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Tax Watch

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  • VISAWADIA.YATIN@MAHINDRA.COM
    Special infra debt funds
    Message 1 of 144 , Mar 1, 2011
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      Special infra debt funds proposed
      Livemint
      In another development, the finance minister extended a tax holiday on power projects. The tax break under section 80-IA of the Income-tax Act, which ends on 31 March, has been extended by a year. However, it has denied the seven-year tax holiday to ...

      Union Budget 2011-12 - 'Fiscal consolidation poses major challenge'
      India Infoline.com
      With an eye on upcoming elections in key states, personal income tax slabs were raised to Rs180,000 from Rs160,000, as rightly predicted in our preview note. This, however is only a feel good element and does not add materially to disposable income of ...

      More smiles for senior citizens with age limit cut to 60 years
      Livemint
      Budget 2011 has retained the education cess on income tax at 3%. However, DTC proposes to do away with education cess. Even as the budget leaves some savings in your pockets, the proposals have belied the expectation of generous income-tax savings. ...

       



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    • VISAWADIA.YATIN@MAHINDRA.COM
      HC dismisses Hindalco plea against IT order on transfer pricing
      Message 144 of 144 , Dec 23, 2011
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        HC dismisses Hindalco plea against IT order on transfer pricing issue
        Economic Times
        MUMBAI: The Bombay High Court on Friday dismissed the plea of the Aditya Birla Group flagship Hindalco Industries which had challenged the income-tax (IT) department's contention that tax should be levied on corporate guaranatees issued by the company. ...

        IT department not harassing India Inc: Finance ministry
        Hindustan Times
        PTI Seeking to dispel the impression that the Income Tax Department is harassing the industry, the finance ministry on Friday said that the number of search and seizure cases has come down in April-October 2011. "Under the Income Tax Act, ...

        Supreme Court ruling on Vodafone tax case to have global implications
        Economic Times
        A senior income tax official with the international tax division of the income tax (IT) department told ET that several developed countries are in talks with the department, considering that many countries and provinces are involved in a single ...

        IT searches unearthed Rs 18700 crore in last 2 years
        Times of India
        NEW DELHI: More than Rs 18700 crore of unaccounted wealth has been unearthed across the country after searches were conducted by the income tax officials in the last two years, the Central Board of Direct Taxes said on Friday. The body has, however, ...

         



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