Car dealers are not liable to pay Fringe Benefit Tax (FBT) on the extra fitments and accessories that a dealer gives to his customer while ...