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Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Forums- http://forums.investorline.co.in/ Iwebs Open Source Web Publishing Platform - http://webs.investorline.co.in/iwebs/ Sportspersons will have to cough up more tax upfront 1 hour 9 min ago Central Board of Direct Taxes has expanded the scope of professional services to cover sportspersons, umpires and referees, making them liable for a higher tax deduction at source. I-T seeks more disclosures from cash card users 1 hour 9 min ago The Income Tax authorities believe huge amounts of unaccounted cash is moving around the country via these cards. Easy remittances | Norms for NRI investors Govt has pitched for unified goods & services tax 1 hour 9 min ago The Centre has pitched for a unified goods & services tax (GST) model as opposed to the position taken by the states. RBI, 965 bank branches to accept advance income tax 1 hour 9 min ago The Reserve Bank said that 965 branches of public and private sector banks would receive advance income tax in Mumbai and Navi Mumbai. Real estate agents, tour operators under service tax scanner 1 hour 9 min ago If you are a service provider, especially a real estate agent or a tour operator and not registered with the tax authorities, the service tax department has begun compiling data of such entities. SET Singapore won't have to pay tax in India, rules HC 1 hour 9 min ago The Bombay High Court has said Sony Entertainment Television (SET), Singapore, was not liable to pay tax in India. Govt may step up action against tax evaders to reduce deficit 1 hour 9 min ago Committed to reduce fiscal deficit and check inflation, the government may step up deterrent action against direct tax evaders and eliminate tax incentives to raise revenue collection. Offshore supplies to projects in India not taxable in select cases 1 hour 9 min ago Profits of a foreign company arising from offshore supplies to Indian projects are not liable to be taxed in India if the foreign company's office in India has no role in these projects, according to a ruling by ITAT. 13.5% indirect tax collections belie fears of slowing economy 1 hour 9 min ago Indirect tax collections grew 13.5% in July 2008 despite deceleration in economic growth and fears of a global slowdown. I-T sleuths raid Rajdarbar Gutkha premises 1 hour 9 min ago The IT department has conducted searches at business and residential premises of a prominent gutkha manufacturer in the national capital and Uttar Pradesh and unearthed alleged tax evasions to the tune of Rs 20 crore. Reliance group, P&G, Gillette others move SC against entry tax 1 hour 9 min ago Various companies of the Anil Dhirubhai Ambani Group, Mukesh Ambani-led RIL and others have moved the SC challenging the recovery of entry tax imposed by the Madhya Pradesh govt. Income Tax e-filing grows seven times this fiscal 1 hour 9 min ago The Income Tax department has registered a seven-fold increase in the number of people using the paperless facility since last year. A whistle-blower or a 'nuisance' within IT department 1 hour 9 min ago He has been suspended from the Income Tax department on the charges of delayed approval in IT returns, high-handedness and sexual harassment among others, which the 1987 batch IRS officer S K Srivastava says are a result of his being a whistle-blower. Direct tax collections jump 47% in April-July 1 hour 9 min ago Belying apprehensions of a slowdown, net direct tax collections grew by a whopping 46.95% in the first four months of the current fiscal (April-July 2008). Direct tax receipts up 46.9 pc in April-July 1 hour 9 min ago Direct tax receipts in April-July rose an annual 46.9 per cent on year to Rs 71648 crores. Interest over Rs 10,000 on 8% paper 2003 to attract TDS 1 hour 9 min ago Government has clarified that even existing investors in 8 per cent savings bonds 2003 must pay tax on interest exceeding Rs 10,000 in any financial year from June 1, 2007. CBEC to tighten noose around excise evaders 1 hour 9 min ago Manufacturers and dealers of iron, steel and plastics could face intense scrutiny by the excise department in the months to come. Cash-loan from family in SOS not to attract a penalty: ITAT 1 hour 9 min ago Taxman will not breathe on you if you have taken a cash loan from a family member, provided you can explain the reasons for doing so, as per a recent tax tribunal ruling. Mayawati, Shah Rukh Khan among top taxpayers 1 hour 9 min ago Country's top taxpayer is from Delhi who forked out Rs 121 cr as income tax and King Khan is top taxpayer among actors. Easy remittances | 10 important things to know No unilateral decision to bring down sales tax on ATF: FM 1 hour 9 min ago The Finance Ministry has decided that it would not take any unilateral decision of compelling states to bring down sales tax rate on aviation turbine fuel. 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