Showing posts with label Income Tax. Show all posts
Showing posts with label Income Tax. Show all posts

Monday, January 13, 2014

Can not Escape service tax Fraudder

Finance Minister P Chidambaram has said that service tax evaders will not get any escape route in case . Including arrest and prosecution if caught in tax evasion strict action will be taken against them . In the case of service tax evasion in the country so far 13 people have been arrested .
He said that the service of the nation's gross domestic product ( GDP) is 55 per cent . There is no reason why that should not tax services . Chidambaram here on Tuesday organized by the Department of Central Excise and Customs voluntary compliance incentives ( VCES ) were addressing the awareness camp . The Government has introduced a package of amnesty for defaulters .
He just seven million of those 17 million registered firms and are paid as service tax . The rest needs to reach 10 million . They may be far from our reach . But with the help of the technical resources, the revenue department's investigation and any tax thief through 360 degrees profiles can be easily caught .

Sunday, January 12, 2014

Wipro faces serious tax Problem

India's third largest IT company Wipro is facing the threat of property seizure . Not pay property tax of Rs 16.47 crore on the charges. So Greater Bangalore Municipal Corporation ( BBMP ) has threatened to take legal action .
Wipro said it is taking legal steps to avoid this action .
BBMP despite notices allege that the company is paying tax . So the final notice is issued . If this time does not pay property tax will take action if necessary . The company alleged that the BBMP is in a wrong way to recovery . Without prior notice to BBMP officials on November 27 reached their Sarjapur office and remained there for seven hours . During this time he tried to recover many wrong ways . The notices were sent back many mistakes . Should be improved , but they are expanding the number of notices . Being a responsible corporate we appeal to them that they are the right ways to behave with us .
BBMP , chairman of the Standing Committee on Finance 's Tax and MS Shiv has denied the allegations . He said that after three notices also not tax the corporation has the right to seize the property . In January last year the company had paid Rs five crore . After that there was no payment . Shiv said on Friday he has called a meeting on the matter . We 're willing to wait a week . Thereafter, further action will be taken.

Saturday, January 11, 2014

Now Pan Card Can Issue with the help of Adhar Card

Income Tax Department PAN [ Permanent Account Number ] basis for identity cards and have decided to accept as proof of address . The Central Board of Direct Taxes [ CBDT ] has issued a notification in this regard .
CBDT said that the 12-digit Aadhaar number will also admitted to construct the pan . Unique Identification Authority [ Uaidiaai ] by cards issued by 51 million people . Before the creation of PAN card, voter ID card , driving license , arms license , photo identity cards issued by the government and PSUs were accepted . People electricity bill as proof of address , telephone or broadband connection bill , or PNG gas connection the connection bills, bank accounts and passports were charged book . Recently RBI base cards to open bank accounts KYC [ Know Your Customer ] under the agreement was valid evidence .