Page-6 of Income tax in India

OLTAS System

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 the concerned people and organizations. Background OLTAS was introduced in April, 2004 ..

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Current Affairs : November 4, 2011

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 to the Orissa (the Alteration of Name) Bill and the Constitution(113th) Amendment ..

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Current Affairs : July 17, 2011

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 billion Objective of the Loan: To implement the National Rural Livelihoods Project ..

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Current Affairs : June 23, 2011

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 closed for the visitors for next 3 days The temple complex is ..

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Current Affairs : June 22, 2011

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 for Mr. Ban starts from January 1, 2012 Mr. Ban has termed ..

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Current Affairs : June 16, 2011

Short term lending and borrowing rates hiked by 25 basis points by the RBI The RBI raised the RR (Repo Rate) and the RRR (Reverse Repo Rate) by 25 basis points This was to combat inflation RR raised to 7.5% ..

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