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Finance Bill 2012-13- Service Tax Highlights

Service Tax : Rate of Service Tax, Introduction of Negative List approach, Changes in Valuation Rules, CENVAT Credit Rules, Retrospective cha...

March 26, 2012 27219 Views 0 comment Print

Amendment proposed in Finance Bill/ Budget 2011 by Finance Minister

Income Tax : The finance minister retained most of his other proposals, providing only marginal relief to industries such as automobiles, garme...

March 24, 2011 811 Views 0 comment Print

New Direct tax Code will be Applicable from April 1, 2012 instead of April 1, 2011 , Download DTC Bill 2010

Income Tax : Direct Tax Code (DTC) Bill introduced in Lok Sabha on Monday, August 30,2010 by Finance Minister Mr. Pranab Mukherjee, Will now be...

August 30, 2010 1199 Views 0 comment Print

Government intends to introduce direct taxes code in next parliament session

Income Tax : Centralized processing centres for improving tax payer services in two more places. Union Finance Minister Shri Pranab Mukherjee h...

May 20, 2010 372 Views 0 comment Print

Budget 2011: The FM has his task cut out

Income Tax : Preparations for Finance Minister Pranab Mukherjee’s second full Budget under the Manmohan Singh government should be an area of...

January 6, 2010 747 Views 0 comment Print


Latest News


Auto Cancellation of Excise, Service tax Registration for non filing of Returns

Service Tax : Registration of a manufacturer will be cancelled automatically if excise duty returns are not filed for six months, as per the lat...

April 7, 2012 9748 Views 0 comment Print

Participatory Note holders not liable to pay tax in India – FM

Income Tax : Finance Minister Pranab Mukherjee today said that persons investing in stock markets through participatory notes, P-Notes, will no...

March 31, 2012 747 Views 0 comment Print

I-T department will not act like a policeman, DTC to to be made operational by 2013 -FM

Income Tax : The government on Sunday said it has no vindictive intention in retrospectively amending tax laws and has no plans to re-open a la...

March 25, 2012 666 Views 0 comment Print

Budget 2012 -Speech of Finance Minister Pranab Mukherjee

Finance : Last year I provided relief to individual taxpayers by enhancing the exemption limit as a move towards DTC rates. Although DTC wi...

March 16, 2012 1063 Views 0 comment Print

Form-16 FY 2011-2012 excel utility for upto 100 employees

Income Tax : Master Form-16 New FY 11-12 for Up to 100 Employees. Download File to Prepare Form 16 of upto 25 Employees with Indian Rupee Font...

February 8, 2012 9548 Views 0 comment Print


Latest Notifications


Inauguration of Income Tax Office at Chinsurah, West Bengal

Income Tax : Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee o...

December 8, 2010 3458 Views 0 comment Print

Cashless mediclaim facility will continue: Pranab Mukherjee

Corporate Law : Finance Minister Pranab Mukherjee on Monday allayed fears of withdrawal of the cashless mediclaim facility by public sector genera...

August 6, 2010 724 Views 0 comment Print

FM asks Insurance Industry to reach general masses

Corporate Law : The Finance Minister, Shri Pranab Mukherjee has asked insurance industry to give more focus to generate the required level of awar...

June 11, 2010 319 Views 0 comment Print


Onion prices ease by Rs 5-10/kg following IT raids on traders

January 12, 2011 288 Views 0 comment Print

Onion prices on Friday eased by Rs 5-10 a kg in major metros following raids on traders by income tax (I-T) authorities in several states like UP, Tamil Nadu, Punjab, Haryana and J&K. As the I-T officers were swooping down on big onion traders, cabinet secretary K M Chandrasekhar is believed to have told state chief secretaries through a video conference to put the local taxes like octroi and mandi levies on hold for three months on vegetables.

FM Starts Pre-Budget Consultations; holds first meeting with Stakeholders from Agricultural Sector

January 12, 2011 219 Views 0 comment Print

Union Finance Minister Shri Pranab Mukherjee started his pre-Budget consultations for the preparation of Union Budget 2011-12 from today. He held his first pre-Budget meeting this year with the stakeholders from the agricultural sector.

Govt examining tax tribunal ruling in Bofors case

January 5, 2011 321 Views 0 comment Print

Finance Minister Pranab Mukherjee on Tuesday said the government is examining the decision of the Income Tax tribunal in the Bofors case and will decide the future course of action later. “As the Law Ministry has pointed (out), we are examining the

Budget 2011- Pranab Mukherjee likely to bring Major change in direct tax laws

January 2, 2011 312 Views 0 comment Print

Saddled with huge tax arrears of Rs 2,50,000 crore — more than half of the total tax collection projected for 2010-11 — finance minister Pranab Mukherjee is likely to introduce in the forthcoming Budget some major changes in direct tax laws that co

Taxing times ahead for High Net worth Individuals

December 31, 2010 655 Views 0 comment Print

Early this month, FM Pranab Mukherjee had okayed the setting up of a high-level multi-disciplinary panel to study black money at home and abroad, and another panel to suggest counter-measures against tax havens. These actions are likely to reflect in the Budget for 2011-12.

FM wants companies to voluntarily adopt good governance and corporate social responsibility (CSR) practices

December 20, 2010 405 Views 0 comment Print

Finance Minister Pranab Mukherjee said he’d like companies to voluntarily adopt good governance and corporate social responsibility (CSR) practices, rather than be legally compelled to do so. Pranab Mukherjee Such voluntary contributions should be re

Levy of Service tax on rail freight postponed till 31st March 2011

December 20, 2010 465 Views 0 comment Print

We had to issue a notification but we have decided to postpone the levy,” said a senior official. This is the third time that the finance ministry has decided to postpone the levy. The 10 per cent service tax levy had to come into effect from April 1

Inauguration of Income Tax Office at Chinsurah, West Bengal

December 8, 2010 3458 Views 0 comment Print

Inauguration of Income Tax Office at Chinsurah, Dist-Hooghly, West Bengal by Honble Union Finance Minister Shri Pranab Mukherjee on 04.12.2010 – Publicity in the official web site

DTC to make tax system more predictable- Pranab

December 5, 2010 261 Views 0 comment Print

Finance Minister Pranab Mukherjee today said the government will try to plug tax leakages through the proposed Direct Taxes Code (DTC) which will make the taxation regime transparent and predictable.

Major changes in Direct Tax Provisions unlikely in Budget 2011

December 1, 2010 592 Views 0 comment Print

Finance minister Pranab Mukherjee is unlikely to go for any major changes in direct taxes when he presents the Budget in February. According to indications, he will restrict himself to minor tweaking in the policy on income and corporation tax, and

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