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PM Modi assures middle class of an end to tax terrorism

PM Modi assures middle class of an end to tax terrorism

"Middle class, upper middle class used to be hassled with I-T officers, more than police. I have to change this situation, I am working on it and will make the change happen," Modi said in his Independence Day address.

CBDT eases taxation norms for bonds, debentures held by companies

Seeking to simplify the procedure and promote ease of doing business, CBDT has said capital gains tax will be computed from the date of acquisition of financial instruments like bonds and debentures and not from the date of their conversion into shares.

Arun Jaitley’s Union Budget 2016-17: Five Takeaways

Possibly too keenly aware of the BJP being seen as corporate friendly and, possibly, deriving lessons from the Bihar drubbing, the government has most conspicuously given an agri and rural push.

How the Govt plans Simplification and Rationalization of Taxation

How the Govt plans Simplification and Rationalization of Taxation

In order to reduce multiplicity of taxes, associated cascading and to reduce cost of collection, abolition 13 cesses, levied by various Ministries in which revenue collection is less than Rs.50 crore in a year, is proposed.

Make in India Week: PM Narendra Modi promises stable tax regime, more reforms

Make in India Week: PM Narendra Modi promises stable tax regime, more reforms

Modi said that India is probably the most open country for Foreign Direct Investment (FDI), which has increased by 48 percent since the BJP government came to power in May 2014.

 

IT Dept processes 3.27 cr returns during April-December

IT Dept processes 3.27 cr returns during April-December

Income Tax Department has processed 3.27 crore returns and has issued refunds in 1.81 crore cases.

Retrospective tax law hurt India, scared away investors: FM Jaitley

Retrospective tax law hurt India, scared away investors: FM Jaitley

Retrospective tax law has hurt the country as it scared away the investors, Finance Minister Arun Jaitley Saturday said and stressed on the need for maintaining the standards of fairness in taxation.

Scrutiny notice to seek specific details from taxpayers: CBDT

CBDT has asked its field offices to make sure the assessment notice should contain details of specific information or documents to be furnished by the assessee.

Housing prices down 15-20%; no scope for further cut: CREDAI

Housing prices have fallen by an average 15-20 percent across the country in last 18 months and there is no scope for further reduction, realtors' apex body CREDAI said on Wednesday.

'Ease of doing biz issues to affect US investments to India'

Problems related to ease of doing business such as taxation, regulatory burdens and legal issues can deter American investors from investing in India, US Ambassador Richard Verma said Thursday even as he hoped that the USD 500 billion bilateral trade target would be achieved.

Antim Baazi: Chances of passing the GST Bill

As the Parliamentary Winter session has commenced the topic of GST Bill will be discussed in the assembly soon. So check out this segment to know more.

Govt extends tenure of Lahiri Panel by 1 year

Government has extended by one year the tenure of a high level committee set up under former Chief Economic Advisor Ashok Lahiri to suggest steps to sort out taxation problem being faced by the trade and industry.

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley

Rational personal taxes, flat 25% corporate tax in 4 years: FM Jaitley
 

OECD unveils final standards for international tax reforms

OECD unveils final standards for international tax reforms

With artificial profit shifting causing an estimated USD 240 billion annual loss, Paris-based OECD Monday came out with the final detailed action plan for coherent and transparent international taxation norms for multinationals.

2-3 legacy tax cases to be put to sleep in couple of months: FM Jaitley

Finance Minister Arun Jaitley tonight said only about 2-3 legacy tax issues are left which he hoped will be "put to sleep" over the next couple of months.

India plans to address some pending tax disputes within days: Jaitley

India plans to address some pending tax disputes within days: Jaitley

India plans to address some pending tax disputes in the next few days, Finance Minister Arun Jaitley said on Thursday, but did not give details or say whether the cases in question included disputes with foreign companies that have spooked investors.

Greeks spend their locked-away euros

Use it or lose it: that`s the plan for many Greeks, who have been going on a credit card-fuelled spending spree as the economy has tanked out of fears their cash could be confiscated or devalued.

Shah panel holds meeting with Tax Dept

Shah panel holds meeting with Tax Dept

The high-level Justice A P Shah panel, set up to look into the levy of MAT on FIIs today held consultations with officials of the tax department.

CBEC to popularise Settlement Commission for resolving tax disputes

CBEC to popularise Settlement Commission for resolving tax disputes

The Central Board of Excise and Customs (CBEC) has asked its officials to encourage assessees facing notices to get tax disputes expeditiously resolved through the Settlement Commission mechanism.

ISIS rakes in '$1 million per day' in extortion, taxation: Report

ISIS rakes in '$1 million per day' in extortion, taxation: Report

The Islamic State rakes in over USD 1 million per day in extortion and taxation and the dreaded terror group has enough assets to cover its expenses despite falling oil prices, according to a media report.