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ITC may not qualify for Kolkata LTU facility ITC may not qualify for Kolkata LTU facility Cigarette to diversified conglomerate, ITC Ltd, may not qualify for entry into the proposed Large Taxpayers Unit (LTU) here for association with tobacco.
Mumbai traders' strike continues for second day Mumbai traders' strike continues for second day Banking activities here remained paralysed and most businesses were shut too Tuesday, day two of the indefinite strike called by over 1.5 million traders and manufacturers to protest the Maharashtra's government's local body tax (LBT) in lieu of octroi.
Revised auto-rickshaw, taxi fares in Delhi from today Revised auto-rickshaw, taxi fares in Delhi from today The base fare for autos has been raised from Rs 19 for the first two kilometres to Rs 25 while for every subsequent km travellers will have to pay Rs 8.
Govt will step up efforts to bring more people into tax net: FM Govt will step up efforts to bring more people into tax net: FM In a strong message to tax evaders, the government on Thursday said that it will step up efforts to bring more people into net and also endeavour to recover tax arrears.
Auto, taxi fares hiked by upto 30% in Delhi Auto, taxi fares hiked by upto 30% in Delhi According to the government decision taken Wednesday, a commuter taking an auto will have to pay Rs 25 instead of the existing Rs 20 for the first two kilometres.
ICICI prudential gets over Rs 130 cr tax notice ICICI prudential gets over Rs 130 cr tax notice The Finance Ministry has asked private sector insurer ICICI Prudential to cough up over Rs 130 crore for alleged evasion through non-payment of service tax.
TRC to be accepted as residency proof: FM to foreign investors TRC to be accepted as residency proof: FM to foreign investors Easing norms for investments through countries like Mauritius and Cyprus, Finance Minister P Chidambaram Tuesday said the tax residency certificate (TRC) issued by a foreign government will be accepted as proof of residency for availing benefits under tax treaties.
I-T Dept's information utilisation deficient, says CAG I-T Dept's information utilisation deficient, says CAG There are deficiencies in the Income Tax Department's utilisation of information related to taxation and sometimes available details are either inadequate or incorrect, says a report by official auditor CAG.
I-T returns may require disclosure of all assets I-T returns may require disclosure of all assets In a bid to counter tax evasion, the Finance Ministry is contemplating making it mandatory for individuals and Hindu Undivided Families (HUFs) to report Indian assets and liabilities in income-tax (I-T) return forms.
No wealth tax on farm land: Finance Minister No wealth tax on farm land: Finance Minister Finance Minister P Chidambaram Tuesday ruled out levying wealth tax on agriculture land and roll back of the duty hike on SUVs but relaxed residency norms for investors from countries like Mauritius for the purpose of tax benefit.
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