Tue, Oct 23, 2018
A taxpayer had filed his return of income, which was processed by the tax officer under the ordinary procedure. After some time, the tax officer received some additional information on the taxpayer basis the Annual Information Returns filed by various institutions/companies as required under the Income Tax Ac ('the Act').
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Sun, Apr 15, 2018
The ITD had previously seized Rs 666 crore of dividends due to Cairn from its 4.95 per cent residual holding in Vedanta Ltd. It has also refused to pay tax refund of Rs 1,594 crore due to Cairn as a result of overpayment of capital gains tax to recover the dues. Sources said Vedanta, owned by billionaire Anil Agarwal, had last month declared for shareholders a Rs 21.2 a share dividend and a 7.5 per cent payment on preference shares
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