Interest on rupee denominated bonds to attract 5% tax
Reserve Bank of India has recently permitted the corporates to issue rupee denominated bonds outside India.
Oct 29, 2015, 14:33 PM IST
Service Tax Dept to focus on 5 evasion prone sectors
"With a view to improve collection, the Service Tax department has prepared sector specific profile of five sectors which are prone to evasion," a senior official told PTI.
Sep 06, 2015, 11:04 AM IST
Govt may soon come out with circular on relief to FIIs on MAT
The Revenue Department may soon come out with a circular on providing relief to FIIs from the minimum alternate tax (MAT) with retrospective effect.
Aug 24, 2015, 22:25 PM IST
Revenue Dept probing entities over penny stock misuse: Das
A day after Sebi clampdown on 59 entities misusing stock market for evading taxes, the government today said the investigation wing of the Revenue Department is probing companies which use the penny stock route for tax evasion.
Aug 21, 2015, 15:40 PM IST
India, US resolve 35 transfer pricing disputes in IT sector
The Revenue Department Thursday said 35 transfer pricing disputes between India and the US in different segments of Information Technology (IT) have been resolved and another 100 are likely to be settled in the next three months.
Aug 06, 2015, 18:03 PM IST
'Place of Supply' rules for e-commerce under GST on anvil
As part of GST roll out, the Revenue Department will prepare 'Place of Supply' rules that will comprehensively cover taxation of e-commerce, an official said.
Jul 19, 2015, 15:02 PM IST
Registration of properties in unauthorises colonies allowed
In a major relief to lakhs of people living in unauthorised colonies, Delhi government on Tuesday decided to allow registration of properties in the settlements regularised by the Centre, heeding to a long-standing demand of the residents.
Mar 31, 2015, 21:19 PM IST
CBDT makes public names of 18 tax defaulters who owe Rs 500 crore
Adopting an aggressive approach to increase tax collection, the revenue department for the first time publically named 18 tax defaulters - including Goldsukh Trade and Somani Cements - who owe over Rs 500 crore to the exchequer.
Mar 26, 2015, 17:50 PM IST
Rs 8,900 cr in taxes pending against LIC, SBI, BSNL: Panel
Pulling up Revenue Department for its "inefficiency" in tax recovery, a Parliamentary panel has said that nearly Rs 8,900 crore is pending against just three public sector companies, LIC, SBI and BSNL.
Dec 11, 2014, 18:35 PM IST
PMO asks tax dept to find more ways to bring back black money
Aiming to intensify government's drive on black money, the PMO has asked the revenue department to look for ways other than bilateral tax treaties to bring back funds stashed abroad.
Nov 24, 2014, 22:46 PM IST
FM bars tax officials using political influence for postings
In a stern warning against use of political recommendations for postings of choice, Finance Minister Arun Jaitley has asked tax officials to desist from such practices or else face disciplinary action.
Jun 26, 2014, 18:55 PM IST
