Central Board of Direct Taxes

Type: Organization

Name: Central Board of Direct Taxes

First reported 18 hours ago - Updated 3 hours ago - 3 reports

Infosys to challenge new tax demand of Rs 577 crore

Infosys is in the process of filing an appeal before the Commissioner of Income Tax after the latter claimed unpaid net tax dues of Rs 577 crore from the Bangalore-based software giant.Indian Income tax authorities demanded dues for the year 2007-08 and ... [Published New Indian Express - 3 hours ago]

Entities: Infosys Ltd, Taxes, US Securities and Exchange Commission, Central Board of Direct Taxes

First reported 7 hours ago - Updated 7 hours ago - 1 reports

Procedural change for issuance of Form 16 may not bear desired result

Tags: Central Board Of Direct Taxes | Direct Taxes | Business NewsIt’s that time of the year when employers get busy with issuing Form 16 to their employees. In this regard, it is important to note that Central Board of Direct taxes (CBDT), vide its ... [Published Financial Express - 7 hours ago]

Entities: Central Board of Direct Taxes, Taxes, Digital Signature

First reported 8 hours ago - Updated 8 hours ago - 1 reports

Regulation tries to catch up, but stays two steps behind

Two policy changes, one recent and one upcoming, intended to choke the flow of questionable money via dubious equity dealings—an allegation made in several recent transactions involving companies linked to politicians and their families—are likely to ... [Published Economic Times - 8 hours ago]

Entities: Kirit Somaiya, Central Board of Direct Taxes, Tax-Haven, Taxes

First reported May 19 2013 - Updated May 20 2013 - 1 reports

Infosys Ltd

Rs 577-cr tax notice on Infosys

Income Tax department has slapped a fresh Rs 577-crore tax demand notice on Infosys for 2009-10 assessment year.The Bangalore-based software services exporter said that it is in process of seeking legal recourse against the fresh tax demand notice.The ... [Published Hindu Business Line - May 19 2013]

Entities: Infosys Ltd, Taxes, US Securities and Exchange Commission

First reported May 20 2013 - Updated May 20 2013 - 1 reports

MY BIZ: Process to amend Prize Chit Banning Act to help counter cheat fund fraudsters gathers speed

By Kartikeya Sharma Bubai Ghosh's suicide in Jalpaiguri early this year was not a standalone case. His body represented broken homes of thousands of families who were sold to the 'quick bucks' dream by the Saradha Group.The company collapsed leaving thousands ... [Published Mail Online UK - May 20 2013]

Entities: Central Board of Direct Taxes, Money Laundering Act, Suicide, Multi-Level Marketing

First reported May 19 2013 - Updated May 19 2013 - 1 reports

Australian Labor Party

Transfer pricing: Tolerance margin needs to be rationalised

When transfer pricing provisions were introduced in India in the year 2001, no tolerance limit was prescribed for adjustment in arm's length price (ALP). Thus any difference between the ALP, as calculated by adopting an appropriate prescribed method, ... [Published Sify - May 19 2013]

Entities: Tolerance, Australian Labor Party, Alok Gupta, Litigation, Central Board of Direct Taxes

First reported May 19 2013 - Updated May 19 2013 - 1 reports

Guidance note on advanced pricing pacts issued

The Central Board of Direct Taxes (CBDT) has come out with a comprehensive guidance note with frequently asked questions on (APAs). This will be a handy guide to the potential APA applicants as it provides practical insights to the approach, process and ... [Published Hindu Business Line - May 19 2013]

Entities: Central Board of Direct Taxes, Tax Law, Bilateral

First reported May 19 2013 - Updated May 19 2013 - 2 reports

Chidambaram to Meet Top I-T Brass Later This Month

Finance Minister P Chidambaram will inaugurate a two-day conference of top Income Tax department and CBDT officers later this month in the national capital and discuss efforts to maximise revenue collection.The annual conference of Chief Commissioners ... [Published Outlook India - May 19 2013]

Entities: Palaniappan Chidambaram, Central Board of Direct Taxes, Ministry of Finance, Tax Evasion, Surveillance

First reported May 17 2013 - Updated May 18 2013 - 3 reports

MPs seeks ban on chit funds

Parliament panel favours single regulator for ponzi schemes.Based on government’s acceptance that proliferation of chit funds and instances such as Sharda chit fund scam indicate a failure of the government and regulatory agencies, the Parliamentary Standing ... [Published DNA India - May 18 2013]

Entities: Central Board of Direct Taxes, Yashwant Sinha, Proliferation, Gurudas Dasgupta

First reported May 15 2013 - Updated May 16 2013 - 2 reports

Vodafone tax case: Kejriwal targets Sibal, Essar denies allegations

?Sibal?s go ahead for conciliation is significant especially in view of the fact that the main company in this case — Hutchinson Telecommunications International Ltd — is his son Amit Sibal?s client,? said AAP founder Kejriwal.Arvind Kejriwal holds a ... [Published Firstpost.com - May 15 2013]

