Mumbai, November 19
The Indian Paper Manufacturers Association has sought import duty waiver on wood logs and chips to meet the domestic shortfall. The customs duty on these products works out to 9.4 per cent,...
New Delhi, November 17
Says high rate of tax detrimental to the sector
November 16, 2014
My wife has no income of her own. In 2008, I transferred about ₹10 lakh to her bank account. A demat account was opened in her name and trading was carried out. Wit...
Aizawl, Nov 14
Mizoram government is mulling levying tax on commodities purchased online, state Finance Minister Lalsawta said in the Assembly today.
Speaking during the question hour, Lalsawta said, “T...
United Nations, Nov 13
To help in its efforts to crack down on suspected black money stashed abroad, India has entered into an information exchange pact with Saint Kitts and Nevis, a two-island Caribbean country, percei...
November 10, 2014
Your editorial, “Deferred distress” (November 10) is timely, but banks have no other choice but to restructure bad loans to prune their balance sheet since, from 2015 this leverage will not be ava...
New Delhi, Nov 9
Hinting that amendments to the Goods and Services Tax (GST) may be introduced in the ensuing Winter session of Parliament, Finance Minister Arun Jaitley today said that the government was in the f...
New Delhi, November 6
India has circulated a paper on the issue of taxation of global companies, an issue which will be raised at the forthcoming G-20 meeting in Brisbane later this month.Briefing newsper...
Bangalore, November 21
Body Chairman says beverages should be taxed based on alcoholic content »
New Delhi, November 18
Deletes transfer pricing adjustments worth $3 billion »
New Delhi, Nov 17
The Centre has agreed to include compensation to be paid to states for GST rollout as part of the Constitutional Amendment Bill.“The compensation structure would form part of the Bill. I...
Brisbane, Nov 16
As India makes attempts to recover black money from abroad, Prime Minister Narendra Modi today asked every country, especially tax havens, to provide information for tax purposes in accordance wit...
Kolkata, Nov 14
A new book, ‘How to Handle Income Tax Problems’, authored by Narayan Jain, tax advocate, and Dilip Loyalka, a Chartered Accountant, has been formally released. The book handles comp...
New Delhi, November 12
Indirect tax revenues registered a growth of 5.6 per cent for the first seven months of the current fiscal. This is much lower than the budgeted target of 25.8 per cent. Indirect tax com...
Thiruvananthapuram, November 9
A tax expert wishes that the Department of Revenue would allow a decision of the Bombay High Court to prevail in the Vodafone India transfer pricing litigation, and not escalate it to the S...
THIRUVANANTHAPURAM, NOV. 7
Tax experts wish that the Department of Revenue would allow a decision of the Bombay High Court to prevail in the Vodafone India transfer pricing litigation, and not escalate it to the Supreme Cou...
November 6, 2014
Far too many levies to ‘Make in India’