tax refund

High court rejects IT department’s plea against Nirma (Lead)


March 23rd, 2011 - 8:28 pm ICT by IANS
Gandhinagar, March 23 (IANS) The Gujarat High Court has rejected the Income Tax department's appeal against Nirma Chemicals Works Limited (NCWL) in a tax refund case.The department challenged the order ... Read more...

Posted in Business |

Court rejects IT department’s plea against Nirma


March 23rd, 2011 - 8:00 pm ICT by IANS
Gandhinagar, March 23 (IANS) The Gujarat High Court has rejected the Income Tax department's appeal against Nirma Chemicals Works Limited (NCWL) in a tax refund case.The department challenged the order ... Read more...

Posted in Business |

Chinese tourists emerge as top tax-free shoppers in Europe


February 24th, 2011 - 2:37 pm ICT by ANI
New Delhi, Feb 24 (ANI): A new study has found that Chinese tourists have outspend the Russians to become the top tax-free shoppers in Europe.Statistics from Global Blue, a Switzerland-based tax-refund and ... Read more...

Posted in South Asia |

Unclaimed Money Worth $33 Billion Lying In State Treasuries


May 14th, 2010 - 6:15 pm ICT by GD
By Ranjan Bhaduri May 14, (THAINDIAN NEWS) The news that the Americans can reclaim unclaimed money worth $33 billion that is lying in the state treasuries has created sensation among the residents of ... Read more...

Posted in World News |

U.S. sues Ohio man and his company for improper theft loss tax deductions


April 19th, 2010 - 11:10 pm ICT by BNO News
WASHINGTON, D.C. (BNO NEWS) – An Ohio man and his company was sued by the United States for claiming improper theft loss tax deductions, the Justice Department announced Monday.Tobias Elsass of Columbus, ... Read more...

Posted in Business |

Florida woman charged for preparing fraudulent income tax returns


April 10th, 2010 - 3:07 am ICT by BNO News
MIAMI, FLORIDA (BNO NEWS) – A Florida woman was charged for preparing fraudulent income tax returns, prosecutors said Friday.Marvel Ebanks, of West Palm Beach, owned and operated Marvelous Enterprises Inc., a tax ... Read more...

Posted in World News |

Direct tax collection up 3.9 percent


November 5th, 2009 - 5:00 pm ICT by IANS
New Delhi, Nov 5 (IANS) Direct tax collection during the first seven months of the current fiscal grew 3.92 percent to Rs.173,447 crore as compared to Rs.166,905 crore in the like period ... Read more...

Posted in Business |

Government cautions taxpayers against fake refund email


October 6th, 2009 - 9:20 pm ICT by IANS
New Delhi, Oct 6 (IANS) Five days after a fake email notice that purports to come from the Income Tax Department started making the rounds among taxpayers, the government Tuesday cautioned them, ... Read more...

Posted in Business |

Direct tax collections increase 3.27%


August 10th, 2009 - 9:12 pm ICT by IBNS
New Delhi, Aug 10 (IBNS) Net direct tax collections during first four months of the present fiscal (up to July 2009) stood at Rs.73,990 crore, up from Rs.71,648 crore in the same ... Read more...

Posted in Business |

Direct tax collections up nearly 4 percent


July 22nd, 2009 - 2:34 pm ICT by IANS
New Delhi, July 22 (IANS) India's net direct tax collections increased 3.65 percent in the first quarter this fiscal, but the growth was stymied on account of a 52-percent jump in refunds ... Read more...

Posted in Business |

India extends disputed export incentive scheme


March 31st, 2008 - 8:42 pm ICT by admin
New Delhi, March 31 (IANS) A popular export incentive scheme in India, challenged at the World Trade Organisation (WTO), has been given another extension, as the commerce ministry is yet to finalise ... Read more...

Posted in Business |

Inflation in India at 13-month high


March 28th, 2008 - 7:51 pm ICT by admin
New Delhi, March 28 (IANS) India's annual rate of inflation, based on wholesale prices, rose sharply to a 13-month high of 6.68 percent for the week ended March 15, exerting pressure on ... Read more...

Posted in Business |

India withdraws tax refunds incentive on steel, cement


March 28th, 2008 - 6:59 pm ICT by admin
New Delhi, March 28 (IANS) The government has withdrawn its tax refund incentive on some 50 items, including steel, cement and non-basmati rice, to curb inflation, a top commerce ministry official said ... Read more...

Posted in Business |

Service tax refund extended for exporters


February 19th, 2008 - 9:13 pm ICT by admin
New Delhi, Feb 19 (IANS) The union Finance Ministry Tuesday announced the extension of refund of service tax to exporters in three more services to help them fight appreciation of the rupee ... Read more...

Posted in Business |

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