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Imposing retrospective tax was most regressive thing: Arun Shourie

Last Updated: Tuesday, June 17, 2014, 13:28

The Lok Sabha had approved the Finance Bill, 2012 which sought to amend the Income Tax Act, 1961.

Jaitley to meet state FMs on GST next month

Last Updated: Thursday, May 29, 2014, 21:05

Keen to fast track Goods and Services Tax (GST), Finance Minister Arun Jaitley on Thursday reviewed the progress with regard to the rollout of the new indirect tax regime and decided to hold an early meeting with the state Finance Ministers to sort out pending issues.

India needs to resolve tax issues with MNCs: Gammell

Last Updated: Monday, May 19, 2014, 12:19

India's new government needs to resolve taxation issues dogging multinational companies if it wants to encourage foreign direct investment, said Bill Gammell, who retired last week as chairman of Cairn Energy.

Govt stresses need on voluntary tax compliance

Last Updated: Friday, September 27, 2013, 16:34

Seelam said the current account deficit (CAD) would be contained at 4.8 percent of GDP.

Kitty Steels MD arrested, fined Rs 10,000 for IT Act violation

Last Updated: Friday, September 27, 2013, 13:41

The Revenue Department on Friday said the Managing Director of Hyderabad-based Kitty Steels Ltd has been fined Rs 10,000 along with three months of imprisonment for violation of income tax laws.

Tax info exchange: India sends 563 requests; gets 97 in 3 years

Last Updated: Wednesday, July 31, 2013, 22:06

When it comes to exchange of information on suspected tax defaults, India made 563 requests to foreign countries in three years, while it received only 97 such requests during this period.

India a fully committed partner in tax info exchange: OECD

Last Updated: Wednesday, July 31, 2013, 22:03

India has come in for praise by the world's top economic policy body, OECD, for putting in place a robust mechanism for exchange of information on issues related to taxation aimed at curbing black money and tax evasion.

Union Cabinet likely to approve IT dept revamp plan tomorrow

Last Updated: Wednesday, May 22, 2013, 15:16

He further said that the proposal includes recruitment of 19,000 tax officials to be deputed across the country in a span of two years.

Banks told to keep tax collecting branches open on Mar 29-31

Last Updated: Tuesday, March 26, 2013, 17:08

The Reserve Bank has asked banks to keep open their designated tax collecting branches on Good Friday (March 29) and the following weekend to facilitate tax collection.

Economic Survey against hike in tax rates; calls for widening base

Last Updated: Wednesday, February 27, 2013, 14:12

Amid debate over imposing higher taxes on super-rich, the Economic Survey on Wednesday said efforts should be made to raise revenue by widening tax base and not by increasing the rates.

Need to move towards tech-driven tax administration: FM

Last Updated: Saturday, February 23, 2013, 12:18

A technology driven tax administration would assist the tax deductor, tax collector and also the payee.

Govt detects Rs 5,995 crore central excise, service tax evasions

Last Updated: Wednesday, August 08, 2012, 16:32

The government on Wednesday said it has detected alleged central excise and service tax evasions of about Rs 5,995 crore during 2011-12.