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News & FAQs
Finalise Plan to Provide Portable PF Account Nos. – EPFO
News & FAQs | By ALOK PATNIA | May 7, 2012
As per The Economic Times: Organised workers may soon be able to maintain their retirement savings while changing jobs because the Employ...
RBI eases norms to boost inflows as rupee weakens
News & FAQs | By ALOK PATNIA | May 5, 2012
To attract inflows in view of falling rupee, the Reserve Bank today raised the interest rate ceiling on NRI deposits in foreign currencie...
Bank A/c of APBCL freezed by IT Deptt.
News & FAQs | By ALOK PATNIA | May 5, 2012
A major Foreign liquor arm of the Andhra Pradesh government is caught in a row with the Income Tax Department. The Income Tax Department,...
Government May Relax Excise Duty on Gold Jewellery
News & FAQs | By ALOK PATNIA | May 5, 2012
As per Business Standards: Jewellers may heave a sigh of relief as the government may withdraw the new excise duty proposals on the secto...
Government Targeted TDS to Raise Revenue
News & FAQs | By ALOK PATNIA | May 4, 2012
Attempting to raise revenue, the government has targeted Tax Deducted at Source (TDS) and proposed penal provisions for inaccurate detail...
Tax-Free Infra Bonds May Earn Lower Return
News & FAQs | By ALOK PATNIA | May 4, 2012
As per The Economic Times of India: It has been decided by government to clamp down on excessively high interest rates and commissions pa...
Vodafone ignored communication from CBDT regarding tax liability
News & FAQs | By ALOK PATNIA | May 3, 2012
CBDT has clarified the fact that Vodafone cannot state that no communication from the Income tax department regarding tax liability was r...
NHAI Still to Pay Commission to Their Brokers
News & FAQs | By ALOK PATNIA | May 3, 2012
Four months have passed from January 2012 till now since the National Highways Authority of India (NHAI) raised Rs 10,000 crore through a...
Tax Amendments won't Hit Foreign Funds
News & FAQs | By ALOK PATNIA | May 2, 2012
According to Business Standard: Amid concern that amendments in the Income Tax Act proposed in Finance Bill, 2012, would hit foreign inve...
Government's efforts of widening Tax base are not paying off
News & FAQs | By ALOK PATNIA | May 2, 2012
The government’s efforts to widen the tax base are not paying off as numbers of new tax payers added over the past three years show...
Income Tax Disputed amount raised to Rs 4.37 lakh crore
News & FAQs | By ALOK PATNIA | May 1, 2012
There has been a sharp rise in 2011of amount of money locked in income tax disputes. The disputed amount locked with Income Tax departmen...
New Process of Filing Tax Return Becomes More Taxing
Direct Taxes (including International Taxation) | By ALOK PATNIA | May 1, 2012
According to The Economic Times: The Finance Bill 2012Â proposes that new process of filing tax return is becoming more taxing.One shoul...
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