Tax
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Govt panel for tax administration reform set up
Mar 29, 2014, 07:20 PM ISTNew Delhi: As part of bringing in more credibility among tax payers and to streamline income tax procedures, the Government has set up a Tax Administration Reform Commission comprising officials from public and private sector
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SBI pays Rs 1456 crore advance tax for March quarter
Mar 18, 2014, 05:58 PM ISTNew Delhi: The country's largest lender State Bank of India (SBI) today reported a flat advance tax payout for the March quarter at Rs. 1,456 crore.The lender, which controls nearly a fourth of the total
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India, US to intensify cooperation in tax evasion cases
Mar 03, 2014, 04:00 PM ISTNew Delhi: India and the United States have decided to enhance cooperation for automatic exchange of information on tax evasion and detection of financial crimes, shoring up efforts to crackdown on blackmoney cases involving economic
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Banks open on Saturday and Sunday for accepting advance tax
Sep 14, 2013, 04:07 PM ISTNew Delhi: Corporates can pay their first quarter advance tax today, tomorrow and on Monday at the designated bank branches, an official statement said. “All designated branches of authorised banks have been asked to function
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IIFCL seeks SEBI nod to mop up Rs 8,171 cr via tax-free bonds
Sep 11, 2013, 02:48 PM ISTMUMBAI: State-owned India Infrastructure Finance Company Ltd (IIFCL) has sought the market regulator SEBI's approval to raise up to Rs 8,171 crore through tax-free bonds.“Public issue by IIFCL tax-free, secured, redeemable, non-convertible bonds in the
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Health dept suggests increase tax on Tobacco
India | Aug 29, 2013, 07:01 PM ISTBhubaneswar: The Health and Family Welfare department of Government of Odisha has suggested for increase in tax on Tobacco expressing concern over the health hazards.Health and Family welfare (H&FW) department secretary in a letter to
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Bill to tax super-rich not taken up by Cabinet
India | Aug 22, 2013, 11:12 PM ISTNew Delhi: A proposal to tax the super-rich at a higher income tax rate of 35 per cent in the Direct Taxes Code (DTC) Bill was not taken up by the Cabinet today.While the Bill
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Australian PM changes carbon tax ahead of election
World | Jul 16, 2013, 10:41 AM ISTSydney, Jul 16: Australia's Prime Minister Kevin Rudd said on Tuesday a deeply unpopular carbon tax will be replaced by a less-severe emissions trading scheme a year ahead of schedule, in a bid to lower
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Mumbai wholesalers go on strike against tax
India | Jul 15, 2013, 12:55 PM ISTMumbai, Jul 15: Wholesale traders in Mumbai have launched a two—day strike to protest against the pending Local Body Tax (LBT) imbroglio, officials said here on Monday.The provocation for the strike is the government failing
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Sheen payed Lohan's tax outstanding?
Hollywood | Nov 26, 2012, 01:36 PM ISTLos Angeles, Nov 26: Actor Charlie Sheen showed off his generosity when he reportedly paid "Scary Movie 5" co-star Lindsay Lohan's tax bill worth 100,000 pounds.The actors became close friends after shooting for the movie
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President Mukherjee refuses to join debate on tax policies
Sep 09, 2012, 03:02 PM ISTTirupati, Sept 9 : President Pranab Mukherjee on Sunday refused to join the debate over changes sought to be made by the government in retrospective taxation policies and disapproved sentiments that indicate lack of confidence.
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Should lap dance be exempted from tax, NY court to decide
World | Sep 06, 2012, 05:54 PM ISTAlbany, New York, Sep 6: No one would confuse the Nite Moves strip club with the Bolshoi Ballet, but what the lap dancers do there is art and entitled to the same tax exemption other
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Govt, Vodafone Fight Intensifies
Apr 19, 2012, 04:34 PM ISTNew Delhi, Apr 19: The government today brushed aside the pressure being built by the global trade bodies in the Rs 11,000 crore Vodafone tax dispute case and asserted that the British telecom major cannot
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Direct, Indirect Tax Proposals In Pranab's Budget Speech
India | Mar 16, 2012, 01:05 PM ISTNew Delhi, Mar 16: Following are the direct, indirect tax proposals highlights in Finance Minister Pranab Mukherjee's budget speech in Parliament today:-- Income Tax Exemption Limit Raised From Rs 1.8 Lakh to Rs 2 Lakh,
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Revenue Dept Attaches Jet's IATA Account For Non-Payment Of Tax
Mar 12, 2012, 05:48 PM ISTNew Delhi, Mar 12: The Revenue Department today attached Jet Airways' accounts, maintained by global airlines' body IATA, for non-payment of service tax dues to the tune of Rs 69 crore.“We have frozen the IATA
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Indian Oil Refiners Want Exemption From Withholding Tax For Rupee Payments To Iran
Feb 10, 2012, 02:52 PM ISTNew Delhi, Feb 10 : Indian oil refiners want exemption from payment of withholding tax to start using a newly agreed mechanism of paying in rupee for the crude oil they buy from the Persian
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Supreme Court Cancels Tax Evader Hasan Ali's Bail
India | Sep 30, 2011, 11:59 AM ISTNew Delhi, Sep 30: In a setback to Pune-based stud farm owner Hasan Ali Khan, the Supreme Court today quashed the bail granted to him by the Bombay High Court in a money laundering case.A
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Congress Activists Stage Protests Against Delhi Toll Tax
India | May 17, 2011, 05:14 PM ISTNew Delhi, May 17: It was Congress' turn to pay back the BJP in the same coin on Tuesday.While BJP activists had created traffic snarls at 14 places on Monday while staging protests against petrol
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Pay Tax Or Face Property Attachment, Auction: MCD
India | Mar 27, 2011, 06:46 PM ISTNew Delhi, Mar 27: Desperate to increase collection of house tax, the main source of its revenue, the MCD has warned defaulters that they may face prosecution and property attachment if they do not clear