Last Updated: Monday, June 8, 2015, 13:31
A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.
Last Updated: Tuesday, May 26, 2015, 09:53
Nokia India on Tuesday decided to withdraw from the Delhi High Court its plea for urgent sale of its Chennai mobile manufacturing unit which was frozen over a tax dispute.
Last Updated: Thursday, May 21, 2015, 13:14
Nokia's Chennai plant is under freeze over an estimated Rs 10,000 crore tax dispute with the Income Tax department.
Last Updated: Wednesday, May 20, 2015, 22:38
The tax dispute between Nokia India and Income Tax department, which has raised a claim of Rs 10,000 crore on the telecom firm, would be taken up by the Delhi High Court for an urgent hearing next week.
Last Updated: Saturday, February 28, 2015, 04:21
Prime Minister Narendra Modi`s right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.
Last Updated: Saturday, February 28, 2015, 03:09
Finance Minister Arun Jaitley on Saturday proposed no changes in personal income-tax rates for 2015-16.
Last Updated: Friday, October 18, 2013, 15:39
The income tax department has never looked at coercion as a way to unearth accounted money and the idea is not to create nightmares, a senior tax official said on Friday.
Last Updated: Tuesday, September 17, 2013, 11:04
Here are some ways to expedite the process and avoid waiting too much further for it.
Last Updated: Thursday, September 12, 2013, 20:51
The Reserve Bank has designated bank branches of State Bank of India, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank and Kotak Mahindra Bank to collect advance tax payments.
Last Updated: Tuesday, September 10, 2013, 16:22
The mining company has paid Rs 1,134.27 crore to the tax authorities so far and contested the claim in respective appellates, sources said.
Last Updated: Tuesday, April 23, 2013, 19:15
After Nokia and Royal Dutch Shell, the Income Tax department has sent a demand notice to software giant Microsoft's Indian arm, which said it has challenged the same.
Last Updated: Thursday, March 28, 2013, 13:33
The Income Tax department has served a Rs 2,000 crore demand notice on Finnish mobile firm maker Nokia for alleged evasion of taxes in its business transactions in the country.
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