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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/ How to prepare for the date with the taxman Fri, 09/26/2008 - 22:16 Come June/July and the salaried and self employed individuals start bracing themselves to file their income tax returns (ITR) for the previous financial year. CTT to be notified, but Govt not in hurry Thu, 09/25/2008 - 03:03 Finance Minister P Chidambaram on Monday refused to specify when the government would notify the controversial Commodity Transaction Tax (CTT). FM asks CBDT to target higher tax collection this fiscal Thu, 09/25/2008 - 03:03 Enthused by over 36 pc increase in direct tax collections during 2007-08, Finance Minister P Chidambaram asked the department concerned to aim for higher collections. I-T dept may spoil BCCI's IPL party Wed, 09/24/2008 - 20:51 I-T authorities are getting ready to invoke the recent changes in the law which would render it difficult for BCCI to avoid paying tax. Cheerleaders in IPL T20 | Biz of IPL Punjab not in a position to reduce tax on petrol: Kalia Wed, 09/24/2008 - 04:56 Manoranjan Kalia, Cabinet Minister of Punjab and senior BJP leader today justified the stand of Chief Minister on not reducing the tax on Petrol and said Punjab was not in a position to face the burnt of inefficient policies of the union government. Haryana reduces VAT on diesel, domestic LPG made VAT free Thu, 09/18/2008 - 21:42 Responding to the direction of Congress President Sonia Gandhi, the party government in Haryana today reduced VAT on diesel and abolished it on domestic LPG even as Chief Minister Bhupinder Singh Hooda ruled out any relief on petrol. Bihar lowers sales tax on petrol, diesel Wed, 09/17/2008 - 19:54 In a bid to cushion consumers against the steep hike in fuel prices, Bihar government on Thursday promulgated an ordinance reducing sales tax on petrol and diesel. FM tells CBEC to nail excise evaders Wed, 09/17/2008 - 17:46 Concerned over sluggish excise duty collections, Chidambaram on Thursday asked the CBEC to devise a third-party information system, review the deterrent measures and strengthen monitoring to prevent evasion. Donations to trusts are not business expenditure: ITAT Mon, 09/15/2008 - 14:32 Donations to trusts can not be treated as business expenditure, the tax tribunal said while giving a ruling in a case involving an advocate and the tax authorities. Smuggler can claim I-T exemption on confiscated gold: HC Sat, 09/13/2008 - 19:36 A smuggler can avail I-T exemption for business loss if the gold he has smuggled is confiscated, but a licensed goldsmith can't. ULIP: A tax saving tool | Loss adjustment to reduce taxes Goldsmith can't claim I-T exemption on confiscated gold: Bombay HC Sat, 09/13/2008 - 09:36 A smuggler can avail I-T exemption for business loss if the gold he has smuggled is confiscated, but a licensed goldsmith can't seek such a benefit as he is not expected to deal in illegal gold that stands the risk of being seized. Funding your child's education abroad Fri, 09/12/2008 - 16:07 Indian culture places great deal of importance on education and even higher premium on overseas education. Planning your child's future Foreigners working here win FBT relief Tue, 09/09/2008 - 09:58 Foreign nationals working in India will be exempt from fringe benefit tax (FBT) on the cost of transportation from their residence to the workplace, according to a Supreme Court ruling. Foreign cos can claim tax deduction for forex losses: SC Tue, 09/09/2008 - 07:55 The Supreme Court has held that foreign companies can claim tax deductions for foreign exchange losses on account of currency fluctuations. New teeth may let taxman attach evader's property Sun, 09/07/2008 - 13:55 The government is taking a cautious approach as the measure could be considered draconian and come under severe criticism from the business and industry. CITU demands 'windfall tax' on 'super-profits' of pvt oil cos Sun, 09/07/2008 - 13:55 Close on the heels of Petroleum Ministry suggesting a duty rejig on petro products, Centre of Indian Trade Unions has sought the imposition of a "windfall tax" on "super-profits" being earned by private sector petroleum industry. No delay in issuing PAN cards to FIIs: CBDT Sat, 09/06/2008 - 22:01 The Finance Ministry today refuted a report that suggested delays in issuing of PAN cards to the FIIs led to fall in investments by them. 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