Commercial Taxes Department
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2 Commercial Tax Officials Killed In Road Crash In UP: Police
Two officials of the Commercial Tax Department were killed on duty after a truck allegedly hit their SUV in Uttar Pradesh's Mathura district, police said on Thursday.
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Budget 2019: Tax Rebate for Buying Electric Cars, Eased Angel Tax Norms, New Space Company for ISRO, More
Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.
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Income Tax-Saving Fixed Deposit: Interest Rates, Maturity Period And Other Key Details
From state-run State Bank of India (SBI) to private sector peers HDFC Bank and ICICI Bank, major commercial banks today pay interest at the rates of 6.25-7.25 per cent to the general public, and 6.7-7.75 per cent to senior citizens, on tax-saving fixed deposits, according to their websites.
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Bengaluru Businessman Arrested For Evading GST Of Rs 42 Crore
A businessman was arrested Tuesday by the Karnataka commercial taxes department for allegedly evading GST of Rs 42 crore by raising fake invoices of Rs 245 crore in the name of deceased and fictituous people.
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UP Tax Official Allegedly Rapes Colleague In A Hotel
The police have registered a rape case against a senior official of the Uttar Pradesh Commercial Tax Department based on a complaint made by his colleague, an official said on Monday.
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Top Andhra Pradesh Tax Officer Arrested In Corruption Case
A senior officer of the Commercial Taxes Department was today arrested by the Andhra Pradesh Anti-Corruption Bureau for allegedly owning, in his or his relatives' names, assets worth over Rs 150 crore.
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After GST, Goa Tax Collection Drops 22%, Says Official
The State Commercial Taxes Department, which keeps a record of tax collection, said the drop is not expected to continue in the future.
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Sold Properties To Buy A New House? Income Tax Ruling You Need To Know
Section 54F of Income Tax Act deals with exemption on long-term capital gains arising from sale of capital assets like plot of land and commercial house property.
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Kerala Probes Luxury Tax Evasion by Marriage Halls
The Kerala government's commercial taxes department has crated special squads to curb evasion of luxury tax by marriage halls in the state, an official said on Thursday.
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Kerala Government Slaps Fine on Online Traders
Kerala Commercial Taxes Department has slapped a fine of Rs 53.63 crore on four online trading companies including Flipkart and Jabong for allegedly doing illegal business in the state.
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Karnataka Government Must Remove Tax Hurdles for Amazon Traders: Nasscom
A Nasscom official made the observation in light the recent issuing of state commercial tax department notices to about 50 Amazon dealers for not paying value added tax.
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Nokia Tax Issue: Hearing Posted to June 25
The Madras High Court on Wednesday adjourned to June 25 further hearing of appeals filed by Nokia as well as the Tamil Nadu government over the issue of Rs 2,400 crore of tax demand by the state government.
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Complete computerisation of Commercial Taxes Dept announced
With a view to ensure transparency and increase productivity, Tamil Nadu Chief Minister J Jayalalithaa today announced complete computerisation of Commercial Taxes Department, a key revenue generator for the government, and sanctioned Rs 230 crore towards this process.
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Tax officials depriving Karnataka of Rs 758 crore
Negligence of officials in the Commercial Tax department has deprived the state of Rs 758 crore since 1999. The Public Accounts Committee (PAC) of the Karnataka Legislature has recommended action against these officials who have allegedly failed to collect tax arrears from individuals and traders stating that the defaulters were absconding.
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Bangalore dealers evade tax worth Rs 110 crore
Dealers going any length to evade tax have begun to feel the heat, with Enforcement Wing of the State Commercial Tax Department tightening the screws in the system to eliminate fraudulent practices.
-
2 Commercial Tax Officials Killed In Road Crash In UP: Police
Two officials of the Commercial Tax Department were killed on duty after a truck allegedly hit their SUV in Uttar Pradesh's Mathura district, police said on Thursday.
-
Budget 2019: Tax Rebate for Buying Electric Cars, Eased Angel Tax Norms, New Space Company for ISRO, More
Budget 2019: Finance Minister Nirmala Sitharaman detailed a number of proposals in the budget to boost e-mobility, Indian space programme, startups and Make in India initiative as the government looks to turn the country into a $5 trillion (3,42,65,500 crores) economy by 2024-2025.
-
Income Tax-Saving Fixed Deposit: Interest Rates, Maturity Period And Other Key Details
From state-run State Bank of India (SBI) to private sector peers HDFC Bank and ICICI Bank, major commercial banks today pay interest at the rates of 6.25-7.25 per cent to the general public, and 6.7-7.75 per cent to senior citizens, on tax-saving fixed deposits, according to their websites.
-
Bengaluru Businessman Arrested For Evading GST Of Rs 42 Crore
A businessman was arrested Tuesday by the Karnataka commercial taxes department for allegedly evading GST of Rs 42 crore by raising fake invoices of Rs 245 crore in the name of deceased and fictituous people.
-
UP Tax Official Allegedly Rapes Colleague In A Hotel
The police have registered a rape case against a senior official of the Uttar Pradesh Commercial Tax Department based on a complaint made by his colleague, an official said on Monday.
-
Top Andhra Pradesh Tax Officer Arrested In Corruption Case
A senior officer of the Commercial Taxes Department was today arrested by the Andhra Pradesh Anti-Corruption Bureau for allegedly owning, in his or his relatives' names, assets worth over Rs 150 crore.
-
After GST, Goa Tax Collection Drops 22%, Says Official
The State Commercial Taxes Department, which keeps a record of tax collection, said the drop is not expected to continue in the future.
-
Sold Properties To Buy A New House? Income Tax Ruling You Need To Know
Section 54F of Income Tax Act deals with exemption on long-term capital gains arising from sale of capital assets like plot of land and commercial house property.
-
Kerala Probes Luxury Tax Evasion by Marriage Halls
The Kerala government's commercial taxes department has crated special squads to curb evasion of luxury tax by marriage halls in the state, an official said on Thursday.
-
Kerala Government Slaps Fine on Online Traders
Kerala Commercial Taxes Department has slapped a fine of Rs 53.63 crore on four online trading companies including Flipkart and Jabong for allegedly doing illegal business in the state.
-
Karnataka Government Must Remove Tax Hurdles for Amazon Traders: Nasscom
A Nasscom official made the observation in light the recent issuing of state commercial tax department notices to about 50 Amazon dealers for not paying value added tax.
-
Nokia Tax Issue: Hearing Posted to June 25
The Madras High Court on Wednesday adjourned to June 25 further hearing of appeals filed by Nokia as well as the Tamil Nadu government over the issue of Rs 2,400 crore of tax demand by the state government.
-
Complete computerisation of Commercial Taxes Dept announced
With a view to ensure transparency and increase productivity, Tamil Nadu Chief Minister J Jayalalithaa today announced complete computerisation of Commercial Taxes Department, a key revenue generator for the government, and sanctioned Rs 230 crore towards this process.
-
Tax officials depriving Karnataka of Rs 758 crore
Negligence of officials in the Commercial Tax department has deprived the state of Rs 758 crore since 1999. The Public Accounts Committee (PAC) of the Karnataka Legislature has recommended action against these officials who have allegedly failed to collect tax arrears from individuals and traders stating that the defaulters were absconding.
-
Bangalore dealers evade tax worth Rs 110 crore
Dealers going any length to evade tax have begun to feel the heat, with Enforcement Wing of the State Commercial Tax Department tightening the screws in the system to eliminate fraudulent practices.