Entities: Kapil Sibal, Essar Group, Arvind Kejriwal, Vodafone Group Plc

First reported May 15 2013 - Updated May 15 2013 - 1 reports

Broadcasters fear the return of gross ad-billings

NEW DELHI: Indian broadcasters fear that an (AAAI) move to request the (CBDT) to repeal Income Tax notices to broadcasters — which seems designed to help them — may actually be designed to bring back the gross ad-billings arrangement which they had managed ... [Published Economic Times - May 15 2013]

Entities: Association For The Advancement Of Artificial I..., Central Board of Direct Taxes, Shailesh Shah, Manjit Singh, Taxes

First reported May 14 2013 - Updated May 14 2013 - 2 reports

Kapil Sibal overturns Ashwani Kumar's decision on conciliation with Vodafone

New Delhi: Newly-appointed Law Minister Kapil Sibal has overturned his predecessor Ashwani Kumar's decision on the Vodafone tax liability issue and has given a go ahead for the matter to be resolved through conciliation.British telecom major Vodafone ... [Published NDTV - May 14 2013]

Entities: Vodafone Group Plc, Kapil Sibal, Central Board of Direct Taxes, Hutchison Essar Limited, Attorney General

Quotes

..."MCA 21 has details of more than 700,000 companies, but they are not in a searchable format," he says. "The files are in PDF format and one has to download each of them to get details, which takes lot of time."

Regulation tries to catch up, but stays two steps behind [Published Economic Times - 8 hours ago]

"We will take legal recourse against the fresh tax demand notice as well" the company observed

Infosys to appeal against tax demand [Published News Track India - 16 hours ago]

"The government introduced benefits under section 10A and 10B also under the SEZ scheme to boost software exports...recently the government has further liberalized the SEZ scheme which will increase employment, investment and foreign exchange earnings. The business model followed by the industry is simple and straightforward and there should be no denial of the benefits of incentives given under these schemes" Mittal said

Infosys to challenge latest tax demand of Rs.577 crore [Published Individual.com - 18 hours ago]

"They were all running a typical Ponzi scheme where fresh deposits kept the business going but as soon as the fresh deposits started drying up, the entire business crumbles down" the note further read. Share or comment on this article 0shares Cool

MY BIZ: Process to amend Prize Chit Banning Act to help counter cheat fund fraudsters gathers speed [Published Mail Online UK - May 20 2013]

More Content

sort by: Date \| Relevance
Infosys to challenge new tax demand of Rs 577 c... [Published New Indian Express - 3 hours ago]
Procedural change for issuance of Form 16 may n... [Published Financial Express - 7 hours ago]
Regulation tries to catch up, but stays two ste... [Published Economic Times - 8 hours ago]
Infosys to appeal against tax demand [Published News Track India - 16 hours ago]
Infosys to challenge latest tax demand of Rs.57... [Published Individual.com - 18 hours ago]
MY BIZ: Process to amend Prize Chit Banning Act... [Published Mail Online UK - May 20 2013]
Transfer pricing: Tolerance margin needs to be ... [Published Sify - May 19 2013]
I-T Office Slaps Rs 577-Cr Tax Demand Notice on... [Published Outlook India - May 19 2013]
Rs 577-cr tax notice on Infosys [Published Hindu Business Line - May 19 2013]
Guidance note on advanced pricing pacts issued [Published Hindu Business Line - May 19 2013]
Chidambaram to Meet Top I-T Brass Later This Month [Published Outlook India - May 19 2013]
Chidambaram to meet top I-T brass later this month [Published Press Trust of India - May 19 2013]
MPs seeks ban on chit funds [Published DNA India - May 18 2013]
Par panel seeks universal law governing chit fu... [Published New Delhi Pioneer - May 17 2013]
Parl panel for single regulator to monitor chit... [Published IBNLive India News - May 17 2013]
CBI, FIU sign pact for better exchange of info ... [Published NewKerala.com - May 17 2013]
Vodafone tax case: Kejriwal targets Sibal, Essa... [Published Firstpost.com - May 15 2013]
Tax evasion: Why did Sibal extend undue favours... [Published Firstpost.com - May 15 2013]
ICICI, HDFC Bank, Axis flouted norms but no mon... [Published Individual.com - May 15 2013]
Principal A-G is chairman of revamped audit board [Published New Indian Express - May 15 2013]
Broadcasters fear the return of gross ad-billings [Published Economic Times - May 15 2013]
Kapil Sibal overturns Ashwani Kumar's decision ... [Published NDTV - May 14 2013]
Kapil Sibal overturns Ashwani Kumar's decision ... [Published NDTV - May 14 2013]
Taking the tedium out of TDS [Published Hindu Business Line - May 12 2013]
Still not a smooth path for TRC [Published Hindu Business Line - May 12 2013]
Quick return [Published Financial Express - May 12 2013]
Tax treaties not to provide I-T return leeway a... [Published Smart Investor - May 09 2013]
Watching the financial watchdogs [Published Money Life - May 08 2013]
Tax amendments to file Income-Tax return for AY... [Published Moneycontrol.com - May 07 2013]
Despite low pay, govt internship high on young ... [Published Smart Investor - May 07 2013]