M Padmakshan

  • I-T dept asks six TPAs to pay Rs 117 cr as TDS

    I-T dept asks six TPAs to pay Rs 117 cr as TDS

    The income-tax department last week sent notices to six Mumbai-based third party administrators (TPAs), who process insurance claims, asking them to cough up Rs 117 crore for two consecutive financial years, beginning 2008-09.

    Tax shock for foreign satellite cos

    Tax shock for foreign satellite cos

    A special bench of the Income-Tax Appellate Tribunal, New Delhi, held that fees paid by Indian broadcasting companies to foreign satellite service providers can be taxed in India.

    Advance tax collections may see a sharp rise

    Advance tax collections may see a sharp rise

    Senior income-tax officials expect tax collections to increase substantially by December 15, when the third installment of advance tax payable in the current fiscal is due.

    Transfer pricing  rules help I-T dept earn Rs 15k cr more

    Transfer pricing rules help I-T dept earn Rs 15k cr more

    Transfer pricing (TP) rules that were put in place by the government in the 2001-02 Budget has helped the country’s direct tax regime to earn an additional Rs 15,000 crore to date, according to figures available with the Income-Tax department.

    TPAs under I-T lens over TDS lapses

    TPAs under I-T lens over TDS lapses

    The income-tax (I-T) department last week carried out a survey on a host of the third party administrators (TPAs) to facilitate cashless treatment for policyholders.

    Mumbai TDS mopup rises 8% in Apr-Sept

    Mumbai TDS mopup rises 8% in Apr-Sept

    Tax deducted at source (TDS) collections in Mumbai for the April-September period have crossed last year’s figure with income-tax collections showing an 8% increase, according to figures available till last week.

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