Tax
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GST about to happen; retro tax thing of past: PM Modi
Apr 03, 2016, 03:57 PM ISTRiyadh: Promising easier business environment for global investors, Prime Minister Narendra Modi today said retrospective taxation has been relegated to history, but he is “not able to do anything” on two pending cases from the
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FICCI lauds decision to review EPF tax proposals
Mar 06, 2016, 07:23 PM ISTNew Delhi: Expressing its dismay over the union budget 2016-17 proposal to tax withdrawals from the Employees' Provident Fund (EPF) contributions, industry chamber FICCI today said it was, nevertheless, encouraged by the reports that Finance
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Facing flak, government says will reconsider tax on EPF withdrawals
Mar 02, 2016, 08:04 AM ISTNew Delhi: Under all-round attack following its Budget proposal to tax 60 per cent of withdrawals from provident fund and a ceiling on employers contribution, the government today promised to consider demands for a rollback of
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Nitish Kumar government to impose 13.5pc tax on luxury items
National | Jan 12, 2016, 10:34 PM ISTPatna: The Nitish Kumar government today decided to impose 13.5 per cent tax on luxury items including on sweets priced more than Rs 500 a kg and mosquito repellant among others to mop up additional
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Tax appeal before Commissioners must be e-filed: CBDT
Dec 30, 2015, 06:19 PM ISTNew Delhi: Aiming to reduce the compliance burden, revenue department today said appeals before Income Tax Commissioner should be filed in electronic format by those assessees who e-file their returns.Electronic filing of appeals along with
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I-T orders better monitoring of email-based complaints by taxpayers
Oct 28, 2015, 01:35 PM ISTNew Delhi: In yet another directive aimed at enhancing taxpayer services, the Income Tax department has asked its customer care centres to effectively monitor email-based complaints of assesses and diligently send them to tax officers.The
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2-3 legacy tax cases to be put to sleep in couple of months: Arun Jaitley
Sep 19, 2015, 12:02 AM ISTSingapore: Finance Minister Arun Jaitley on Friday said only about 2-3 legacy tax issues are left which he hoped will be "put to sleep" over the next couple of months."The entire emphasis on the taxation
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Indirect tax collection growth shows economy improving: CEA Arvind Subramanian
Aug 12, 2015, 12:17 PM ISTNew Delhi: The Finance Ministry today said a steady 37 per cent growth in indirect tax collections in four months to July reflects that underlying momentum in the economy is improving.“These collections indicate that the
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HDFC Bank net up in first quarter
Jul 21, 2015, 04:53 PM ISTChennai: HDFC Bank on Tuesday said it closed the first quarter of the current fiscal with 20.7 percent growth in its net profit.In a statement here, the bank said its after tax profit for the quarter
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Global tax regime must protect developing nations: India
Jul 18, 2015, 05:55 PM ISTAddis Ababa: India has pitched for a global tax regime built into the UN process, rather than being looked at from the point of view of rich countries, in a bid to curb illegal financial
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Watching movies, television to be dearer from Monday in Delhi
India | Jul 16, 2015, 11:25 PM ISTNew Delhi: Watching movies and television will be dearer in the national capital from Monday with the Aam Aadmi Party government issuing a notification of an increase in entertainment tax.The proposal to increase entertainment tax
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Finance Ministry asks taxpayers to e-file Income Tax returns early
Jul 02, 2015, 07:09 AM ISTNew Delhi: The Finance Ministry on Wednesday asked taxpayers to file their I-T returns for 2015-16 early to avoid the rush towards the last date of August 31.The tax department, yesterday, made fully operational its
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Congress to press for five changes in GST Bill
National | Jun 30, 2015, 10:13 PM ISTNew Delhi: Congress has decided to press for five changes in the Goods and Services Tax (GST) Bill, which the Centre proposes to roll out from April 2016. Sources in Congress said that the party will press
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Use online tax calculator to file ITR for AY 2015-16
Jun 28, 2015, 11:29 AM ISTNew Delhi: With the new Income Tax Return (ITR) forms being recently notified for assessment year 2015-16, filers can do an easy check of their annual tax liability on a new computer-based ‘calculator' launched by
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Government notifies new and simplified income tax return forms
India | Jun 23, 2015, 11:16 PM ISTNew Delhi: The Income Tax department has notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16.With the finance ministry publishing the gazette
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Government proposes Tax benefits for debit, credit card payments
Jun 22, 2015, 09:12 PM ISTNew Delhi: The Government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic
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Government does not intend to legislate retrospectively: Arun Jaitley
Jun 21, 2015, 01:08 PM ISTWashington: Terming the controversial retrospective taxation regime a "legacy issue", Finance Minister Arun Jaitley has assured US investors that the government does not intend to legislate retrospectively and is looking to put a "quietus" to
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Govt asks top taxmen to ideate for widening tax base
Jun 14, 2015, 02:24 PM ISTNew Delhi: As part of its effort to widen the existing tax base, government has asked top Income Tax department officers to individually contribute at least three innovative ideas in this regard.A senior official said
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Tax payers have a right to know quality of judges: Govt to Supreme Court
India | Jun 12, 2015, 10:45 PM ISTNew Delhi: The government Friday told the Supreme Court that the tax payers had a right to know the quality of judges appointed to the higher judiciary, as it once again rubbed the collegium system
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Tax department conducts searches at Chettinad Group
Jun 10, 2015, 12:20 PM ISTChennai: A 450-member team of the Income Tax Department is conducting searches at offices of the Chettinad Group of companies in Tamil Nadu, Andhra Pradesh and Maharashtra, officials said on Wednesday.The searches are on at