For Filing no Returns, 5 Lakh Taxpayers Under Lens.

As the government tries to meet its tax collection target, over five lakh taxpayers are under the income tax scanner for not filing returns for the assessment year 2014-15. The move comes after the joint director of income tax systems has compiled a list of 5,09,898 taxpayers based on their electronic returns in previous years. […]

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Published on : Saturday 1 November 2014              Filed Under : Tax Tips No Comments

India Cites Domestic Reasons For Not Signing Global Tax Information Pact

Finance Minister Arun Jaitely has written to his German counterpart expressing India’s support for the new global protocol for automatic exchange of information on tax evaders but cited domestic procedural requirements as the reason for not signing it now. On Wednesday In New Delhi, which spearhead the fight on information exchange on tax evaders and […]

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Published on : Friday 31 October 2014              Filed Under : Tax Tips No Comments

India vs West Indies 2014: KCA Officials Questioned by Income Tax Officials.

Income Tax officials here have quizzed Kerala Cricket Association (KCA) office bearers over a payment controversy following media reports that the game’s local governing body intervened and offered to pay the financially embattled West Indies team money to enable the first One Day International of a five-match series to commence as per schedule. The match […]

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Published on : Thursday 30 October 2014              Filed Under : Tax Tips No Comments