Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: form 3cd :: empanelment :: VAT RATES :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TDS :: cpt
 
 
« Direct Tax »
 RBI releases draft directions on hedging of commodity price
 Unexplained deposits in focus, taxmen ordered to go all out in the next three months
 Why India’s corporate tax rate should be cut
 Best ways to save tax under section 80C
 Govt may exceed direct tax collection target of FY18 Budget estimates
 CBDT relaxes MAT provisions for companies under corporate insolvency
 CBDT relaxes norms for MAT on firms facing insolvency
  Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961
 CBDT to appeal for revival of certain deregistered companies
 How the new tax regime fared in India these last 6 months
 Income Tax Slab for AY 2017-18: Know your tax category

CBEC, CBDT to chart plan to recover Kingfisher Airlines dues
November, 21st 2012

The Central Board of Excise and Customs (CBEC) and the Central Board of Direct Taxes (CBDT) - are preparing a joint strategy to recover over Rs 200 crore dues from the ailing Kingfisher Airlines. "Finance minister P Chidambaram has told CBDT and CBEC to get together and plan out (a strategy), whether it involves talking to regulator or whatever," CBEC chairman Praveen Mahajan said at an industry gathering on Tuesday.

Kingfisher has defaulted on payment of both service tax and direct tax dues and has also failed to act on several notices sent to it by the two tax departments. The finance ministry already froze the airline's bank accounts. "Both CBDT and CBEC have quantified the amount which Kingfisher owes to the government and we will be making out a comprehensive plan to recover tax dues," the CBEC chairman said.

She said the airline had huge dues in service tax and action was initiated without much success. "Whatever is there in service tax act, we have taken all the actions."

Mahajan said in case Kingfisher failed to clear dues, the government may consider starting prosecution proceedings but that may take time.

Reacting on the slow growth in indirect tax collection, the CBEC chairman said by the end of this fiscal, the target of Rs 5.1 lakh crore would be met. Indirect tax collection during April-September rose by 15.6% to Rs 2.17 lakh crore against the annual target of 27%. "Tax collection is doing better. We are hopeful of meeting the target. Service tax collection growth is already more than 35%."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Organic SEO Outsourcing Organic Search Engine Optimization Outsourcing Organic Website SEO Organic SEO India Website SEO India Organic Search Engine Optimization India Organic Internet SEO India Organic Web

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions