tax payers

GAAR panel expanded to cover non-resident tax payers


September 1st, 2012 - 7:56 pm ICT by IANS
New Delhi, Sep 1 (IANS) The government Saturday expanded the scope of the expert committee on General Anti-Avoidance Rules (GAAR) to include all non-resident tax payers, even as the committee ... Read more...

Posted in Business |

Now you can call an expert home for filing IT return


July 24th, 2012 - 7:27 pm ICT by IANS
New Delhi, July 24 (IANS) The government Tuesday announced a new scheme under which any tax payer can seek online help or call an expert home for a nominal fee ... Read more...

Posted in Business |

Small mistake can lead to long delays in tax refunds


July 23rd, 2012 - 6:16 pm ICT by IANS
New Delhi, July 23 (IANS) Tax payers should take precautions and avoid small mistakes while filing the returns as it usually leads to long delays in refunds, experts said.Delay in ... Read more...

Posted in Business |

Employees earning up to Rs.5 lakh annually exempt from filing tax return


July 20th, 2012 - 6:18 pm ICT by IANS
New Delhi, July 20 (IANS) Employees with annual income up to Rs.5 lakh are not required to file tax return from the assessment year 2012-13, if there is no other ... Read more...

Posted in Business |

File income tax return online: It’s easier, secure


July 16th, 2012 - 11:02 am ICT by IANS
New Delhi, July 16 (IANS) As the July 31 deadline for filing income tax returns looms, there is usually a huge rush among the taxpayers. To avoid the long queues ... Read more...

Posted in Business |

Direct taxes should be 12 percent of GDP: Mukherjee


May 27th, 2012 - 4:00 pm ICT by IANS
Kolkata, May 27 (IANS) Finance Minister Pranab Mukherjee Sunday said the share of direct tax revenue should be 12 percent of the country's gross domestic product (GDP)."Direct taxes, being ... Read more...

Posted in Business |

India defers GAAR by a year (Lead)


May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) India Monday deferred impementation of the controversial General Anti-Avoidance Rules (GAAR) by a year and announced that the burden of proving tax evasion will ... Read more...

Posted in World |

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 |

Let taxpayers fund political parties with democracy cess: CII


April 17th, 2012 - 8:44 pm ICT by IANS
New Delhi, April 17 (IANS) The Confederation of Indian Industry (CII) has proposed imposition of a "democracy cess", according to which individuals and corporates can give 0.2 percent of their ... Read more...

Posted in Politics |

Budget blues: People not impressed (Lead)


March 16th, 2012 - 7:57 pm ICT by IANS
New Delhi/Mumbai, March 16 (IANS) As Finance Minister Pranab Mukherjee Friday presented the national budget for 2012-13 claiming that the economy was returning to normal, the common man didn't ... Read more...

Posted in Business |

Budget blues: People not impressed


March 16th, 2012 - 6:02 pm ICT by IANS
New Delhi, March 16 (IANS) As Finance Minister Pranab Mukherjee Friday presented the national budget for 2012-13 claiming that the economy was returning to normal, the common man ... Read more...

Posted in Politics |

Income tax exemption limit raised to Rs.2 lakh (Lead)


March 16th, 2012 - 5:35 pm ICT by IANS
New Delhi, March 16 (IANS) Giving some relief to individual taxpayers, Finance Minister Pranab Mukherjee Friday proposed to raise the income tax exemption limit to Rs.2 lakh from Rs.1.8 ... Read more...

Posted in Business |

Income tax exemption limit raised to Rs.2 lakh


March 16th, 2012 - 4:12 pm ICT by IANS
New Delhi, March 16 (IANS) The tax exemption limit for individuals has been hiked to Rs.2 lakh from the current Rs.1.8 lakh, while the tax slabs have been re-jigged ... Read more...

Posted in Business |

Malaika hopes budget will improve living conditions


March 13th, 2012 - 3:32 pm ICT by IANS
Mumbai, March 13 (IANS) Actress Malaika Arora Khan has high expectations from the budget to be presented in parliament Friday and hopes it will improve living conditions."The budget should favour ... Read more...

Posted in Entertainment |

CBI takes 13 years to scrutinise documents, gets court flak


March 4th, 2012 - 5:44 pm ICT by IANS
New Delhi, March 4 (IANS) Thirteen years to scrutinise documents of a case! The Central Bureau of Investigation (CBI) received flak from a Delhi court for taking such a long ... Read more...

Posted in Uncategorized |

Pakistan has 700,000 new tax-payers


February 1st, 2012 - 1:13 pm ICT by IANS
Islamabad, Feb 1 (IANS) Pakistan has 700,000 new tax-payers Prime Minister Yousuf Raza Gilani has said, adding that the government was taking steps to improve the state of the ... Read more...

Posted in South Asia |

Tamil Nadu to fully computerise commercial taxes department


January 17th, 2012 - 2:45 pm ICT by IANS
Chennai, Jan 17 (IANS) The Tamil Nadu government Tuesday announced it would fully computerise the activities of its commercial taxes department at an outlay of Rs.230.96 crore to provide transparent ... Read more...

Posted in Business |

Brinkley pledges to settle tax debt


December 6th, 2011 - 1:51 pm ICT by IANS
London, Dec 6 (IANS) Former supermodel Christie Brinkley has vowed to settle her $500,000 tax debt insisting that she regrets not paying attention to her finances.The 57-year-old topped the ... Read more...

