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BJP will abolish most taxes if voted to power: Nitin Gadkari

Last Updated: Tuesday, March 04, 2014, 21:57

The BJP, if voted to power, will try to abolish most of the taxes currently in place to generate more revenue and reduce inflation, its senior leader Nitin Gadkari said.

'India needs stable tax environment to attract investments'

Last Updated: Sunday, November 24, 2013, 13:42

Amid rising concerns on the protection of tax base by countries across the world, a white paper by CII-EY has suggested that the Indian government provide a stable tax environment and simplify procedures in sync with global practices.

India asks IBM to pay $866 million in outstanding tax: Reports

Last Updated: Saturday, November 02, 2013, 15:59

Indian tax authorities have asked IBM`s local unit to pay Rs 53.57 billion in outstanding income tax on fiscal 2009 revenue, media reported on Saturday.

Indian fund flows are dealt with more carefully: Mauritius

Last Updated: Sunday, November 25, 2012, 14:27

Often accused of being a conduit for black money to and from India, Mauritius has said it is "extra careful" when dealing with fund flows involving Indian entities, as compared to those from other countries.

Tax concern tethers optimism of Indian finance professionals

Last Updated: Saturday, November 17, 2012, 17:48

57% of Indian treasurers say that the local tax environment is getting harder for their business.

Need for policy predictability to allay investors’ fears: PMEAC

Last Updated: Friday, August 17, 2012, 16:27

Prime Minister's economic advisory panel Friday said government should pay special attention to allay investors' apprehensions on taxation front by bringing in policy predictability.

Govt should put off GAAR until 2015: Assocham

Last Updated: Monday, July 02, 2012, 18:13

The government should put off implementation of General Anti-Avoidance Rules (GAAR) until 2015 as these have created a bad perception about Indian tax laws among global investors, Assocham said Monday.

Govt should put off GAAR until 2015: Assocham

Last Updated: Monday, July 02, 2012, 18:13

The government should put off implementation of General Anti-Avoidance Rules (GAAR) until 2015 as these have created a bad perception about Indian tax laws among global investors, Assocham said Monday.

ICC, BIAC write to Pranab on retrospective ta amendment issue

Last Updated: Monday, April 09, 2012, 15:45

Concerned over the impact of the government's decision to amend the Income Tax Act with retrospective affect, International Chamber of Commerce (ICC) and another industry body BIAC want to engage with the Finance Ministry to work out a solution to the issue.

Plug loopholes to boost tax revenue: Pranab

Last Updated: Sunday, April 08, 2012, 21:27

Finance Minister Pranab Mukherjee Sunday advised experts to plug loopholes in the taxation laws to ensure that the government got its due share of revenue and to curb avoidance.

Kingfisher has to pay arrears as soon as possible: CBEC

Last Updated: Wednesday, April 04, 2012, 17:02

The tax department on Wednesday said it will not provide any "leeway" to Kingfisher Airlines in paying arrears of about Rs 60 crore and the firm has to pay the dues as soon as possible.

Swiss financial system pays Rs 1-lakh crore tax a year

Last Updated: Thursday, July 14, 2011, 15:10

They are accused of helping Indians and others evade tax and hide their black money, but the Swiss financial sector itself pays taxes totalling about Rs one lakh crore every year to its government.