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
Govt should abstain from increasing tax exemption limit: Report
The government should refrain from frequently raising the tax exemption threshold to avoid erosion in the number of taxpayers and also needs to adopt measures to move towards a cash-less regime, says a report.
Oct 27, 2015, 23:13 PM IST
Greece sacks tax chief during EU-IMF audit
"The cabinet has unanimously approved the finance minister's recommendation that general secretary for public revenue (Katerina) Savvaidou be removed from her duties," government spokeswoman Olga Gerovassili said.
Oct 22, 2015, 19:38 PM IST
Services of banking correspondents under PMJDY out of tax loop
The government has exempted from tax the services of a banking correspondent for opening savings account under Jan Dhan Yojana, in a move aimed at promoting financial inclusion.
Oct 22, 2015, 14:59 PM IST
EU demands Starbucks, Fiat pay back millions in tax breaks
The European Union is demanding that US coffee chain Starbucks and carmaker Fiat repay up to 30 million euros (USD 34 million) each in tax breaks they received from EU nations, in a major ruling to cut down on sweet tax deals multinationals often shop for.
Oct 21, 2015, 18:40 PM IST
Domestic investors, MFs pitch for easier taxation, uniform KYC
Rationalisation of tax rules and introduction of uniform KYC were some of the steps which were suggested by the domestic financial institutions (FIs) to promote ease of doing business and encourage retail participation in the securities market.
Oct 21, 2015, 16:57 PM IST
Govt to track tax robberies through digital platform
The government of India is planning to track and monitor tax robberies through a digital software called Income Tax Business Application - Permanent Account Number.
Oct 19, 2015, 09:35 AM IST
FM Jaitley pledges a friendly tax regime, 25% corporate tax
Taking a dig at the previous UPA administration for bringing in the retro tax, Jaitley said this had resulted in many disputes which gave the country "a bad name" among global investors who chose to leave the country.
Oct 17, 2015, 21:33 PM IST
Arbitration not best way to settle tax disputes: CBDT chief
Arbitration is not the best way to resolve tax disputes, CBDT Chairperson Anita Kapur said , stressing that the Indian legal system is fair enough to deal with taxation issues.
Oct 13, 2015, 16:19 PM IST
Antim Baazi: Bombay High Court's Big Decision on Vodafone
Bombay High court has given their final verdict on Vodafone case where they have favoured the side of Vodafone.The case was about 3700 crore tax that was asked between 2008-2009.
Oct 08, 2015, 18:48 PM IST
Transfer pricing case: Bombay HC rules in favour of Vodafone, sets aside ITAT order
Transfer pricing involves related entities dealing at arm's length to ensure fair pricing of the asset that is transferred.
Oct 08, 2015, 17:37 PM IST
Income tax department employees to hold strike today
The associations said if their demands for timely promotion in cadres and providing required infrastructure is not met, the work of budget collection and taxpayer services are "bound to fail" in the coming days.
Oct 08, 2015, 08:56 AM IST
Govt may seek special dividend from top PSUs to meet tax deficit
Companies like Coal India Ltd, NTPC, ONGC, GAIL, IOC etc may be asked to pay special dividend if government decides so.
Oct 07, 2015, 22:10 PM IST
Vedanta urges Centre for reasonable tax regime
Mining firm Vedanta Wednesday urged the government for a reasonable taxation regime, saying that iron ore mining companies shell out as high as 45 percent in taxes.
Oct 07, 2015, 21:43 PM IST
OECD unveils final standards for international tax reforms
With artificial profit shifting causing an estimated USD 240 billion annual loss, Paris-based OECD Monday came out with the final detailed action plan for coherent and transparent international taxation norms for multinationals.
Oct 05, 2015, 21:08 PM IST
GDP to exceed 7.5%, taxes to fall short of target by Rs 50,000 cr: Govt
Government Monday said revenue collection will fall short by Rs 50,000 crore but expressed confidence that economic growth will exceed 7.5 percent, with fiscal deficit remaining within the budgeted target.
Oct 05, 2015, 17:25 PM IST
Tax department's cash detection ability being strengthened: Arun Jaitley
Tax department's ability to detect large cash transactions is being strengthened to check the menace of black money as bulk of it remains within India, Finance Minister Arun Jaitley said on Sunday.
Oct 04, 2015, 15:26 PM IST
Those did not take advantage of black money compliance window will regret: Das
Only 638 declarations for a total overseas wealth totalling Rs 3,770 crore were made during the 90-day compliance window under the Black money (undisclosed foreign income and assets) and Imposition of Tax Act, 2015.
Oct 02, 2015, 09:29 AM IST
Will now take action against foreign black money holders: Govt
A total of 638 people used the window, declaring an amount of Rs 3,770 crore.
Oct 01, 2015, 16:06 PM IST
Income Tax returns filing deadline extended to October 31
The government on Thursday extended the last date of filing of audit report and the return of income for the Assessment Year 2015-16 to October 31.
Oct 01, 2015, 12:42 PM IST
