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FM bars tax officials using political influence for postings

Last Updated: Thursday, June 26, 2014, 18:55

In a stern warning against use of political recommendations for postings of choice, Finance Minister Arun Jaitley has asked tax officials to desist from such practices or else face disciplinary action.

Draft rules on new land acquisition law soon: Min

Last Updated: Thursday, June 12, 2014, 21:20

Karnataka Revenue department is hopeful of tabling the draft rules in the next Assembly session to implement the new land acquisition law after getting Cabinet approval tomorrow.

TDS due date extended till Mar 31 for govt deductors

Last Updated: Thursday, March 06, 2014, 22:43

The Revenue Department has extended the due date of filing TDS and TCS for 2012-13 and 2013-14 till March 31 in case of government deductors.

Circular soon for levying excise on goods sold below cost

Last Updated: Tuesday, December 17, 2013, 19:04

The Finance Ministry Tuesday said it will come out with a circular by January 15 to implement a Supreme Court decision regarding valuation of goods sold below the cost price for levying excise duty.

Will aggressively defend against tax demand: IBM

Last Updated: Wednesday, December 04, 2013, 19:09

US-based technology major IBM is contesting a claim of the revenue department which has increased the company's taxable income substantially to around Rs 11,000 crore.

India slaps $9/kg anti-dumping duty on a bulk drug from EU

Last Updated: Sunday, October 20, 2013, 19:13

The Revenue Department has imposed the duty - a levy to discourage cheap imports - on bulk drug Cefadroxil Monohydrate originating in or exported from the EU for five years.

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.

Sarabjit`s daughter is Punjab revenue official

Last Updated: Friday, August 02, 2013, 14:24

The Punjab government on Friday handed an appointment letter to Swapandeep Kaur, daughter of Sarabjit Singh, the Indian prisoner in a Lahore prison who was killed in an attack by fellow prisoners in May.

Telecom revenue up 2.7% at Rs 54,284 cr in Jan-Mar qtr

Last Updated: Thursday, August 01, 2013, 21:06

The cumulative revenue of telecom service providers grew by 10.24 percent year-on-year to Rs 54,284 crore in the January-March quarter due to increase in customer spending, a TRAI report said Thursday.

Govt gets power to arrest service tax defaulters

Last Updated: Sunday, May 19, 2013, 15:13

Service tax evaders beware! Failing to deposit this tax may attract arrest and imprisonment up to seven years.

All Mahadalit families must be provided land : Nitish Kumar

Last Updated: Wednesday, April 10, 2013, 22:12

Nitish Kumar directed the revenue department to provide land by this fiscal to all Mahadalit families in the state for housing.

Voluntary compliance scheme to help widen tax base: Revenue secy

Last Updated: Wednesday, March 06, 2013, 19:49

Pitching for higher tax collections, Revenue Secretary Sumit Bose Wednesday said the recently announced voluntary compliance scheme for service tax defaulters will help the government widen the tax base.