Foreign investors cry foul over Indian tax surprise
US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.
Apr 02, 2015, 18:40 PM IST
Corporate tax arrears at over Rs 3.11 lakh crore as of Dec 2014
Tax arrears from corporate houses stood at over Rs 3.11 lakh crore till December 2014, Parliament was informed on Friday.
Mar 20, 2015, 19:29 PM IST
MF houses want tax sops for pension products on lines of NPS
Mutual fund houses have said that tax benefits for retirement solutions should be provided on the lines of the New Pension System (NPS) as they are planning to enter pension funds sector in a big way.
Mar 19, 2015, 11:22 AM IST
India, Mauritius to work to avoid 'abuse' of DTAT: PM
India and Mauritius will work together to avoid the "abuse" of double taxation avoidance convention, Prime Minister Narendra Modi declared on Thursday, as the two countries agreed to push negotiations for a long pending revision of the treaty.
Mar 12, 2015, 16:21 PM IST
India, Mauritius agree to push forward negotiations on DTAT
India and Mauritius have agreed to push forward their negotiations for a long pending revision of Double Taxation Avoidance Treaty (DTAT), asserting that their objective is to prevent the "abuse" of the convention.
Mar 12, 2015, 10:42 AM IST
'Use research to weed out procedures encouraging corruption'
A high-level government commission has suggested that tax department undertake regular and periodic review to identify and weed out procedures that lead to corruption in the department.
Feb 20, 2015, 23:26 PM IST
Sebi cracks whip on 1,800-cr tax evasion case
Sebi imposed trading restrictions on 33 entities and suspended trading in one listed company.
Feb 20, 2015, 21:25 PM IST
CBDT sets up committee to simplify tax procedures
In yet another step to simplify tax procedures, CBDT has constituted a committee to redraft existing guidelines for undertaking write-off procedures in irrecoverable tax demand cases.
Feb 12, 2015, 21:54 PM IST
Govt meets 68.6% of indirect tax collection target in April-January
The government on Thursday said it has collected Rs 4.27 lakh crore, or 68.6 percent of budget target for indirect tax, in the April-January period of this fiscal.
Feb 12, 2015, 21:49 PM IST
PM promises fair taxes, growth-focussed policies to investors
Modi said the priority of his government is "growth and jobs" and to establish global benchmarks in areas such as governance, transparency and taxation.
Feb 03, 2015, 22:38 PM IST
Switzerland begin talks for framing tax info exchange law
In another step to prevent cross border tax evasion, Switzerland today began consultations for framing a legislation related to sharing tax information automatically with other nations, including India.
Jan 14, 2015, 21:09 PM IST
Govt meets 60.6% indirect tax collection target during April-December
Government today said it has collected Rs 3.77 lakh crore, or 60.6 percent, of budget target for indirect tax by December 2014.
Jan 13, 2015, 21:18 PM IST
India moving towards tax friendly regime: Jaitley
Advocating a tax structure which discourages evasion, Jaitley said there was a misconception that high tax rates lead to higher revenues.
Nov 27, 2014, 19:32 PM IST
India signs tax info exchange pact with Saint Kitts & Nevis
The agreement is modelled on other tax information exchange agreements and would cover taxes imposed by both the countries.
Nov 13, 2014, 12:53 PM IST
India in talks with a number of countries for new tax treaties
India on Tuesday said negotiations are going on for signing new Double Taxation Avoidance Agreements (DTAAs) with Hong Kong, Iran, Nigeria and three other nations.
Jul 15, 2014, 17:32 PM IST
Imposing retrospective tax was most regressive thing: Arun Shourie
The Lok Sabha had approved the Finance Bill, 2012 which sought to amend the Income Tax Act, 1961.
Jun 17, 2014, 13:28 PM IST
