Import duty hiked on ghee, butter, butter oil
The government on Monday raised the import duty on three related products - ghee, butter and butter oil - from 30 to 40 percent with immediate effect, owing to a steep fall in global prices.
Oct 05, 2015, 15:17 PM IST
Tax collection to fall short of target: Finance Ministry
Finance Ministry shared concerns that revenue collection will fall short by Rs 50,000 crore, but sounded optimistic in meeting fiscal deficit target for 2015-16.
Oct 05, 2015, 14:39 PM IST
Black money: Govt revises disclosure to Rs 4,147 crore from earlier Rs 3,770 crore
He said under the Foreign Account Tax Compliance Act (FATCA), signed with the US, India has already started getting information. "Wealth of information has come from US," he said.
Oct 05, 2015, 12:58 PM IST
Bad elements in tax dept to be dealt with: Revenue secy
Promising just and fair decision in all tax matters, the new Revenue Secretary Hasmukh Adhia today said "bad elements" in the tax department will be identified and "taken care of" so that they don't spoil the investment climate.
Sep 01, 2015, 15:30 PM IST
No intention of banning P-Notes overnight: Rev Secy
Clearing the air on P-Notes, Revenue Secretary Shaktikanta Das Thursday said the government has no intention of banning these financial instruments overnight and it is examining how to improve the disclosures.
Aug 20, 2015, 19:30 PM IST
Govt to hold consultations on P-notes, no decision yet: Revenue Secretary
The Supreme Court-appointed SIT on black money last week recommended a host of measures, including suggesting the securities regulator SEBI to tighten norms related to participatory notes investments into India.
Jul 27, 2015, 11:09 AM IST
'Compliance window not revenue mobilisation measure'
The one-time compliance window provided to undisclosed foreign asset holders to come clean under the black money law is not a revenue mobilisation exercise, Revenue Secretary Shaktikanta Das has said.
Jul 05, 2015, 14:42 PM IST
Govt to provide roadmap for ending corporate tax exemptions in 45 days
A road map to eliminate all tax exemptions and incentives for corporates will be unveiled in the next 45 days as a prelude to lowering of corporate tax rate to 25 percent over a four-year period, Revenue Secretary Shaktikanta Das Wednesday said.
Jul 01, 2015, 10:51 AM IST
Revenue Secretary meets Shah; tax experts to be part of panel on MAT
Revenue Secretary Shaktikanta Das met Law Commission Chairman Justice Shah on Friday in this regard, sources said.
May 08, 2015, 18:02 PM IST
'Compliance window on black money will be for a few months'
Asked how long the compliance window would be, he said: "It has to be a matter of a few months. It's a matter on which the government is yet to take a decision."
Apr 19, 2015, 13:16 PM IST
MAT to become irrelevant after corporate tax comes down to 25%
The Minimum Alternative Tax (MAT) will become irrelevant with removal of tax incentives and reduction in corporate tax rate to 25 percent over next four years, Revenue Secretary Shaktikanta Das said.
Apr 01, 2015, 21:12 PM IST
Bill on black money likely in ongoing Parliament session: Revenue Secretary
Government is likely to bring a new law on black money during the ongoing Parliament session to effectively deal with the menace, Revenue Secretary Shaktikanta Das said on Wednesday.
Mar 11, 2015, 15:54 PM IST
Black money: Govt dismisses reports over voluntary disclosure of overseas accounts
Government on Saturday dismissed reports that there will be no prosecution of black money holders if they come forward and make a declaration of their overseas accounts before 2017.
Mar 07, 2015, 20:49 PM IST
GST will transform India's fiscal architecture: Jayant Sinha
The GST roll out will prove to be a revolutionary step and has potential to transform the "fiscal architecture" of the government, Minister of State for Finance Jayant Sinha said today.
Mar 05, 2015, 17:26 PM IST
Govt optimistic about GST roll out from April 2016: Rev Secy
The government is confident of rolling out the much-awaited Goods and Services Tax (GST), which aims at creating a single tax for goods and services across the country, from April 1, 2016, a top finance ministry official said.
Mar 05, 2015, 16:17 PM IST
Banks, financial institutions to face action under new black money law: Das
Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth, along with the action against the perpetrators and beneficiaries of this crime.
Mar 04, 2015, 16:31 PM IST
RBI rate cut good for business, will boost demand: Revenue Secretary
RBI's decision to cut interest rate augurs well for business and will prompt people to go in for housing and consumer loans which will boost demand and growth, Revenue Secretary Shantikanta Das said Wednesday.
Mar 04, 2015, 13:34 PM IST
Black money: One-time short window for declaring assets abroad: Revenue Secretary
The government will give a one-time 'short window' to holders of black money abroad to declare their wealth, pay taxes and penalty and escape prosecution under the proposed stringent law to deal with the menace.
Mar 03, 2015, 18:57 PM IST
India gets a month more to sign FATCA with US: Das
India and some other countries have got one more month from the US to sign the Foreign Account Tax Compliance Act (FATCA), an agreement which seeks to facilitate flow of financial information.
Dec 26, 2014, 17:04 PM IST
Assessees will not be made to wait to meet tax officials
As per the current practice, tax officials call assesses for meetings at one time and they have to wait for long hours for their turn.
Sep 21, 2014, 11:42 AM IST
