SpiceJet says no default on TDS obligations

Last Updated: Wednesday, July 22, 2015, 21:55

With a Delhi court summoning SpiceJet and its former executives in income tax cases, the budget carrier Wednesday said it has not defaulted on any tax-deducted at source (TDS) obligations.

Court summons SpiceJet, Kalanithi Maran as accused in IT cases

Last Updated: Tuesday, July 21, 2015, 17:29

Budget carrier SpiceJet Ltd, its Chairman Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases for their alleged failure to deposit over Rs 147 crore TDS with the Income Tax (IT) Department.

Govt will have to forget direct tax of Rs 6.73 lakh crore

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'.

I-T Dept issues detailed circular to address tax grievances

Last Updated: Tuesday, May 19, 2015, 23:22

To address grievances of taxpayers, the I-T Department Tuesday put in place a detailed framework for 'verification and correction' of the outstanding tax demand, while rectifying the inaccuracies arising due to delayed or non-reporting of TDS (Tax Deduct at Source).

Some tax deductors not depositing TDS: I-T Dept

Last Updated: Tuesday, May 12, 2015, 13:21

The Income Tax Department has taken note of some tax deductors not depositing TDS in the government account after deducting the same from specified payments.

I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

Last Updated: Sunday, May 3, 2015, 15:59

The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.

SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

Last Updated: Tuesday, April 7, 2015, 18:03

A bench of Justices Ranjan Gogoi and N V Ramana rejected Vijay Mallya-owned airlines' plea against the High Court's order.

Tax shortfall: Finmin asks banks to deposit March TDS by month end

Last Updated: Sunday, March 29, 2015, 18:29

According to official data updated till March first week, TDS collections stood at 7.49 per cent as against 16.69 per cent in the same period last year.

CBDT asks I-T dept to act on public grievances after PM's rap

Last Updated: Sunday, March 29, 2015, 16:42

CBDT has called for according a "top priority" to addressing taxpayers' grievances by the Income Tax department after Prime Minister Narendra Modi expressed his disappointment about delays in corrective action and harassment of the assesses by tax officials.

Taxmen slap prosecution notice on Jet Airways for TDS defaults

Last Updated: Thursday, March 12, 2015, 17:43

Income Tax (IT) authorities have slapped prosecution notice on Naresh Goyal-promoted Jet Airways for TDS (Tax Deduction at Source)payments default, official sources said today.

Have at relook at tax compliance needs of CECs: Gadkari to FM

Last Updated: Wednesday, February 18, 2015, 19:50

Ahead of Budget, Union Minister Nitin Gadkari has asked Finance Minister Arun Jaitley to have a relook at service tax compliance requirements of consulting engineering companies (CECs).

CBDT calls meeting for review of tax, TDS collection this week

Last Updated: Wednesday, February 4, 2015, 17:24

CBDT will conduct a country-wide review of tax collection work, especially for TDS and arrears, later this week in order to shore up the direct tax revenue kitty for the financial year ending March 31.