« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  New Income Tax Act to come into force from Apr 1, '08... Why take advantage of an assessee's ignorance... » Indian, HPCL face service tax evasion charge September, 09th 2006 Public sector airline Indian, SAP India and Hindustan Petroleum Corporation (HPCL) have come under fire from Directorate General of Central Excise Intelligence for non-payment of service tax. DGCEI had found service tax evasion to the tune of over Rs 50 crore by these companies during April-July 06. In the case of Indian (erstwhile Indian Airlines), which has a liability of Rs 27.30 crore, DGCEI found that it was receiving services of ticketing, reservation, passenger care, maintenance and repair service from various global service agents located overseas. Such services, received by a person who has an establishment in India, have become taxable. The case is pending further investigation. Bangalore-based SAP India was found guilty of non-payment of service tax to the tune of Rs 25 crore. SAP India has signed a franchisee agreement with its parent company situated outside India and was receiving franchisee services from the parent. While SAP was liable to pay service tax, it did not do so even after summons. After a probe was launched, the company voluntarily deposited Rs 14.96 crore. The case is being further investigated now. HPCL was found not paying service tax under the category of goods transport agency with effect from January 1, 05. The company had taken a service tax registration. After initiation of investigations, the company voluntarily paid the entire tax liability of Rs 4.49 crore.