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Income Tax 2013

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FM says will introduce direct tax code in monsoon session
May 24, 2013 at 19:37 | Source: Reuters
Finance Minister P Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament.
NSE reduces STT rate in capital markets segment
May 24, 2013 at 17:48 | Source: PTI
National stock exchange scaled down the securities transaction tax in the capital markets segments; in the futures segment, the tax now stands at 0.01 percent from 0.017 percent.
Karur Vysya Bank Q4 net up 8% on higher interest income
May 24, 2013 at 13:29 | Source: Moneycontrol.com
Karur Vysya Bank's Q4 net profit rose marginally by 8 percent year-on-year to about Rs 160 crore, driven by non-interest and interest income. However, net profit dropped 27% to Rs 151 crore without reversal of tax provisions.
IT dept conducts a search at SMS Pharma's units, offices
May 24, 2013 at 12:19 | Source: Moneycontrol.com
SMS Pharmaceuticals has informed that the Income-tax Authorities have conducted a search of the records of the Company at all Manufacturing Units, Registered office, and Corporate Office on May 23, 2013. The Company has extended full co-operation to the Income-tax authorities and they have collected the necessary information.
Nava Bharat Ventures board recommends dividend
May 23, 2013 at 19:20 | Source: Moneycontrol.com
Nava Bharat Ventures at its meeting held on May 23, 2013, recommended dividend on Paid-up Equity Capital @ Rs. 5/- per each equity share of Rs. 2/- each absorbing a sum of Rs. 42.16 crores apart from Corporate Dividend Tax of Rs. 7.16 crores for the year 2012-13 (previous year Rs. 4/- per each equity share).
EU steps up fight against tax evasion by end 2013
May 23, 2013 at 11:15 | Source: AP
The EU said the 27 heads of state and governments agreed at summit in Brussels Wednesday to an automatic exchange of bank information among the bloc`s tax authorities to catch tax cheats.

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