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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 News-Forums- http://forums.investorline.co.in/ Iwebs Open Source Web Publishing Platform - http://webs.investorline.co.in/iwebs/ Professional tax may shoot up by Rs 7,500 1 hour 12 min ago Doctors, lawyers and other professionals - both salaried and self-employed - may now have to pay higher professional tax. ULIP: A tax saving tool | Day in pics Professional tax may rise by Rs 5,000 1 hour 12 min ago Doctors, lawyers and other professionals, both salaried and self-employed, may now have to pay a higher professional tax. Service tax rules leave India Inc vexed 1 hour 12 min ago Many taxation issues pertaining to inter-state delivery of services are being envisaged when states are given the power to tax a set of services. 10 important things to do before filing I-T returns 1 hour 12 min ago You might just forget to make the most of the tax breaks available to you, thus paying more tax in the process and claiming no or less return. All about wealth tax 1 hour 12 min ago You don't need to be on the Forbes billionaires list to be subject to wealth tax. All you need to possess is a few prescribed assets, the value of which exceeds INR 1.5 million and you are subject to wealth tax. Real estate group in Rs 110.70-cr tax evasion 1 hour 12 min ago The Income-Tax Department here has unearthed tax evasion to the tune of Rs 110.70 crore. No manpower shortage for processing of tax refunds : IT dept 1 hour 12 min ago The Income Tax Department is completely geared up to meet the ever swelling rush of returns and refunds as it is on its way to recruit additional manpower for the purpose. Finmin to use third party info to detect excise duty evasion 1 hour 12 min ago The Finance Ministry is likely to come out with a plan to gather information on evasion of excise duty through sources like electricity bills and VAT payments. IT Dept hits with scrutiny of tax returns 1 hour 12 min ago Shortage of manpower in the income tax department has affected the scrutiny of tax returns leading to loss of revenue worth hundreds of crores. Indirect taxes to increase further this year 1 hour 12 min ago The Government's indirect taxes collection is likely to swell further this year on account of good collection in Customs and Service taxes. Indirect taxes to increase further this year 1 hour 12 min ago Govt's indirect taxes collection is likely to swell further this year on account of good collection in Customs and Service taxes. Filing income-tax returns not so 1 hour 12 min ago Filing income-tax returns has never been so saral, as is made out to be. The latest controversy is about filing TDS certificates. How to go for householder's insurance SC notice to Reliance Ind, others on Orissa govt's plea 1 hour 12 min ago The Supreme Court on Wednesday issued notice to Reliance Industries, Bharti Airtel, Hindalco, Tata Refractories and others on a plea by Orissa government, challenging a high court ruling which held levy of entry tax under the Orissa Entry Tax Act 1999 was unconstitutional. No tax on referral fees paid to overseas companies 1 hour 12 min ago Authority for Advance Rulings has ruled that the revenue earned by foreign firms by referring business clients to domestic companies is not taxable in India. CBDT relaxes scrutiny norms in a few cases 1 hour 12 min ago The Central Board of Direct Taxes has decided to relax norms on scrutiny of tax payers whose premises have been surveyed by the officials following Finance Minister P Chidambaram's assertion that government wanted to send a message that those who comply with the tax laws would not be harassed by the tax officials. India's direct tax collections up 38 pc 1 hour 12 min ago India's direct tax collections rose by as much as 38.61 per cent in the first quarter of the current fiscal, the finance ministry said on Friday. Software, R&D cos to get tax breaks in indl parks 1 hour 12 min ago Computer software makers and research firms will now get a 10-year tax break if they are located in government specified industrial parks, the finance ministry said on Thursday. Tax man to attach property of tax evaders 1 hour 12 min ago Concerned by rising tax evasion especially by exporters and certain big manufacturers, the government today announced that the tax man could provisionally attach the property of evaders to recover dues. I-T dept to scan realty deals for evasion 1 hour 12 min ago Real estate sector is high on the radar of the income-tax department, which is going to keep a close watch on buyers or sellers of property. Even a few hours extra can be taxing 1 hour 12 min ago The intense pressure being brought upon them by the finance ministry to increase tax collections is forcing many officers to adopt strange and quirky ways of squeezing out money. 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