Service Tax Commissionerate Delhi has cancelled over 1000 service tax registrations obtained online by the service providers vide Trade Notice No.3/ST/2010 on the ground either no hard copy of documents is submitted or the documents have been submit
Income Tax sleuths will keep an eye on private functions such as ‘mundan’ and marriage held by persons associated with candidates in poll-bound Bihar to check if these ceremonies were being secretly financed by them to bribe voters. The details of mo
NRIs want change in DTC clause on stay in India which proposes to tax a person living in India for more than 59 days. Some high-profile non-resident Indians (NRIs) are lobbying hard with the Centre to amend a clause in the Direct Taxes Code (DTC) Bil
An amendment to Rule 12 of the Income-tax Rules, 1962 vide notification no. 49 dated 9th July,2010 made it mandatory for all Companies (including foreign companies) filing ITR-6 to digitally sign the Income-tax return for the AY 2010-11. Thereafter,
Coimbatore: Income Tax Department sleuths carried out raids at over half-a-dozen establishments including hospitals, specialty treatment centres and diagnostic centres. The raids that began in the forenoon went on till late evening.
Seeking Data on Tax Audit from CBDT: We have sent a letter of request to the Central Board of Direct Taxes (CBDT) asking them to provide the number of tax audit reports filed with them during 2009-10, e.g. data on tax audit based on fields like name
Islamabad: Even as Pakistan is reeling under devastation caused by unprecedented floods that has cost the country’s economy a whopping $43 billion, a report by a newspaper Monday said on Prime Minister Yousuf Raza Gilani and 25 of his cabinet members
After missing its date with the Goods and Services Tax and the Direct Taxes Code, the government is also likely to miss the deadline for another major reform initiative – implementation of International Financial Reporting Standards (IFRS) from the n
Reserve Bank of India has sent show cause notices to over 12 banks for alleged violation of foreign exchange rules in sale of derivative products, banking industry sources said. Sources said notices were sent to banks for alleged violation of derivat
The government’s plan to offer tax incentives based on investments made by companies is expected to attract big overseas investments in the next round of bidding for oil and gas blocks. The investment-linked tax concessions proposed in the Direct Tax
