Washington, May 22
Amidst allegations that Apple is evading US taxes through overseas shell companies, the White House said this raises the broader question of American companies that ship profits and jobs overseas,...
Port Louis, May 21
Warning tax ‘crooks’ of stern action if they try to operate from its soil, Mauritius has promised full support to India in bringing to book any entity trying to indulge in money laundering or roun...
New Delhi, May 20
India’s booming futures trade in commodities is likely to be tested soon, when the Government puts the proposed Commodities Transaction Tax (CTT) into effect. CTT will be levied on gold, silver and other non-agricultural commodities traded through commodities exchanges, once the Finance Ministry formally notifies the tax. »
New Delhi, May 19
The Central Board of Direct Taxes (CBDT) has come out with a comprehensive guidance note with frequently asked questions on advance pricing agreements (APAs).
This will be...
May 18, 2013
Previously I was using ITR-4S, but in FY 2012-13, I have capital gains for which there is no column in ITR-4S. Which form should I use to show both presumptive income and capital gains?<...
Washington, May 17
US President Barack Obama appointed an acting commissioner on Thursday to head the tax-collecting Internal Revenue Service after the previous chief was asked to resign over allegations of improper...
New Delhi, May 14
The Government has initiated moves for a conciliatory out-of-court settlement with British telecom major Vodafone over the Rs 11,000 crore tax dispute with Attorney General G E Vahanvati favouring...
Coimbatore, May 13
The public can henceforth remit their property and water tax dues to the Coimbatore Corporation at any of the seven branches of City Union Bank located in the East and North zones of this city.
New Delhi, May 22
The Union Cabinet is likely to approve the restructuring of the Income-Tax Department at its meeting scheduled tomorrow. The plan entails recruitment of around 19,000 tax officials across the coun...
New Delhi, May 21
But Vodafone says unsure of reaching ‘acceptable resolution’ »
Washington, May 21
Apple, the top US computer and smart phone manufacturer, used a complex web of offshore entities to avoid billions in taxes, a Senate panel has alleged.The electronics giant’s rootless subs...
Chennai, May 20
Tamil Nadu’s revenue from stamp duty and registration jumped 60 per cent in April 2013, according to an official press release.
Registration Department has reported a revenue of Rs 722.06...
New Delhi, May 19
Stepping up efforts to tackle tax evasion, the 45—nation grouping on tax administration, which includes India, has agreed to share among themselves information received by member countries from “o...
Port Louis, May 17
Facing allegations of being a route for round-tripping of funds and money laundering by Indian entities, Mauritius says it is fully committed to remain a credible financial centre and there has be...
Washington, May 16
An angry President Barack Obama has sacked the acting head of the US Internal Revenue Service over a fast moving scandal sparked when officials unfairly targeted conservative groups.
Mumbai, May 13
The Maharashtra Government is set to invoke harsh laws such as the Essential Services Maintenance Act and some sections of the Shops and Establishment Act against traders and shopkeepers who are o...
May 12, 2013
While it has simplified the provisions by doing away with TRC in prescribed format, the Government has still left a leeway, which gives it the upper hand in maintaining the status quo.