Tax
-
Instill fear of jail and social censure in tax evaders: CBDT
India | Jun 07, 2015, 11:00 AM ISTNew Delhi: Taxman should instill the fear of “incarceration, loss of liberty and social opprobrium” in tax evaders and prosecute them in large numbers to create a credible deterrence against the menace of black money,
-
Hearing on Smriti Irani case today; 9 other major events of the day
India | Jun 01, 2015, 10:03 AM ISTHearing on Smriti Irani case todayNew Delhi: A court fixed June 1 to hear a complaint against Smriti Irani, Human Resource Development Minister for allegedly misrepresenting facts in her election affidavit while imposing a cost
-
Education cess ineffective from today
India | Jun 01, 2015, 07:17 AM ISTNew Delhi: The currently levied education cess and secondary and higher education cess would become ineffective from today as they would be subsumed in the service tax rate of 14 percent notified by the Central
-
Rs 2 lakh penalty for not answering tax authorities queries
India | May 31, 2015, 01:06 PM ISTNew Delhi: Failure to answer questions from the tax department can entail a penalty of up to Rs two lakh from the next financial year under the new black money law, which has got the
-
LPG subsidy: Make choice opting in, not opting out
Apr 27, 2015, 11:14 AM ISTNew Delhi: It was believed that Finance Minister Arun Jaitley would withdraw the LPG (liquefied petroleum gas) subsidy for those who fall in the 30-percent tax bracket. However, this budget included no such measure. Thereafter,
-
Pay Rs 33.12 crore as tax dues within 15 days: Govt to SITI Cable
India | Apr 08, 2015, 08:41 AM ISTNew Delhi: The Siti Cable Network Ltd has denied the allegation of tax evasion by Delhi government and claimed that they have not received any official communication from the Entertainment Tax Department regarding outstanding payments.The
-
100 foreign funds get tax demands; total bill may hit $10-bn
Apr 05, 2015, 03:13 PM ISTNew Delhi/Mumbai: In the biggest-ever tax demand slapped on them, nearly 100 foreign funds have been asked to cough up an estimated USD 5-6 billion for ‘untaxed gains' made by them in the Indian markets
-
Indirect tax collection exceeds target by Rs 4,000 crore
Apr 02, 2015, 04:19 PM ISTNew Delhi: The collection of indirect taxes has surpassed the revised estimates by Rs 4,000 crore to reach Rs 5.46 lakh crore for the fiscal ended March 2015, despite a slowdown in the manufacturing sector.The
-
Black money: Income Tax shifts focus to criminal consequences
India | Feb 12, 2015, 02:50 PM ISTNew Delhi: At a time when unaccounted wealth of Indians stashed away in foreign banks is under focus, the income tax department has shifted its attention from civil consequences to criminal consequences in serious cases
-
Bihar withdraws tax concession on diesel
India | Jan 13, 2015, 07:56 PM ISTPatna: The Bihar government today withdrew two per cent tax concession on diesel in the state to perk up its coffers, making the fuel dearer by over Rs 3 per litre in the state.The state-imposed
-
AIADMK chief Jaya discharged from 18-year old tax case
National | Jan 08, 2015, 06:14 PM ISTChennai: In a relief to AIADMK supremo Jayalalithaa, a court here today discharged her from an 18-year old income tax return case, allowing withdrawal of prosecution by the I-T department consequent to acceptance of her
-
PK to go tax-free in West Bengal now?
Bollywood | Jan 04, 2015, 02:31 PM ISTKolkata: A cultural organization here Saturday pressed for making Aamir Khan-starrer "PK" tax-free in West Bengal."'PK; has been exempted from tax in Bihar and Uttar Pradesh despite continued protests by right-wing Hindu organisations that claim
-
15 women booked after protest over tax exemption to 'PK'
Bollywood | Jan 03, 2015, 01:28 PM ISTSambhal: An FIR has been lodged against 15 women, including BJP workers, who allegedly staged a protest against Uttar Pradesh Chief Minister for exempting PK from entertainment tax, police said here today.An FIR has been
-
Jaitley announces some concessions, tax on MF applied from July 10
Jul 25, 2014, 07:25 PM ISTNew Delhi: The government today announced some concessions for mutual fund industry and income tax payers, while comitting to low tax regime to promote industrial activity to generate jobs and create more resources to undertake
-
Vodafone facing tax liability of over Rs 27,000 crore in India
Jun 17, 2014, 03:43 PM ISTNew Delhi: Vodafone is facing tax claims and interest totaling more than Rs. 27,000 crore in India, including Rs. 14,200 crore for the acquisition of Hutchison, the UK-based telecom major said in its annual report. Vodafone
-
India Inc seeks conducive tax environment, bold reforms
Jun 06, 2014, 08:14 PM ISTNew Delhi: India Inc in its first meeting with Finance Minister Arun Jaitley today pitched for a conducive tax environment and bold statement of economic reforms in the forthcoming Budget with a view to revive
-
Mauritius to share tax info automatically with India
May 27, 2014, 05:46 PM ISTNew Delhi: Mauritius PM Navin Ramgoolam today said the country has decided to provide automatic exchange of tax information with India.On fears of money-laundering through Mauritius, he said: “We will not allow anybody to abuse
-
Sebi asks FinMin to consider tax sops for mutual funds
May 18, 2014, 09:47 PM ISTNew Delhi: In a bid to boost the mutual fund industry, market regulator Sebi has requested the Finance Ministry to consider various tax sops and other measures for investors and a final decision in this
-
Coaching director arrested for service tax evasion
Apr 03, 2014, 05:15 PM ISTIndore: The Central Excise, Customs and Service tax department has arrested the director of a coaching institute here for alleged evasion of service tax. Dr Pankaj Gupta, the director of popular coaching institute ‘Brain Master'
-
I-T asks e-filers of tax returns to send ITRV by speed post
Mar 30, 2014, 09:25 PM ISTNew Delhi: If you are filing online your Income Tax return, the paper copy of the ‘ITRV' should only be sent through “speed post” to the Central Processing Centre (CPC) of the department in Bengaluru.ITRV