CBDT sets up dedicated structure for delivery, monitoring of tax payer services
Grievance redressal is a major aspect of citizen centric governance and is an important feature of the activities of the Income Tax Department
Mar 07, 2016, 17:38 PM IST
Confusion on EPF due to bad phrasing in Budget speech: Adhia
Union revenue secretary Hasmukh Adhia today defended the proposal to tax Employee's Provident Fund withdrawals, saying the intention was only to encourage investment in pension schemes, but the phrasing in the Budget speech caused the confusion.
Mar 05, 2016, 22:47 PM IST
GAAR: CBDT says no unfettered powers given to tax officers
CBDT has said the taxman has not been given any "unfettered" power and adequate safeguards have been deployed for regulating the provisions aimed to check tax evasion from overseas locations.
Mar 02, 2016, 21:52 PM IST
Tax demand on Vodafone, Cairn cannot be disputed: CBDT
CBDT Chairman Atulesh Jindal said "as long as" the retrospective amendment of the IT Act passed by Parliament remains valid, the "demand (of tax against them) remains valid."
Mar 01, 2016, 17:36 PM IST
Budget 2016: Tax incentives welcome, but more measures needed, say startups
The startup community reacted positively to the tax incentives announced in the Budget, but feels the government has not done enough to address their near-term concerns.
Feb 29, 2016, 18:32 PM IST
Tax reforms, ease of doing business: Arun Jaitley's 9 pillars to transform India
Finance Minister Arun Jaitley Monday listed 'nine pillars' including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India.
Feb 29, 2016, 11:53 AM IST
Union Budget 2016-17 to be presented today; Income tax exemption limit likely to be hiked
On the income tax front, the Budget 2016 may continue with the status quo on the tax slabs while it may tinker with the exemptions.
Feb 29, 2016, 08:36 AM IST
Refrain from raising income tax exemption limits: Survey
The Economic Survey Friday said the government should refrain from raising exemption limits on income tax to facilitate natural growth of individual earnings and widen the taxpayers base, even as it suggested widening of property tax.
Feb 26, 2016, 17:59 PM IST
Competitive tax rates needed to make India manufacturing hub: Arun Jaitley
India needs competitive tax rates to become an attractive manufacturing hub that will help create jobs and boost economic growth, Finance Minister Arun Jaitley said Wednesday.
Feb 24, 2016, 22:38 PM IST
Direct tax collection at Rs 5.47 lakh crore till Feb 13
Total collection from direct taxes stood at Rs 5.47 lakh crore as on February 13, which is 68.7 percent of the budget target for the fiscal.
Feb 22, 2016, 20:19 PM IST
Govt took decision in favour of Vodafone also: Ravi Shankar Prasad
Rejecting Vodafone's criticism over the Rs 14,200-crore tax notice, Telecom Minister Ravi Shankar Prasad today said in the past government had taken decision in the "favour" of the UK-based telecom giant also.
Feb 17, 2016, 23:04 PM IST
Budget 2016: Exempt REITs from DDT, stamp duty, says CBRE
Real Estate Investment Trusts should be exempted from the dividend distribution tax and stamp duties in the upcoming Union Budget so as to make them attractive to domestic and foreign investors, says property consultant CBRE.
Feb 17, 2016, 17:15 PM IST
India lightly taxed; help govt collect more: Sinha to CA
India is a "lightly taxed" nation, Minister of State for Finance Jayant Sinha said Thursday, urging CAs to help the government collect due taxes and raise the tax-GDP ratio to 20 percent.
Feb 11, 2016, 19:22 PM IST
I-T dept identifies up to 5,000 MNCs late on tax payments
Income Tax Department has identified 4,000-5,000 foreign companies based in this megapolis that are not paying taxes on time, including due to tax disputes, and expects to soon recover from them dues totalling nearly Rs 8,000 crore.
Feb 10, 2016, 22:31 PM IST
BSE seeks clarity on tax on convertible securities
Top bourse BSE has asked the government to provide clarity on whether securities transaction tax (STT) is applicable on convertible securities like preference shares and warrants.
Feb 10, 2016, 18:18 PM IST
Spurt in indirect tax mop up to help govt meet FY16 target
After two successive years of revising downward the tax revenue target, fiscal 2015-16 which ends on March 31 is likely to see tax revenue target of Rs 14.49 lakh crore being met.
Feb 10, 2016, 13:27 PM IST
LTCG tax concession for under construction property
Home Buyers might get a tax rebate from LTCG for their under construction property.
Feb 05, 2016, 10:13 AM IST
MNCs too responsible for tax rows, not only govt: Raghuram Rajan
Blaming multinational corporations squarely for tax controversies, Reserve Bank Governor Raghuram Rajan Thursday said their indulgence in avoidance and evasion results in prolonged legal battles.
Feb 04, 2016, 23:39 PM IST
Panel discussion on non-cooperation movement to curb corruption- Part III
The Nagpur bench of Bombay High Court expressed serious concern over the growing number of corruption cases and called on the citizens to launch a non-cooperation movement if the government fails t
Feb 03, 2016, 20:00 PM IST
Panel discussion on non-cooperation movement to curb corruption- Part II
The Nagpur bench of Bombay High Court expressed serious concern over the growing number of corruption cases and called on the citizens to launch a non-cooperation movement if the government fails t
Feb 03, 2016, 19:58 PM IST
