Last Updated: Sunday, June 23, 2013, 17:54
Government is considering making it mandatory for companies paying advance tax of over Rs 10 crore annually to register with the LTU (Large Taxpayers Unit), a move likely to augment and streamline tax collection.
Last Updated: Saturday, June 15, 2013, 19:07
State Bank of India said it paid Rs 1,202 crore in advance tax for the first quarter as against Rs 1,173 crore in the same period year ago.
Last Updated: Friday, March 15, 2013, 17:37
In a pleasant surprise in gloomy economic times, many companies across sectors in the financial capital have paid higher advance tax for the last quarter of the current financial year.
Last Updated: Thursday, March 14, 2013, 16:43
The action of the tax authorities come on top of notices sent to 70,000 assessees recently for recovery of tax dues to shore up revenues which it is feared may fall short of the budget estimates in the current financial year.
Last Updated: Monday, December 24, 2012, 16:07
The third instalment of the Advance Tax collection recorded a growth of 10.44 percent to Rs 78,226 crore, finance ministry said Monday.
Last Updated: Sunday, December 23, 2012, 11:18
Advance tax collection registered a marginal increase of 7.5 percent in the third quarter to Rs 78,000 crore, reflecting the impact of slowing economy.
Last Updated: Wednesday, December 19, 2012, 19:53
Only 3.5 crore people, or 2.89 percent of the country's total population of more than 121 crore, file income tax return in India, Finance Minister P. Chidambaram said Wednesday.
Last Updated: Saturday, December 15, 2012, 18:38
The growth chart is led by the largest financial institution LIC which has paid 10 percent more at Rs 1,297 crore in advance tax payout for the third quarter compared to Rs 1,166 crore in the same period a year ago.
Last Updated: Friday, December 14, 2012, 22:32
State Bank of India has paid marginally lower advance tax in the third quarter at Rs 1,701 crore against Rs 1,730 crore in the corresponding period last year, tax officials said Friday.
Last Updated: Wednesday, December 12, 2012, 22:38
Finance Minister P Chidambaram wants tax payers to pay advance income tax in time like he did.
Last Updated: Monday, December 10, 2012, 14:15
"Government would urge all assessees to disclose their true income. There is no advantage in suppressing the true income or avoiding paying income tax that is due", Revenue Secretary Sumit Bose told reporters here.
Last Updated: Tuesday, December 4, 2012, 17:36
To avoid long queues in front of the central bank counters, arrangements have been made at RBI and 926 branches of public and private sector banks in Mumbai and Navi Mumbai to receive advance tax for the December quarter.
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