Last Updated: Wednesday, December 18, 2013, 22:27
Former Finance Minister Yashwant Sinha on Wednesday disagreed with his party`s former president Nitin Gadkari`s views on abolition of income and other taxes, saying it would amount to going back to Vedic days.
Last Updated: Sunday, December 15, 2013, 18:32
The Income Tax department has attached all assets of cash-strapped Kingfisher Airlines for failing to remit taxes amounting to Rs 350 crore, a senior official said Sunday.
Last Updated: Sunday, December 15, 2013, 12:46
Nokia and a string of multinational companies have come under the scanner of tax authorities of India. The companies have denied any wrong doing but tax authorities say they need to protect revenues.
Last Updated: Saturday, December 14, 2013, 13:55
Asserting its primary claim, the Income Tax Department has maintained that dues to it will have to be settled first by Vijay Mallya-led Kingfisher Airlines, in the wake of a lender consortium of banks laying claim to "Kingfisher House" in Mumbai to recover part of their loans.
Last Updated: Friday, December 13, 2013, 18:05
Moreover, the CAG added, in some cases "they did not fully utilised ... Proceeds for acquiring capital assets. The ITD allowed exemption irregularly in these assessments completed after scrutiny".
Last Updated: Thursday, December 12, 2013, 14:57
The Delhi High Court on Thursday accepted Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets in view of its USD 7.2 billion global deal with Microsoft.
Last Updated: Thursday, December 12, 2013, 11:42
The Delhi High Court will pronounce Thursday its verdict on Nokia's plea for a direction to Income Tax department for lifting of the stay on transfer of assets here in view of its USD 7.2 billion global deal with Microsoft.
Last Updated: Wednesday, December 11, 2013, 21:15
Last Updated: Wednesday, December 11, 2013, 21:06
BJP on Wednesday favoured abolition of income, sales and excise tax and the party may include it in its vision document to be unveiled ahead of General elections next year.
Last Updated: Monday, December 09, 2013, 20:50
Nokia Monday said that it has not been served with "any official claim" of the Income Tax (I-T) department that has told the Delhi High Court that the mobile company owes it Rs 21,153 crore as tax liability (existing and anticipated), including penalty.
Last Updated: Monday, December 09, 2013, 18:04
The Income Tax department has informed the Delhi High Court that Nokia India and Nokia Corporation owe it Rs 21,153 crore as total tax liability (existing and anticipated), including penalty during a seven-year period from 2006-2013.
Last Updated: Saturday, December 07, 2013, 00:06
While Nokia has offered to pay a minimum deposit of Rs 2,250 crore, out of the total tax liability of nearly Rs 6,500 crore, the I-T department has told the Court that the offer is not acceptable.
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