Business Today: Latest Business News, India economy News, Stock Markets, Sensex, Mutual Funds and Indian Tax
Search

Total 1255 results found. Search for [ Income tax department ]

Results 1 to 21 of 1255
BusinessToday.In
New Delhi, July 18, 2018
As the initial deadline of July 31 for filing Income Tax returns approaches, businessmen and salaried professionals get busy with the daunting task of filing returns. Even a small mistake can cost money and get them unwanted attention from the Income Tax department. Watch BusinessToday.In's video as we take you through a few common mistakes that taxpayers should avoid while filing their returns. 


Virendrasingh Ghunawat
July 17, 2018
Responding to Letter Rogatory, the Singapore authorities have started communicating to the Indian agency. But the authorities, however, are still not willing to hand over any evidence against Nirav Modi till the time they are convinced that he is an economic offender and criminal under the money laundering act.


Dipak Mondal
July 13, 2018
While it's a big relief for both taxpayers as well as tribunals and courts, there is one particular clause in the circular issued by the revenue department that may play spoilsport.


BusinessToday.In
New Delhi, July 13, 2018
Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.


Dipak Mondal
New Delhi, July 11, 2018
This increase in the threshold would automatically lead to withdrawal of many pending case under direct and indirect tax litigations.


BusinessToday.In
New Delhi, July 11, 2018
Apart from facilitating ease of doing business, the measure would also reduce future litigation flow from the tax departments. Overall, around 41 per cent cases related to direct taxes and 18 per cent cases related to indirect taxes would be withdrawn after the move.


BusinessToday.in
New Delhi, July 10, 2018
China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APTA), which also includes Bangladesh, Laos, South Korea and Sri Lanka.Income Tax dept sells Cairn Energy shares in Vedanta for $216 millionCairn Energy said it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company to recover a part of Rs 10,247-crore demanded as retrospective tax. The UK company said it still holds about 3 per cent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales.Department of Telecom conditionally approves Idea-Vodafone merger dealThe Department of Telecom (DoT) gave its nod to the Vodafone India-Idea Cellular deal to form the biggest telecom entity in India, but with some riders. An official told PTI that DoT has cleared the Vodafone-Idea merger. They will have to meet conditions for final approval. Earlier, it was reported the DoT was looking to raise a fresh demand of around Rs 4,700 crore ahead of the merger deal between Vodafone India and Idea Cellular over one-time spectrum charges on Vodafone.Mark Zuckerberg overtakes Warren Buffet to emerge world's third-richest man with $81.6 bn net worthFacebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday. And in the bargain, it has propelled its co-founder and CEO Mark Zuckerberg into the Top 3 list of billionaires. He is now the world's third-richest man after Amazon's Jeff Bezos and Microsoft co-founder Bill Gates.Malaysia's IHH Healthcare Berhad outbids TPG-Manipal in the battle for Fortis: ReportIn its second round of bidding, cash-strapped Fortis Healthcare received only two binding bids, from Malaysia's IHH Healthcare Berhad and TPG-backed Manipal Health Enterprises Ltd. And the buzz is that the former has an edge over FHL's earliest suitor. According to Mint, IHH is likely to acquire control of India's second-largest private hospital chain with a binding offer for a stake of at least 51 per cent for Rs 4,700-5,400 crore.Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, AltabaYahoo Japan Corp is buying back around $2 billion worth of its shares from SoftBank Group Corp as part of a three-way deal with its top shareholders, U.S. investment firm Altaba Inc and SoftBank.The deal will see Altaba, which was formerly the internet giant Yahoo! Inc, sell down its stake in Yahoo Japan by around $2 billion and SoftBank raise its stake slightly in Yahoo Japan to around 48 percent.


BusinessToday.In
July 10, 2018
NCLT bench members B S V Prakash Kumar and V Nallasenapathy said that Mistry was ousted as chairman because the Tata Sons' Board and its majority shareholders had lost confidence in him.


BusinessToday.In
July 10, 2018
The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.


BusinessToday.In
New Delhi, July 9, 2018
Preliminary discussions are reportedly already underway with the RBI after the finance ministry, income tax department and some investigating agencies raised the issue in the wake of a series of steps to crack down on shell companies and money laundering.


BusinessToday.In
New Delhi, July 9, 2018
Income-tax returns validate your creditworthiness and make it possible for you to access financial benefits such as bank credits, etc. An important aspect of filing ITR is filing it on time, failing which you may have to pay penalty up to Rs 10,000 besides interest.


Dipak Mondal
New Delhi, July 9, 2018
The GST bandwagon has had a choppy ride in the first year but is gaining momentum. Further fine-tuning of the GST law holds key to future success


Nevin John
July 9, 2018
NCLT on Monday said Cyrus Mistry's petition against his removal as Tata Sons' chairman two years ago has no merit.


BusinessToday.In
July 9, 2018
The NCLT's judgement was based on a petition filed by Cyrus Mistry challenging his dismissal as chairman of the Tata Sons. The Board of Tata Sons had abruptly removed Mistry as its chairman on October 24, 2016.


PTI
New Delhi, July 8, 2018
The format for annual returns and audit is likely to be approved by the GST Council in its meeting on July 21 and industry expects that there could be some reconciliation with annual IT returns as the government aims to check tax evasion.


BusinessToday.In
New Delhi, July 6, 2018
As of now, petroleum products including petrol, diesel, crude oil, natural gas and aviation turbine fuel (ATF) have been exempted from the GST.


Naveen Kumar
New Delhi, July 4, 2018
Income Tax department has issued various ITR forms for different kind of tax payers. Even for individuals, there are 4 ITR forms meant for different filings.


BusinessToday.In
July 4, 2018
Income Tax refunds worth over Rs 70,000 crore have been issued to the taxpayers and nearly all refund claims pending as on June-end has been processed, the Central Board of Direct Taxes (CBDT) said today.


BusinessToday.In
New Delhi, July 2, 2018
This facility is free of cost and instant allotment of e-PAN is available only for a limited period on the first-come-first-serve basis for valid Aadhaar holders.


BusinessToday.In
June 29, 2018
The surge in Indian money held with Swiss banks comes as a surprise given India's continuing clampdown on suspected black money stashed abroad, including in banks of Switzerland that used to be known for their famed secrecy walls for years.


PAGES 1 OF 63  12345