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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/ IPL heroes may face tax bouncer 1 hour 20 min ago The tax department is planning to bowl a yorker, which could result in a higher tax burden, upfront. Banks, metal & oil cos lead Q1 advance tax payments 1 hour 20 min ago Metals, ores, banking and predictably the oil sector are the chart-busters in advance tax payments. India signs DTAA with Syria 1 hour 20 min ago India has signed a revised double taxation avoidance agreement (DTAA) with the government of the Syrian Arab Republic for the avoidance of double taxation. Asset sale at a discount to not attract capital gains tax 1 hour 20 min ago In a ruling that will help corporates planning to transfer capital assets to other companies at a cost price less than the market price, the Mumbai tax tribunal has held that tax cannot be levied on the capital gains that never accrued. India Inc's effective tax compliance rate rises to 26% in 2007-08 1 hour 20 min ago If increasing subsidy bill is giving headache to P Chidambaram, he has found succour in higher direct tax collections. FBT collections decline in April-May 1 hour 20 min ago Fringe benefit tax collections have declined by about 7 per cent in the first two months of the fiscal against the year-ago period even as direct tax kitty has grown by 71 per cent in the same period. 71% direct tax kitty swells 1 hour 20 min ago Direct tax receipts rose 71.3% in the first two months of the current fiscal year from a year ago, indicating the economy was sustaining its growth pace. Govt relaxes income-tax refund norms 1 hour 20 min ago About 92 per cent of the income-tax refund claims for fiscal 2007-08 will be settled without the taxpayers needing to produce TDS certificates, as the Government has relaxed the criteria in this regard. Direct tax collections up 71% 1 hour 20 min ago India's direct tax collections continued to grow at a robust pace to log a 71.28 percent rise in the first two months of this fiscal at Rs.228.4 billion. Excise duty collections rebound 4.4% in May 1 hour 20 min ago After experiencing a negative growth in April this year, excise duty receipts grew by 4.4% in May 2008 to Rs 9,583 crore. Enjoying 'zero tax' sops on pay package of Rs 4 lakh 1 hour 20 min ago Difficult to believe, but that is true! As a salaried taxpayer, you can structure your annual pay package of up to Rs 4,00,000 on a zero tax basis. Dealing with sudden wealth Liaison offices of MNCs can't be taxed, rules ITAT 1 hour 20 min ago Multinational companies sourcing their products from third-party manufacturers in India through a liaison office here have reasons to cheer. India Inc takes FM cue, ups advance tax outgo 1 hour 20 min ago The advance tax figures of some leading banks and a few corporates for the April-June quarter of this fiscal provide some room for comfort. Centre may pillion tax-cut drive 1 hour 20 min ago Asim Dasgupta tells central govt to pick up half of rs 8,000-cr tab; panel to review atf tax on Sat. I-T officials unearth Rs 11.88 cr unaccounted income 1 hour 20 min ago During an Income Tax Department search and seizure operation, a Surat-based textile group and its associates have admitted to having unaccounted income of Rs 11.88 crore, I-T officials said on Monday. No addition to income sources if assessment is over, rules ITAT 1 hour 20 min ago The Appellate Commissioner of Income-Tax can no longer levy additional tax if it discovers a source of income that was not taken into account by the income-tax department at the time of assessment. Delhi govt mops up over Rs 10 cr through environment cess 1 hour 20 min ago Delhi government has mopped up over Rs 10 crore through environment cess on diesel in the three months since February. Tax implications on income on property 1 hour 20 min ago Different types of income can be generated from property, and there are certain tax implications involved. SC notice to Honda, LG and others on entry tax issue 1 hour 20 min ago The Supreme Court has issued notice to 12 cos including Honda Siel Cars India, Xpro India, LG Electronics and others. Chandigarh reduces VAT on petrol, LPG 12 hours 44 min ago Chandigarh Administration today notified a cut in value added tax on petrol and LPG, reducing their prices by Re 1 per litre and Rs 13.50 per cylinder respectively in the city to cushion the burden after the Centre increased fuel prices. 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