M Padmakshan

Oct 19, 2019, 05.53 AM IST

M Padmakshan

  • 'ITAT can hear fresh claims of tax payers'

    'ITAT can hear fresh claims of tax payers'

    In an order that could provide great relief to many tax payers, who missed the opportunity to make proper claim before tax authorities, ITAT held that it has powers to hear fresh claims of tax payers.

    Advance tax kitty hints at rebound

    Advance tax kitty hints at rebound

    Most cos in 100 top taxpayers list from Mumbai have reported a higher tax payment for the April-June quarter. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE

    Service sector cos to get tax incentives for job creation

    Service sector cos to get tax incentives for job creation

    Employment generating companies in the service sector are likely to get a boost in the forthcoming Budget in the form of tax incentives. This can be through a tax benefit, which will be in proportion to the number of new jobs created by companies.

    Advance tax mop-up may surge in Q1

    Advance tax mop-up may surge in Q1

    India's commercial capital is expecting a surge in advance tax payments for the first quarter of this fiscal, with the collections from tax deduction at source (TDS) registering an 18% jump so far compared with the previous year.

    Foreign tie-ups of trusts taxable

    Foreign tie-ups of trusts taxable

    AAR has held that tax is to be paid on all cross-border transactions even if the parties involved are exempt from taxation in their countries. Tax myths I Safe tax saving

    Taxman delves deeper into Mumbai black moneybags

    Taxman delves deeper into Mumbai black moneybags

    Of the 50 Indians who stashed away unaccounted money in the European tax haven of Liechtenstein, 25 belong to Mumbai. Tax authorities have reopened assessments of all these 25 taxpayers, or rather evaders, under section 148 of the IT Act.

    KT Corp may not have to pay tax here

    KT Corp may not have to pay tax here

    KT Corporation, a South Korean telecom major, has secured a favourable judgement from the Authority for Advance Ruling, a quasi-judicial body on tax matters, that will have a bearing on company's tax liability in India. AAR ruling can support its case for not paying tax in India.

    Securities tax mop-up dips 22% in Mumbai

    Securities tax mop-up dips 22% in Mumbai

    Collections by way of the Securities Transaction Tax, the tax levied on buying and selling of securities, from Mumbai dipped by around 22%, according to Central Board of Direct Taxes sources.

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