Indirect Tax collection Rises 30% in June Quarter.

The Tax department is hopeful of meeting the revenue assortment target for twelvemonth 2016-17, a prime official aforesaid on Tuesday. Indirect tax assortment rose regarding thirty.8 per cent throughout april-june to RS one, 99, 970 crore, against Rs one, 52,740 large integer within the corresponding amount a year past,  Tax consultant in India The collection up to June indicates that twenty five.7 per cent of the annual budget target of indirect taxes has been achieved within the 1st 3 months of the yr. We … Continue reading Indirect Tax collection Rises 30% in June Quarter.

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Ten Ways The Income Tax Department Can Reform Itself To Get Taxpayer Buy-In?

Starting income tax data was in the news recently that only 1.2 crore, or 1% of Indians paid income taxes. Tax audit service in Delhi, Check with the tax department revealed that the data was somewhat unrepresentative, as it only considered taxes on salaries. The number of individuals paying taxes is close to 5crore or … Continue reading Ten Ways The Income Tax Department Can Reform Itself To Get Taxpayer Buy-In?

9 Tax saving investments to save lakhs on your income tax.

Income tax is something all of us would like to reduce it to the maximum. And what better than tax saving investments under Section 80c to reduce our taxes to some extent. Choose one of the following tax saving investments before 31st March. For more information. Read more at: http://bit.ly/1t35222 http://www.bigdecisions.com/article/9-tax-saving-investments-to-save-lakhs-on-your-income-tax

Tax grievances: Income Tax department to ensure ‘E-nivaran’

The income tax department has launched a special electronic grievance redressal system called ‘e-nivaran’ in order to fast track taxpayer grievances and ensure early resolution of their complaints. A separate and dedicated window for grievance redressal has been launched recently in the has been launched recently has been launched recently in the income tax business … Continue reading Tax grievances: Income Tax department to ensure ‘E-nivaran’

No Official Estimation of Money sent to Foreign Countries by Indian Persons

There is no estimation of the amount of money that has been sent to the foreign countries by Indian persons said by government today.   The money sent by Indian persons to foreign countries is subject matter of investigation and requires follow-up actions by the relevant law enforcement agencies such as Income tax Department, CBI … Continue reading No Official Estimation of Money sent to Foreign Countries by Indian Persons