income tax

Photo of maid released in ex-Income Tax officer’s murder


September 13th, 2012 - 10:51 pm ICT by IANS
New Delhi, Sep 13 (IANS) A photo of a part-time maid, suspected to be involved in the murder of a 70-year-old retired woman Income Tax officer here, was released Thursday, ... Read more...

Posted in Uncategorized |

Retired woman income tax officer killed


September 12th, 2012 - 10:52 pm ICT by IANS
New Delhi, Sep 12 (IANS) A 70-year-old retired Income Tax officer was found killed inside her residence here Wednesday, said police adding that robbery seems to be the reason behind ... Read more...

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Prepare Radia transcripts, apex court tells I-T department


September 6th, 2012 - 4:59 pm ICT by IANS
New Delhi, Sep 6 (IANS) The Supreme Court Thursday directed the Income Tax (I-T) department to prepare the transcripts of the tapes of Niira Radia's telephone conversations that it had ... Read more...

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India will ensure clarity in tax regulations: Chidambaram


September 3rd, 2012 - 7:00 pm ICT by IANS
New Delhi, Sep 3 (IANS) Finance Minister P. Chidambaram Monday assured investors that the government would bring clarity in tax regulations and take necessary measures to ensure a stable ... Read more...

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926 bank branches to accept advance income tax


August 22nd, 2012 - 8:47 pm ICT by IANS
Mumbai, Aug 22 (IANS) In a bid to make tax filing easier, the Reserve Bank of India (RBI) Wednesday directed 926 branches of public and private sector banks in Mumbai ... Read more...

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Plumber Melvyn Careswell jailed for tax evasion


July 27th, 2012 - 11:07 pm ICT by Aishwarya Bhatt
Epsom, July 27 (THAINDIAN NEWS) Melvyn Careswell has been sentenced to one year in jail for tax evasion. Careswell is said to have evaded paying income tax worth 50,000 dollars. HM Revenue ... Read more...

Posted in World News |

How much more tax, ask upset Bollywood actors


July 2nd, 2012 - 9:00 pm ICT by IANS
Mumbai, July 2 (IANS) The government's decision to levy 12 percent service tax on film and TV actors has left many fuming. While veteran actress Hema Malini feels it ... Read more...

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Former CPI-M MP’s husband and son-in-law held for forgery


June 10th, 2012 - 5:47 pm ICT by IANS
Kolkata, June 10 (IANS) Former Communist Party of India-Marxist(CPI-M) parliamentarian Sarala Maheshwari's husband Arun Maheswari and son-in-law Amitabh Kejriwal were arrested Sunday on charges of forgery and sent to 10 ... Read more...

Posted in Politics |

Naval war room case: Abhishek Verma arrested with wife


June 8th, 2012 - 10:22 pm ICT by IANS
New Delhi, June 8 (IANS) The Central Bureau of Investigation (CBI) Friday arrested Abhishek Verma in connection with a fresh case registered by the agency in the naval war room ... Read more...

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Tripura registers record rise in tax collection


June 2nd, 2012 - 6:21 pm ICT by IANS
Agartala, June 2 (IANS) Tripura registered a record 38.24 percent increase in collection of taxes from different sources in the last 2011-12 fiscal against the national average of 24 percent, ... Read more...

Posted in Business |

India defers implementing GAAR for a year


May 7th, 2012 - 4:50 pm ICT by IANS
New Delhi, May 7 (IANS) Relenting under pressure from the business community, Finance Minister Pranab Mukherjee Monday proposed to defer the implementation of the controversial General Anti-Avoidance Rule (GAAR) ... Read more...

Posted in Business |

Mukherjee allays US fears, says India good for investment


April 21st, 2012 - 11:41 am ICT by IANS
Washington, April 21 (IANS) Allaying a "misapprehension" about some retroactive changes in Indian tax laws, Finance Minister Pranab Mukherjee has assured corporate America that India was a good ... Read more...

Posted in Business |

Black market costs Britain $47 bn pounds


April 9th, 2012 - 7:05 pm ICT by IANS
London, April 9 (IANS) Black marketeers selling cigarettes, liquor and diesel have cost Britain nearly 30 billion pounds (about $47 billion) in lost taxes, it has been revealed.The colossal sum ... Read more...

Posted in Business |

Ethiopia seals deal with India to avoid double taxation


April 6th, 2012 - 12:59 pm ICT by IANS
Addis Ababa, April 6 (IANS) Ethiopia has signed double taxation avoidance pacts with four countries, including its growing trading partners India and China.The agreements, also with Sudan and Egypt, were ... Read more...

Posted in World |

Koda gets bail in illegal mining case, to stay in jail


April 5th, 2012 - 6:24 pm ICT by IANS
Ranchi, April 5 (IANS) The Jharkhand High Court Thursday granted bail to former chief minister Madhu Koda in an illegal mining case, but he will continue to stay in jail ... Read more...

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India not a tax haven: Pranab


April 1st, 2012 - 10:20 pm ICT by IANS
Kolkata, April 1 (IANS) Defending the proposed amendment of the Income Tax (IT) Act with retrospective effect, union Finance Minister Pranab Mukherjee Sunday said India cannot be a tax ... Read more...

Posted in Business |

Mukherjee rules out roll-back of gold duty hike


March 27th, 2012 - 8:14 pm ICT by IANS
New Delhi, March 27 (IANS) Finance Minister Pranab Mukherjee Tuesday ruled out any roll back of the proposed hike in duty on gold, saying precious foreign exchange was being ... Read more...

Posted in Business |

Government’s plea for Vodafone verdict review dismissed


March 20th, 2012 - 7:00 pm ICT by IANS
New Delhi, March 20 (IANS) In a setback to the government, the Supreme Court Tuesday dismissed its plea seeking the review of its verdict quashing the income tax order asking ... Read more...

