Last Updated: Tuesday, November 26, 2013, 15:20
Tax rates for companies in India are among the highest in the world and the number of payments is also more than the global average, putting the country at a low 158th rank on the 'Paying Taxes 2014' list.
Last Updated: Tuesday, October 01, 2013, 09:27
Google, which has been grilled twice in the past year by a UK parliamentary committee over its tax practices, had a UK tax bill of 35 million pounds (USD 55 million) in 2012, on sales of US D4.9 billion to British customers, its accounts showed.
Last Updated: Sunday, September 15, 2013, 08:14
The Reserve Bank has designated bank branches of State Bank of India, public sector bank branches, HDFC Bank, ICICI Bank, Axis Bank, IDBI Bank and Kotak Mahindra Bank to collect advance tax payments.
Last Updated: Friday, September 13, 2013, 21:28
Reserve Bank Friday said bank branches would work full time this Saturday and Sunday to facilitate receipt of advance tax challans for income tax and corporate tax from the public.
Last Updated: Tuesday, August 13, 2013, 10:16
A decision on whether or not to raise sales tax is due in September or October.
Last Updated: Tuesday, August 13, 2013, 08:36
Abe is trying to spur growth and pull the world's third-largest economy out of 15 years of deflation with fiscal and monetary expansionary policies.
Last Updated: Sunday, June 23, 2013, 17:54
Government is considering making it mandatory for companies paying advance tax of over Rs 10 crore annually to register with the LTU (Large Taxpayers Unit), a move likely to augment and streamline tax collection.
Last Updated: Monday, June 03, 2013, 18:16
Income Tax department has decided to scan the salary structure of top executives of large corporates and PSUs to examine hidden tax opportunities in the perks and reimbursements made to them.
Last Updated: Monday, December 17, 2012, 21:24
The government on Monday said it would be difficult to achieve the corporate tax, customs and excise mop-up target as projected in the Budget because of subdued corporate profits.
Last Updated: Thursday, November 08, 2012, 15:03
The collection during the first seven months of 2012-13 was Rs 3.02 lakh crore, up from Rs 2.84 lakh crore in the same period last year, a Finance Ministry statement said.
Last Updated: Wednesday, October 10, 2012, 18:38
The gross direct tax collection during the first six months of 2012-13 worked out to be Rs 2.72 lakh crore, up from Rs 2.57 lakh crore in the corresponding period last year, a Finance Ministry statement said.
Last Updated: Friday, June 15, 2012, 16:09
Most of the leading corporates have paid marginally higher advance tax in the first quarter of the current fiscal despite widening economic gloom, sources in the Income Tax Department said on Friday.
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