Direct tax

Income Tax Surveys at Jaipur Result in Detection of Undisclosed Income of Rs. 118 Crore

A Survey action was conducted by the Income Tax Department at Jaipur on 03.09.2013 in the case of a leading Builder and Developer of Jaipur which resulted in the detection of the additional income of Rs. 95.14 crores. The assessee not only admitted the said additional income but also furnished the post dated cheques of… Read More

Tags: Direct taxFiscal yearIncome taxIncome Tax DepartmentJaipurRupeeTax

Direct Tax Collections for August Quarter up by 14.43%

Gross direct tax collections during April-August of the Financial Year 2013-14 is up by 14.43 percent at Rs.1,88,193 crore as against Rs. 1,64,463 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 11.72 percent and stood at Rs. 1,08,075 crore as against Rs. 96,738 crore in… Read More

Tags: Corporate taxDirect taxFiscal yearIncome taxPercentageRupeeSTTWealth tax

DCI Search and Seizure Operations Reveal Undisclosed Income of Rs. 438 Crore

The Directorate of Criminal Investigation (DCI) was created vide Notification dated 30th May, 2011 and 19th August 2011 to perform functions in respect of criminal matters having any financial implications punishable as an offence under any direct tax law including inter-alia: ¢ Chapter XXII of the Income Tax Act, 1961 (Act 43 of 1961); and… Read More

Tags: DCIDirect taxIncome taxIndiaLok SabhaRupeeSearch and seizureTax

Gross Direct Tax Collection Figures for April-July 2013-14 up by 13.27 %

Gross direct tax collections during April-July of the Financial Year 2013-14 is up by 13.27 percent at Rs. 1,57,169 crore as against Rs. 1,38,751 crore in the same period last year. While gross collection of Corporate taxes has shown an increase of 9.75 percent and stands at Rs. 92,115 crore during April-July in F.Y. 2013-14… Read More

Tags: Corporate taxDirect taxFiscal yearIncome taxPercentageRupeeTaxWealth tax

CLR Snipppets | Tax Collection Report

Gross direct tax collections during April-May of the current Financial Year 2013-14 is up by 21.10 percent at Rs. 63,252 crore as against Rs. 52,231 crore in the same period during the last fiscal. While Gross Collections of Corporate Taxes showed an increase of 14.91 percent and stood at Rs.27,957 crore as against Rs. 24,329… Read More

Tags: Direct taxFiscal yearGreenwich Mean TimeIncome taxIndo-Asian News ServiceKolkataPercentageRupee

Extension of Banking Hours and Opening of All Agency Banks Collecting Direct Taxes

Extension of Banking Hours on Saturday, 30th March, 2013 and Opening of All Agency Banks Collecting Direct Taxes on Friday, 29th March and on Sunday, 31st March, 2013 In view of the ensuing holidays in several parts of the country and keeping in view the likely rush of taxpayers to deposit direct taxes in the… Read More

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