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The recent Bombay High Court’s judgment in Vodafone Essar might have vindicated the unexceptionable stand of the income-tax administration that is founded on the correct understanding of the law as laid down in Section 9(1)(i) of the

US taxpayers will get money back from the government program providing up to $ 250 billion in capital to banks around the country.

Economic slowdown has started showing on the Centre’s direct tax collections with revenues from this count taking a beating, declining by nearly 40%.

Net direct tax collections declined by 36 per cent in November this year mainly on account of the economic slowdown and also due to advancement of the last date for filing tax returns for companies

Investors must also consider fixed maturity plans (FMPs), as they give better post-tax returns. Time for systematic investing for long term | Mistakes investors make

ABG Shipyard had touched an intraday high of Rs 94.45 and an intraday low of Rs 85.30. At 2:27 pm, the share was quoting at Rs 87.50, up Rs 3.25, or 3.86% on the NSE. The shipbreaking industry can now ask for deductions from taxable income under Sections 80I and 80HH of the Indian Income Tax Act, 1961.

The direct tax realisation till November this fiscal stood at Rs 1,77,251 crore

Mumbai, New Delhi, Dec. 4 Wednesday’s High Court dismissal of Vodafone’s writ petition against the income tax demand on them could have a potential implication on several other M&A deals, industry watchers

New Delhi, Dec. 4 The Income-Tax Department estimates that tax deducted at source (TDS) amounting to about $ 2 billion had not been paid to the exchequer in the $ 11.2-billion Hutch-Essar

A day after the Bombay High Court gave a verdict in favour of the income tax department in the Vodafone tax case, income tax authorities have said that they will look at examining other similar cases. CNBCTV18\’s Siddharth Zarabi gets the details