Court summons SpiceJet, Kalanithi Maran as accused in IT cases
Budget carrier SpiceJet Ltd, its Chairman Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases for their alleged failure to deposit over Rs 147 crore TDS with the Income Tax (IT) Department.
Jul 21, 2015, 17:29 PM IST
Govt will have to forget direct tax of Rs 6.73 lakh crore
A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.
Jun 08, 2015, 13:31 PM IST
I-T Dept issues detailed circular to address tax grievances
To address grievances of taxpayers, the I-T Department Tuesday put in place a detailed framework for 'verification and correction' of the outstanding tax demand, while rectifying the inaccuracies arising due to delayed or non-reporting of TDS (Tax Deduct at Source).
May 19, 2015, 23:22 PM IST
Some tax deductors not depositing TDS: I-T Dept
The Income Tax Department has taken note of some tax deductors not depositing TDS in the government account after deducting the same from specified payments.
May 12, 2015, 13:21 PM IST
I-T dept collects Rs 6.96 lakh cr revenue during 2014-15
The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.
May 03, 2015, 15:59 PM IST
Tax shortfall: Finmin asks banks to deposit March TDS by month end
According to official data updated till March first week, TDS collections stood at 7.49 per cent as against 16.69 per cent in the same period last year.
Mar 29, 2015, 18:29 PM IST
CBDT asks I-T dept to act on public grievances after PM's rap
CBDT has called for according a "top priority" to addressing taxpayers' grievances by the Income Tax department after Prime Minister Narendra Modi expressed his disappointment about delays in corrective action and harassment of the assesses by tax officials.
Mar 29, 2015, 16:42 PM IST
Have at relook at tax compliance needs of CECs: Gadkari to FM
Ahead of Budget, Union Minister Nitin Gadkari has asked Finance Minister Arun Jaitley to have a relook at service tax compliance requirements of consulting engineering companies (CECs).
Feb 18, 2015, 19:50 PM IST
CBDT calls meeting for review of tax, TDS collection this week
CBDT will conduct a country-wide review of tax collection work, especially for TDS and arrears, later this week in order to shore up the direct tax revenue kitty for the financial year ending March 31.
Feb 04, 2015, 17:24 PM IST
I-T dept to step up prosecution against TDS defaulters
Concerned over latest shortfall in TDS revenue collections, the Income Tax department has decided to enhance prosecution action against large defaulters with the help of its specialised electronic database and processing centre created for this exclusive task.
Feb 03, 2015, 16:27 PM IST
Shortfall in TDS collections: CBDT asks I-T dept to act
The board, according to sources, asked I-T officials to bolster their efforts and give special emphasis on tax collections under the Tax Deducted at Source (TDS) and Advance Tax categories.
Feb 01, 2015, 10:06 AM IST
Jaitley to meet IT official to review revenue collection
Among host of issues that pose a challenge to the revenue collection, official said, the FM would review the shortage of tax collection under Tax Deducted at Source (TDS) category.
Oct 28, 2014, 18:37 PM IST
I-T Dept demands Rs 4,800 cr tax from Sahara India
The Supreme Court will be hearing the plea for the release of Subrata Roy on Friday.
Jul 03, 2014, 20:51 PM IST
