Income Tax : Learn about of e-payment of direct taxes and its mandatory and optional aspects. Discover benefits, requirements, and steps for m...
Finance : Explore advantages and disadvantages of various tax payment methods, including online, over-the-counter, mobile banking, and net b...
CA, CS, CMA : Simplify your tax payments in India with ESBTR Challan payments. Explore how this digital method enhances convenience, reduces err...
Goods and Services Tax : IGST, CGST, SGST & UTGST: Learn about the different types of GST and the Payment of Tax under GST Part I by Sri. Raju of Chennai....
Income Tax : Discover why the procedure for paying taxes has become so complex and how it can be resolved in the near future with e-payment hit...
Income Tax : Discover the comprehensive list of 26 banks available at the e-Filing Portal's e-Pay Tax service. Find out the new and migrated b...
Income Tax : Income, expenditure, and tax payment history of BCCI over last five years. Understand BCCI's financial data, income tax payments, ...
Corporate Law : Finance Minister Shri Arun Jaitley inaugurates the Non-Tax Receipt Portal (NTRP); Portal provides a one-stop platform to citizens/...
Income Tax : The last date of payment of December 2015 installment of advance tax for both corporate and non-corporate taxpayers in the State o...
Income Tax : Income Tax Rules provide that the following persons shall pay tax electronically (i.e. internet banking facility or through credit...
Income Tax : The last date of payment of December 2015 installment of advance tax for both corporate and non-corporate taxpayers in the State o...
Fema / RBI : Agency banks doing Government business alone will be permitted to present instruments in the Special Clearing on other participati...
Fema / RBI : With a view to facilitate collection of advance taxes for Income Tax and Corporate Tax and meeting the probable rush of tax-payers...
Fema / RBI : These special clearings are exclusively for Government receipts and is in addition to the normal clearing operations conducted on ...
Fema / RBI : Accordingly, it has been decided that all Agency banks shall keep the counters of their designated branches conducting Government ...
Stock brokers will now have to pay more service tax. The Central Board of Excise & Customs (CBEC) has clarified that turnover charges, exchange transaction charges, dematerialisation charges and regulator fees recovered by brokers from clients will b
The Central Board of Excise and Customs (CBEC) has issued show-cause notices to Citibank NA and Kingfisher Airlines Ltd for not paying service tax related to their sponsorship of the Indian Premier League (IPL), according to two officials familiar wi
Individuals as well as corporates may have fewer occasions to meet the taxmen in future. The Central Board of Direct Taxes (CBDT) is thinking of putting in place a system in which taxpayers do not meet the assessing officer or any tax official for routine assessments. In the system being envisaged by the country’s tax regime, the tax payer would not know who his assessing officer is. Assessments will be centralised at one place where a set of officers will supervise the assessments. Each officer will be specialising in certain segment of the assessment process, such as giving credit, refunds, etc.
Taxmen will keep a close watch on corporate advance tax payments as the income-tax department turns the heat on them to shore up direct tax collections that have grown in low single digits in the first eight months of the current financial year. The third quarter advance tax payments are crucial as they largely form the basis of all significant changes in tax laws in the Budget, presented usually on the last working day of February every year.
Insurance companies have asked the government to shift to the new tax regime under the Direct Tax Code only for those policies sold after the proposed Code came into effect from April 2011. The draft code, circulated for public comments, had suggested that life insurance policies should be taxed at the time of maturity. So, the […]
THIRD Party Administrators (TPAs), which process health insurance claims and make payments to hospitals for treatment of subscribers in cashless systems, may soon have to deduct tax from the payments they make to hospitals. The apex direct tax body, Central Board of Direct Taxes (CBDT), is likely to issue a directive to this effect, said an […]
Developers of special economic zones (SEZ) and units operating in them will have to wait until a new government is formed to get a keenly-awaited exemption on service tax payments for services availed inside the zones. The Election Commission (EC) has refused to allow the finance ministry to pass a notification allowing the exemption while elections are on because it could result in direct benefits […]
In a ruling which could affect tax payments of thousands of employees of Indian IT companies earning mega bucks on overseas assignments, the Authority of Advance Rulings (AAR) has said that that there was no escape from paying tax on the amount earned during a stint with the employer’s foreign affiliates.