Posted in Uncategorized |

Bangalore civic body caught in Rs.15 bn scandal


December 4th, 2011 - 12:46 pm ICT by IANS
Bangalore, Dec 4 (IANS) This tech hub that has been voted in a global survey as the best city to live in India could have been a much better ... Read more...

Posted in Politics |

Ten firemen were needed to release man who had a ring stuck on him


November 28th, 2011 - 8:42 pm ICT by Aishwarya Bhatt
London, Nov 28 (THAINDIAN NEWS) It took ten firefighters to free a man who had a ring stuck on his manhood. The delicacy of the issue meant the firefighters had to wait ... Read more...

Posted in Odd news |

RBI, 926 branches of banks to accept advance income tax


November 10th, 2011 - 2:04 pm ICT by IANS
Mumbai, Nov 10 (IANS) The Reserve Bank of India (RBI) and 926 computerised branches of public and private sector banks will receive advance income tax in Mumbai in a bid ... Read more...

Posted in Business |

Only 2.77 percent of India’s population pay income tax


August 31st, 2011 - 4:22 pm ICT by IANS
New Delhi, Aug 31 (IANS) Just 2.77 percent of India's 1.21 billion people pay personal income tax, official data showed."The number of effective tax payers as on March 31, 2011 ... Read more...

Posted in Business |

US sticks to stand on disclosure of foreign accounts


August 21st, 2011 - 9:27 am ICT by IANS
Washington, Aug 21 (IANS) Sticking to its stand of not extending the Aug 31 deadline for disclosure of foreign accounts, US tax authorities said those who believe they have not ... Read more...

Posted in Business |

Pakistan must enhance global trade: Minister


July 30th, 2011 - 1:55 pm ICT by IANS
Islamabad, July 30 (IANS) Pakistan's global trade should be increased to strengthen the country's economy, Finance Minister Abdul Hafeez Shaikh has said."Development of a country depends on its level of ... Read more...

Posted in South Asia |

Malayalam superstar Dileep attends tax department bash


July 25th, 2011 - 3:30 pm ICT by IANS
Kochi, July 25 (IANS) Even as two of his fellow superstars Mammootty and Mohanlal are under the scrutiny of Income Tax (I-T) sleuths, Malayalam superstar Dileep attended the tax department's ... Read more...

Posted in Entertainment |

Improve interface with small tax payers, pensioners: President


July 15th, 2011 - 6:55 pm ICT by IANS
New Delhi, July 15 (IANS) President Pratibha Patil Friday asked the income tax department to interact with tax payers, especially senior citizens and pensioners on a continuous basis to ... Read more...

Posted in Business |

Excise official hints at delay in new tax regime


June 28th, 2011 - 10:26 pm ICT by IANS
Kolkata, June 28 (IANS) Citing constitutional amendments and other legislative procedures, Central Board of Excise and Customs (CBEC) Chairman S.D. Majumder Tuesday said the government's plan to roll out the ... Read more...

Posted in Business |

Delhiites can pay property tax over this weekend


June 24th, 2011 - 11:29 pm ICT by IANS
New Delhi, June 24 (IANS) Municipal Corporation of Delhi (MCD) centres will remain open this weekend to enable people to pay their property tax, an official said Friday."People who are ... Read more...

Posted in Business |

India to set up new agency to trace black money: Pranab


May 24th, 2011 - 6:59 pm ICT by IANS
New Delhi, May 24 (IANS) India will soon set up a directorate of criminal investigation in its income tax department to deal with issues related to tax crimes and ... Read more...

Posted in Business |

Chandigarh region records 38 percent income tax growth


May 18th, 2011 - 1:20 am ICT by IANS
Chandigarh, May 17 (IANS) The income tax collection in the Chandigarh region has grown by a whopping 38 percent against a national increase of 20 percent, a top official said ... Read more...

Posted in Business |

New York taxpayers’ to pay for rapist’ heart transplant!


April 24th, 2011 - 6:54 pm ICT by ANI
New York, April 24 (ANI): Kenneth Pike, serving 18 to 40-years sentence for raping a relative teenager, could get a heart transplant to live longer, and money will come from the city's ... Read more...

Posted in Entertainment |

Tax payers want our ambit enlarged: tax ombudsman


April 16th, 2011 - 8:30 pm ICT by IANS
Kolkata, April 16 (IANS) Tax payers of the country want the jurisdiction of Income Tax ombudsman to be enlarged, the tax department's Kolkata ombudsman said Saturday."Currently, the ombudsman has been ... Read more...

Posted in Business |

Govt. approves setting up of seven Indirect Tax Ombudsmen


March 31st, 2011 - 8:48 pm ICT by ANI
New Delhi, Mar 31 (ANI): The Government today approved setting up of seven Indirect Tax Ombudsmen across the country.These adjudicating offices will be set up in Delhi, Mumbai, Kolkata, Chennai, ... Read more...

Posted in National |

Police dog bites cost thousands of pounds for UK taxpayers


March 14th, 2011 - 9:59 pm ICT by Aishwarya Bhatt
London, Mar 14 (THAINDIAN NEWS) Police dog bites have costed thousands of pounds for tax-payers in UK. According to a report by BBC, police officials have so far paid around 770,000 pounds ... Read more...

Posted in World News |

Thanks for sparing us more headache, housewives thank FM


February 28th, 2011 - 10:15 pm ICT by IANS
New Delhi, Feb 28 (IANS) Thankfully there was no hike in the prices of daily use items as well as airconditioners and mobiles -- this was the general reaction Monday to the ... Read more...

Posted in Health Science |

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