Posted in Business |

Budget disappointing, inflationary: Chouhan


March 16th, 2012 - 6:31 pm ICT by IANS
Bhopal, March 16 (IANS) Madhya Pradesh Chief Minister Shivraj Singh Chouhan Friday said the union budget was disappointing and would lead to further inflation.He said the excise duty ... Read more...

Posted in Politics |

Gains and losses from Budget 2012-13


March 16th, 2012 - 6:12 pm ICT by IANS
Here is what you gain and what you lose on account of the budget proposals presented by Finance Minister Pranab Mukherjee Friday:Gains:- Minimum exemption limit for income tax raised to ... Read more...

Posted in Business |

Maradona wants to settle tax case, return to Italy


March 12th, 2012 - 12:26 pm ICT by IANS
Rome, March 12 (IANS/EFE) Former Argentine player Diego Maradona said on the weekend that he wants to settle his back tax bill of some 40 million euros (about $52 million) ... Read more...

Posted in Sports |

China invests $19 bn in forestry sector


February 27th, 2012 - 11:15 pm ICT by IANS
Beijing, Feb 27 (IANS) China invested over 120 billion yuan (about $19 billion) in the forestry sector in 2011 after noticing a year-on-year growth of over 27 percent, according to ... Read more...

Posted in Environment |

China may exempt interest tax on corporate bonds


February 27th, 2012 - 2:24 pm ICT by IANS
Beijing, Feb 27 (IANS) Individual investors may pay less tax on interest from corporate bonds as part of an effort to improve the market for corporate securities, the China Securities ... Read more...

Posted in Uncategorized |

AIG reports fourth quarter profits


February 24th, 2012 - 2:10 pm ICT by IANS
New York, Feb 24 (IANS) American International Group (AIG) has reported a net income of $19.8 billion in the fourth quarter of 2011, gaining about 77 percent year-on-year thanks to ... Read more...

Posted in Business |

Obama proposes minimum tax on foreign profits


February 23rd, 2012 - 12:34 pm ICT by IANS
Washington, Feb 23 (IANS) In a bid to discourage American multinational companies from moving their assets abroad and parking their profits there, the Obama administration has proposed a new ... Read more...

Posted in Business |

Nestle India’s full year net profit up 17.45 percent


February 14th, 2012 - 11:04 pm ICT by IANS
New Delhi, Feb 14 (IANS) Fast moving consumer goods (FMCG) major Nestle India Tuesday reported a rise of 17.45 percent in its full year (2011) net profit, which stood at ... Read more...

Posted in Business |

Tata seeks report on Radia tapes


February 2nd, 2012 - 2:59 pm ICT by IANS
New Delhi, Feb 2 (IANS) Industrialist Ratan Tata Thursday urged the Supreme Court to direct the central government to provide him the confidential report on the leakage of corporate lobbyist ... Read more...

Posted in Business |

Income Tax official gets 4 years jail for bribery


February 1st, 2012 - 11:39 pm ICT by IANS
New Delhi, Feb 1 (IANS) A special court has convicted a former additional commissioner of Income Tax for corruption and sentenced him to four years jail. Special Central Bureau of ... Read more...

Posted in Uncategorized |

Mumbai CBI sleuth awarded Police Medal


January 26th, 2012 - 1:21 am ICT by IANS
Mumbai, Jan 25 (IANS) A CBI inspector, who cracked several major corruption cases has been awarded Police Medal for meritorious services in the Republic Day honours, an official said here ... Read more...

Posted in Uncategorized |

Rs.200 crore invested by Koda in Sweden traced, court told (Lead)


January 24th, 2012 - 8:09 pm ICT by IANS
Ranchi, Jan 24 (IANS) A Rs.200 crore investment of jailed former chief minister Madhu Koda and his associates in Sweden has been located, the Enforcement Directorate (ED) told the Jharkhand ... Read more...

Posted in Politics |

Koda told to pay Rs.1,200 crore in income tax dues


January 2nd, 2012 - 8:10 pm ICT by IANS
Ranchi, Jan 2 (IANS) Former Jharkhand chief minister Madhu Koda, who is in jail since 2009, has been asked by the Income Tax (IT) department to deposit Rs.1,200 crore dues, ... Read more...

Posted in Politics |

Myanmar allows banks to handle remittances from abroad


December 24th, 2011 - 9:57 pm ICT by IANS
Yangon, Dec 24 (IANS) The Myanmar government Saturday allowed its banks to handle remittances from Myanmarese living in Singapore, Thailand and Malaysia, the official media reported.The banks, including Cooperatives Bank, ... Read more...

Posted in Business |

Kingfisher Airlines owes Rs.132.78 crore in TDS dues


December 20th, 2011 - 8:09 pm ICT by IANS
New Delhi, Dec 20 (IANS) The government Tuesday informed parliament that cash-strapped Kingfisher Airlines has not deposited with the exchequer Rs.132.78 crore which the airline deducted from the salaries of ... Read more...

Posted in Business |

Johnny Depp likes tax dodging


December 9th, 2011 - 6:01 am ICT by IANS
London, Dec 9 (IANS) Actor Johnny Depp is a master at dodging as Captain Jack Sparrow in the "Pirates of the Carribbean" series. Now he reveals he likes dodging ... Read more...

Posted in Entertainment |

Bangladesh speaker, MPs to pay income tax


November 28th, 2011 - 10:26 pm ICT by IANS
Dhaka, Nov 28 (IANS) The Bangladesh cabinet decided Monday to make it mandatory for the parliament speaker, deputy speaker and MPs to pay taxes on their remuneration.The cabinet approved ... Read more...

Posted in Uncategorized |

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