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Black money: IDS 'major success', will yield Rs 29,362 cr in taxes, says Arun Jaitley

Black money: IDS 'major success', will yield Rs 29,362 cr in taxes, says Arun Jaitley

Describing domestic black money declaration scheme IDS as a "major success", Finance Minister Arun Jaitley Friday said it will yield Rs 29,362 crore in taxes, which is three times the amount garnered by the then government in 1997 amnesty scheme, VDIS.

Pay utility bills, tax till Nov 11 using old Rs 500, Rs 1,000 currency notes

Pay utility bills, tax till Nov 11 using old Rs 500, Rs 1,000 currency notes

Giving some more relief to common man, the Centre today said old Rs. 500 and Rs. 1,000 notes can be used to pay utility bills, taxes, penalty and fees to central and state governments till midnight of November 11.

Govt gives declarants option to come up with undisclosed income through e-filing

Govt gives declarants option to come up with undisclosed income through e-filing

With just four weeks remaining for the black-money disclosure scheme to close, the government has given declarants an option to declare their undisclosed income through electronic filing rather than physical presentation of documents.

Govt should resist urge of control everything: Arun Jaitley

Govt should resist urge of control everything: Arun Jaitley

Government should resist the urge to control everything in a liberalised economy, Finance Minister Arun Jaitley said here on Sunday.

Good News! Now file tax returns at the click of mouse

Good News! Now file tax returns at the click of mouse

Apart from facilitating filings, some portals also suggest possible investment opportunities for the users to save on their tax liabilities.

'USD 100 for shaving beard: ISIS imposes new fines, taxes'

'USD 100 for shaving beard: ISIS imposes new fines, taxes'

In response to their worsening financial situation, the Islamic State in Iraq and Syria (ISIS) is continuing to increase taxes and fines throughout its territory and in some cases introducing new ones.

US Presidential polls: Donald Trump resists releasing taxes, taps climate change skeptic on energy

US Presidential polls: Donald Trump resists releasing taxes, taps climate change skeptic on energy

Trump has said there is nothing voters can learn from his tax filings.

Credit Suisse, HSBC dismiss "Panama Papers" tax avoidance allegations

Credit Suisse, HSBC dismiss "Panama Papers" tax avoidance allegations

Credit Suisse CEO Tidjane Thiam, who is aggressively targeting Asia`s wealthiest for growth, said his bank was only after lawful assets.

US announces additional measures to prevent corporate tax

US announces additional measures to prevent corporate tax

In view of the pharmaceutical giant Pfizer's plans to merge itself with Ireland-based Allergan, the US has announced imposition of additional measures to prevent corporate tax inversions.

Govt welcomes Panama leaks, says agencies will probe Indians in the list

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

GST rate will go up if Kejriwal keeps luxury item out of budget: Jaitley

GST rate will go up if Kejriwal keeps luxury item out of budget: Jaitley

Union Finance Minister Arun Jaitley on Monday said Delhi Chief Minister Arvind Kejriwal`s `zero tax` budget that aims to rationalise the Value Added Tax (VAT) structure and keep luxury items out of the proposed GST, will automatically lead to the standard rate of GST going .

China sets new online import tax rules

China sets new online import tax rules

China will change the tax rules on online retail goods from April 8 to level the playing field for e-commerce platforms and traditional retailers and importers, a media report said on Sunday.

Budget 2016: Arun Jaitley withdraws tax exemptions from host of services

Budget 2016: Arun Jaitley withdraws tax exemptions from host of services

Finance Minister Arun Jaitley Monday announced withdrawal of tax exemptions from a host of services including those provided by lawyers to other advocates, including on arbitral tribunals, even as he exempted financial regulators and others from service tax.

Black money: Govt gets Rs 17 crore tax and penalty till November 26

Black money: Govt gets Rs 17 crore tax and penalty till November 26

The government has collected Rs 16.69 crore as taxes and penalty till November 26 from those who have disclosed illegal wealth under the black money compliance window.

Black money: Upto Rs 15 lakh award for info against defaulters

The new guidelines have been issued by the CBDT keeping in mind the huge challenge of tackling black funds in the country and at the same time boosting the revenue kitty.

Revenue from taxes on diesel, petrol at Rs 75,441 cr in FY15

Revenue from taxes on diesel, petrol at Rs 75,441 cr in FY15

Government's revenue collection from taxes on petrol and diesel rose to Rs 75,441 crore in 2014-15, a rise of over 60 percent from 2012-13, Parliament was informed on Friday.

Banks reopen, taxes rise as Greece pays billions to creditors

Greece`s government hiked taxes and paid billions of euros to its creditors on Monday, as banks reopened just days after the debt-laden country reached a reforms-for-cash deal with its European partners.

Banks to reopen, taxes hiked as Greece prepares to reboot economy

Greek banks prepared to reopen Monday after a three-week shutdown, but capital controls remained largely in place while citizens also face widespread price hikes.

Truckers end strike in Telangana

The owners of lorries and other goods-carrying vehicles in Telangana on Thursday called off their strike following an assurance from the state government on their demands, including putting in place a single permit system in Telangana and Andhra Pradesh.

Greece's proposals target VAT, retirement, taxes: Reports

Greece`s latest proposals to reach a debt deal with its creditors are focused on VAT rates, early retirement measures and tax increases, which aim to cover a good part of the country`s budgetary gap, Greek press reported Monday.