Now, salaried employees who are earning up to Rs 5 lakh a year, are not required to file income tax returns for assessment year 2012-13. The immunity from...
People with income of Rs 10 Lakhs per annum will have to file their tax returns electronically beginning 2011-12 Financial year. The CBDT (Central Board of Direct Taxes)...
Giving respite to the software industry, the government announced that it would remove the complex multi-level system of Tax Deduction at Source (TDS) for the IT sector from...
During 2010-11, the government’s revenue from direct tax collection rose by 94% to Rs 4,46,935 crore in from Rs 2,30,181 crore in 2006-07. During the same period, the...
In a key respite to the nation’s public broadcaster, the Prasar Bharati has been relieved from paying any income tax. As per one of the amendments in the...
The Income Tax department has discovered more than Rs 5,800 Crore of concealed income in the low-profile Micro, Small and Medium Enterprises sector during the fiscal 2010-11. This...
OLTAS refers to On-line Tax Accounting System (OLTAS) for Direct Taxes. Please note that direct taxes include the Income Tax and Corporate Taxes, which are directly levied from...
Constitution (113th) Amendment Bill gets President’s Assent Constitution(113th) Amendment Bill pertains to change of the name of Oriya language to Odiya. President Pratibha Patil has given her assent...
World Bank probable to approve $1 Billion credit for NRLP The Rural Development Ministry to sign agreement with World Bank for Soft Loan worth of $ 1...
Ambubashi Mela commences at the Kamakhya temple in Assam The 4 day yearly Ambushi Mela started at the Shaktipeeth Kamakhya Dham in Guwahati The door of the temple...
UN Secretary General: Ban Ki-moon re-elected Ban Ki-Moon was unanimously elected for a second term by the 192 Nations United Nations General Assembly The second 5 year term...
