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SSN MOORTHY
- OECD countries see sharp downturn in tax collectionThe figures compiled by the body that has 34 countries as members with an additional four countries as observers, show that the tax-GDP rat...
- Finmin, CBDT told to amend transfer pricing normsIndia’s TP rules currently cover cross-border transactions between related parties, such as the Indian arm of a foreign company and its ove...
- Not aggressive on Vodafone tax case: IT departmentAfter slapping over Rs 11,000 crore tax notice on Vodafone over its deal with Hutch, the income tax department today said it is not "unnece...
- Specify Voda’s tax liability: SC to I-T deptThe Supreme Court has asked the tax authorities to state Vodafone’s exact tax liability before hearing the entire matter on October 25.
- Transfer pricing clearance norms may be eased: CBDT chairmanTHE government will soon allow Indian units of foreign companies to file tax returns without the scrutiny of tax authorities, a move that w...
- Other cross-border deals like Vodafone under tax lens: OfficialTax authorities had slapped a showcause notice on Vodafone asking why tax should not be imposed on acquisition of Hutchison stake in Indian...
- Tax officials on month-long strike on outsourcing contract to InfosysAn outsourcing contract to Infosys, has resulted in an unexpected reprieve for those with income to hide.Irked by the contract, officials o...
- FinMin also looking into allegations of irregularity in CWGThe Finance Ministry on Friday said that it too is verifying the documents to check financial irregularities in award of works related to t...
Tax collection shows no effect of Europe on IndiaCBDT chairman, SSN Moorthy, explains the progress in drafting this revolutionary law and its possible impact on revenue collections in conv...- Revised draft of Direct Taxes Code in 1-2 months: CBDT chiefThe government on Wednesday said that the revised draft of the Direct Taxes Code (DTC), aimed at simplifying the tax structure, would be re...
- IRS, ITAT top officers jump ship for private sector jobsMany officers are likely to take up pvt jobs.
- All IPL franchise owners come under tax scannerThe income-tax department will issue notices to the owners of the ten IPL franchisees early next week as the probe gathers momentum. IPL: T...
- Direct tax mop-up may fall short by Rs 30k crDirect tax collections are set to fall short of the revised target in FY10, making the current fiscal year the second in a row in which the...
- Collection of direct tax misses target againThe direct tax collection for 2009-10 fell short of target for the second time in a row due to lower payment by foreign banks and fewer mer...
- I-T dept wants cos to make advance-tax payments in fullThe Income-Tax (I-T) department in Mumbai is summoning CEOs and CFOs of mid-size companies with the objective to communicate to them that a...
- Direct tax mop-up may rise 15% by Dec: CBDT chiefCentral Board of Direct Taxes (CBDT), the apex body that administers corporate and personal income-tax, expects a 10-15% year-on-year incre...
- Officials hearing transfer pricing cases kept out of dispute panelTo ensure impartiality in adjudication of transfer pricing disputes, the CBDT has decided that commissioners associated with transfer prici...
- We count on MAT to take care of goodiesThere is an attempt to give concessions to the common taxpayer, says CBDT chief.
- Mumbai tax mop-up paints rosy pictureIn an indication that first-quarter direct tax collections could beat expections, tax deducted at source (TDS) collections in Mumbai were u...
- Black money: Notice to 50 Indians with LGT a/csThe list, provided by the German govt, reportedly contain the names of prominent Indian businessmen and industrialists. World's top tax hav...
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