An overview of highest tax payers of FY 2016-17
An overview of highest tax payers of FY 2016-17.
Dec 30, 2016, 15:48 PM IST
Govt has taken 'one step forward' on retro tax issue: Jaitley
The government has taken "one step forward" to resolve the retrospective tax cases by putting in place a statutory mechanism for ending such disputes, Finance Minister Arun Jaitley said on Wednesday.
Mar 02, 2016, 12:47 PM IST
British MP nudges Jaitley on Cairn Energy tax dispute
In January 2014, Cairn was slapped with a Rs 10,247 crore assessment notice.
Jan 09, 2016, 15:20 PM IST
India, Switzerland improve cooperation on tax matters
With India stepping up efforts to bring back illicit funds stashed abroad, Switzerland has said both sides have improved their cooperation on tax matters following several high-level meetings.
Dec 10, 2015, 15:56 PM IST
Let's make taxation more transparent, investor-friendly: Rajan
Raghuram Rajan on Monday underlined the need to make taxation more transparent so that the Indian economy is able to attract stable inflow of foreign capital for strong growth.
Oct 19, 2015, 13:10 PM IST
Resolution of three pending tax disputes in works: Jaitley
The government is keen on early resolution of the three pending tax disputes -- involving foreign giants Vodafone, Cairn and Shell -- and the best way to get an expeditious disposal is being worked out, Finance Minister Arun Jaitley said on Sunday.
Sep 20, 2015, 18:00 PM IST
India may waive retrospective MAT tax on foreign investors
Although MAT has been applied to domestic companies to ensure a minimum tax payment, it had never been imposed on foreign institutional investors (FIIs).
Aug 22, 2015, 12:20 PM IST
Indirect tax collection growth shows economy improving: CEA
The Finance Ministry on Wednesday said a steady 37 percent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.
Aug 12, 2015, 12:14 PM IST
India, US sign FATCA to fight tax evasion
To check offshore tax evasion, India and the US on Thursday signed an agreement to implement FATCA that will facilitate exchange of information between the two countries from October 1.
Jul 09, 2015, 17:21 PM IST
India, US to sign tax pact Thursday: Sources
India and the United States will sign a tax information sharing agreement on Thursday, under a new U.S. law meant to combat offshore tax dodging by Americans, two Indian government sources and a source at the U.S. embassy said.
Jul 08, 2015, 19:29 PM IST
FinMin asks taxpayers to e-file I-T returns early
The Finance Ministry today asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.
Jul 01, 2015, 21:16 PM IST
India, Mauritius officials to revisit tax treaty tomorrow
The two-day talks between officials from both countries will start on June 29.
Jun 28, 2015, 14:53 PM IST
No taxman can terrorise assesses of scrutiny: CBDT chief
Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic and devoid of any human intervention.
Jun 24, 2015, 15:54 PM IST
India in talks with Cyprus over tax info exchange
India, which blacklisted Cyprus in 2013 for not sharing tax information under the treaty, is in dialogue with the island nation to resolve the issue, a top finance ministry official said on Tuesday.
Jun 16, 2015, 21:03 PM IST
Govt will have to forget direct tax of Rs 6.73 lakh crore
A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.
Jun 08, 2015, 13:31 PM IST
Retrospective tax issue needs quick-fix: Naina Lal Kidwai
Seasoned banker Naina Lal Kidwai says the issue of minimum alternate tax needs to be tackled amicably and fast, even as she sees full convertibility of the rupee as a 10-year programme.
May 26, 2015, 17:18 PM IST
Govt asks I-T to widen taxpayer base; include 25 lakhs new assesses every month
Government has embarked on a plan to widen the country's taxpayer base and asked the Income Tax department to bring under its net at least 25 lakh new assesses each month during current financial year.
May 12, 2015, 17:15 PM IST
CBDT paid Rs 42,903 cr interest on tax refunds: CAG
The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said on Tuesday.
May 12, 2015, 16:39 PM IST
Rs 4,733 cr collected in taxes via Non-filer Monitoring System
Government has collected Rs 4733.61 crore in taxes since 2013 through Non-filer Monitoring System that tracks large value financial transactions, including via credit cards.
May 08, 2015, 17:25 PM IST
Govt to press ahead with Rs 40,000 cr tax demand on FIIs: FM
FM said that the demands pertain to tax related to earlier period and they wanted it to be waived.
Apr 14, 2015, 22:10 PM IST
