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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/ TDS on 40% of arrears this fiscal 1 hour 7 min ago Income-tax at source would be deducted only on 40% of salary arrears to central government employees this fiscal on implementation of Sixth Pay panel recommendations. Categories: Capital Market, Personal Finance, Tax Center Foster's gets a breather in tax dispute 1 hour 7 min ago Delhi High Court ruled that no tax demand be issued to the Australian company until the high court decides on the petition filed before it by the foreign firm. Dividend stripping help HNIs avoid cap gains tax 1 hour 7 min ago According to sources, a handful of equity funds - one of which is an index fund - are planning to allow cash-rich investors to book notional losses and set it off against gains made over the short term, in their bid to evade the 33.4% short-term capital gains tax. Tax dept must accept cos' audited accounts: SC 1 hour 7 min ago The Supreme Court has said the Income-Tax Department has to accept the authenticity of the accounts maintained in accordance with the provisions of the Companies Act and certified by the auditors. SC relief to Sony India on customs duty 1 hour 7 min ago The Supreme Court has held that components of colour television (CTV) imported by Sony India cannot be treated as completely knocked down units and therefore would attract less duty. Agents of NRIs exempted from e-filing of returns 1 hour 7 min ago The Central Board of Direct Taxes (CBDT) on Tuesday exempted agents of non-resident Indians from mandatory e-filing of income tax returns. CBDT extends date for filing I-T returns in Bihar, J&K 1 hour 7 min ago Government on Thursday extended the last date of filing income tax returns in Bihar and Jammu and Kashmir. Tax aspects of Income from House Property 1 hour 7 min ago Here are some tax benefits available on a housing loan taken for acquisition or construction of property in India. Tackling financial crisis: The Warren Buffet way Indian tax laws not conducive to M&As: PWC 1 hour 7 min ago Indian tax laws are not conducive to mergers and acquisitions and restructuring of businesses, says a survey conducted by global consultancy firm PricewaterhouseCoopers. IT dept to publicise tax compliance schemes on office walls 1 hour 7 min ago The Income-Tax department may soon follow the proverb 'charity begins at home', as for the first time the department will publicise tax compliance schemes on its office walls across the country. Smugglers can claim I-T rebate, goldsmiths can't 1 hour 7 min ago Smuggler can avail I-T exemption for biz loss if the gold he has smuggled is confiscated, but a licensed goldsmith can't. ULIP | Adjustment to reduce taxes Pay Commission: Need clarity on taxability of arrears 1 hour 7 min ago If only partial payment is made in current financial year then the govt is required to withhold tax only in respect of amount paid in current financial year. SPC Notification Foreign cos can claim tax deduction for forex losses: SC 1 hour 7 min ago The Supreme Court has held that foreign companies can claim tax deductions for foreign exchange losses on account of currency fluctuations. Group 'D' staff out of tax limit after salary arrears: Experts 1 hour 7 min ago Group 'D' employees of the central government can heave a sigh of relief as they are likely to get their 40 per cent salary arrears in full without any income tax deduction on implementation of Sixth Pay Commission recommendations. Kerala to make e-filing of tax returns compulsory 1 hour 7 min ago Kerala will make e-filing of sales tax returns compulsory from next fiscal, Finance Minister Thomas Isaac said on Saturday. Finmin divided over tax on pay arrears 1 hour 7 min ago Confusion prevails on the tax treatment of the pay arrears that Central government staff are set to get as part of their latest wage revision. Government to tax entire salary arrears this year 1 hour 7 min ago The decision would virtually wipe out almost the entire amount of 40% arrears to be paid to employees this year. Full text of Sixth Pay Commission Notification 'I-T men can't change their tax assessment' 1 hour 7 min ago Tax payers need not pay more if the income-tax officer changes his opinion on their income and asks for more taxes, according to a recent order passed by the Income Tax Appellate Tribunal (ITAT), Mumbai. Customs, excise and service tax queries 1 hour 7 min ago Customs, excise and service tax queries. Watchout when to sell your stock option to avoid higher taxes 1 hour 7 min ago You could end up paying a higher tax on selling your stock option granted by the employer by miscalculating the duration of holding of these shares if you ignore a recent tribunal order, clarifying on such calculation. 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