• Current Issue
    Issue Dated Sep 7 2015
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  • Current Issue
    Issue Dated Sep 7 2015
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Amid moves to call a special session of Parliament for passage of Goods and Services Tax Bill, Government on Tuesday reached out to Congress but the opposition party remained non-committal on its
Singapore-based wealth managers, already under pressure from a global move towards tax information sharing, face a more immediate threat as Asian countries including Indonesia and India look to c
India's fiscal deficit during April-June touched 2.87 trillion rupees ($44.86 billion) or 51.6 percent of the target for the 2015/16 fiscal year ending in March 2016, government data showed on Fr
The government has clarified that "service charge" collected by certain restaurants and hotels is not "service tax", which is levied at a rate of 5.6 per cent on the total bill.
India and Thailand on Monday signed a number of important agreements, including the double taxation avoidance treaty, and exchanged instruments of ratification on the extradition treaty inked in
A new "smart and intelligent" database is being set up in the Income Tax department to help check tax evasion, a "menace" that is "spoiling" compliance culture, a top CBDT official said on Tuesda
It is called the Halloween Indicator — sell in May and go away. This theory points to the fact that November to April are the best months in terms of stock market fund flows.
Bowing to popular demand, the Narendra Modi-led National Democratic Alliance (NDA) government has dropped the controversial provisions of mandatory disclosure of foreign travel and dormant bank a
People will have to shell out more from while using mobiles, eating out and travelling as the service tax rate goes up to 14 per cent.  
Addressing the first of many press conferences to mark Prime Minister Narendra Modi's first year in power, Finance Minister Arun Jaitley rated the Modi-led government's one-year performance as mo
The government said on Sunday it managed to better its target for containing the fiscal and revenue deficits in the last financial year.  
Congress has held NDA's "tax terrorism" under Finance Minister Arun Jaitley responsible for the free-fall of stock market, flight of foreign capital, and weakening of the rupee.
The government is working towards fixing the problems of delay in tax refunds faced by many taxpayers arising on account of various reasons.
The Finance Ministry has clarified that LPG subsidy received by individuals in their bank accounts will continue to be exempt from income tax.  
Tax authorities have issued a fresh notice to Vodafone Group Plc seeking re-assessment of tax returns for assessment year 2009-2010, a news channel reported on Saturday citing sources familiar wi
Promising a 'modern tax system' with low and globally competitive rates, Indian Finance Minister Arun Jaitley has assured foreign investors against any retrospective action and said taxpayers wil
The rupee's stability reflects the strength of the Indian economy and the currency should be able to withstand possible international events such as a rate hike by the US Federal Reserve, Indian
Finance Minister Arun Jaitley has said the government will press ahead with Rs 40,000 crore tax demand on foreign institutional investors as FIIs lost a case against levy of tax on capital gains
Prime Minister Narendra Modi on Sunday night promised a welcoming business environment to foreign investors with a "predictable, stable and competitive" tax regime in India.  
Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a $3.3 billion tax demand from Indian authorities related to its listing in
Nearly 100 foreign funds have been asked to cough up an estimated $5-6 billion for "untaxed gains" made by them in the Indian markets over the past years in the biggest such tax demand in the cou
The NDA government's first full budget speaks for the poor and acts for corporates.
The Indian cabinet approved a bill on Tuesday that would introduce a 10-year jail term for people convicted of illicitly stashing wealth abroad, a senior official said.  
Britain's foreign minister raised concerns in India on Thursday about a $1.6 billion retrospective tax bill charged to oil explorer Cairn Energy, and had been reassured there are no other such ca

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