Income Tax Act

  • iGate faces unsettled tax demands worth Rs 738 crore 26-05-2013 12:50 PM

    New Delhi: After WNS and Infosys, iGate is the latest to face tax issues in India with the US-based outsourcing firm having an "unsettled" tax demand of USD 132.7 million (about Rs 738 crore) for assessment years 2004-05 to 2009-10. iGate, which was in news for sacking of its chief...
  • Reconsider Income Tax Act amendment : Modi to Chidambaram 28-04-2013 12:40 AM

    Patna: Bihar Deputy Chief Minister Sushil Kumar Modi has urged the Centre to reconsider amendment in Income Tax Act to disallow levies imposed by state governments on PSUs for imposition and computation of income tax. "The working of the proposed amendment is such that it would give wide discretionary powers...
  • India to amend tax laws after resolving Vodafone dispute 07-04-2013 04:10 AM

    New Delhi: The Indian government will introduce changes in the income tax laws once the dispute with Vodafone is resolved, Finance Minister P Chidambaram said on Saturday. "Amendments to the Income Tax Act is inevitable, that is absolutely necessary," Chidambaram told reporters adding that the government was waiting for a...
  • How the Direct Tax Code will affect you 30-08-2010 04:30 PM

    By Suresh V Swamy – Executive Director and Amee Gala – Manager PricewaterhouseCoopers (PwC) Is today a taxing Monday? The Direct Tax Code (DTC) bill has been introduced in Parliament on Monday. If you wonder whether that concerns you, then yes, as effective from April 1, 2012, it is likely...
  • India to have new I-T Act in 2008-09 08-09-2006 02:05 PM

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