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Govt may cut capital gains tax on PEs unlisted stocks to 10%
News & FAQs | By ALOK PATNIA | Apr 23, 2012
According to the Economic Times Report:The finance ministry is set to halve the tax burden to keep alive the interest of private equity (...
GAAR proposals may be diluted
News & FAQs | By ALOK PATNIA | Apr 21, 2012
Government may dilute some provisions of the proposed General Anti-Avoidance Rule (GAAR) to relieve investors who are anxious about the p...
Pranab Allays US Fears on Retro Tax Issue
News & FAQs | By ALOK PATNIA | Apr 21, 2012
On Thursday India offered reassuring clarifications on new tax laws that have caused high fit of anger and irritation in US trade circles...
Income Tax Department is conducting raid operations
News & FAQs | By ALOK PATNIA | Apr 20, 2012
Income Tax officials of Guwahati started conducting raid operations across the state on 18th April 2012. According to the Times of India ...
IT Department has no record of refund claims
News & FAQs | By ALOK PATNIA | Apr 19, 2012
Income-Tax (IT) department of Andhra Pradesh has no record of the total refund claims either cleared or pending with it, over the last 10...
Charging Prepayment Penalty on Home Loans Restricted By RBI
News & FAQs | By ALOK PATNIA | Apr 19, 2012
RBI restricted in relation to charging prepayment penalty on home loans. Therefore, home loan customers will have greater flexibility to ...
IOC – Reduce excise duty or we hike petrol price by Rs 10/l
News & FAQs | By ALOK PATNIA | Apr 18, 2012
Market leader Indian Oil Corporation indulged in grand standing on Tuesday by saying state-run retailers would raise petrol price by a...
RBI Cuts Repo Rate By 50 Bps To 8.00%, Reverse Repo Rate Cut By 50 Bps To 7.00%, CRR Unchanged At...
News & FAQs | By ALOK PATNIA | Apr 17, 2012
According to the RBI , its policy repo rate cuts to 8.00 percent, compared with expectations for a 25 basis point cut in a Reuters poll. ...
Whether Service Tax is applicable for Advertising Agencies?
News & FAQs | By ALOK PATNIA | Apr 16, 2012
Today Taxmantra would discuss about whether service tax is applicable for advertising agencies or not. Further to budget 2012, there are ...
Online Return Filing Gets Easy
Direct Taxes (including International Taxation) | By ALOK PATNIA | Apr 12, 2012
Individuals will no more require to submit hard copy of the ITR-V to the CPC even after filing online return without Digital Signature. G...
Tax Audit limit & 44AD limit Increased – Budget 2012
News & FAQs | By ALOK PATNIA | Apr 9, 2012
Business man and Professionals can now celebrate as budget 2012 has increased the limit for audit of the books of accounts u/s 44AB and u...
E-Returns soars record high
News & FAQs | By ALOK PATNIA | Apr 6, 2012
Every individual, HUFs, Company is mandatorily required to file their Income Tax return to the Income Tax Department for every Financial ...
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