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New challenges in tax administration due to globalisation:Prez

Last Updated: Thursday, July 17, 2014, 18:02

New challenges have emerged in the arena of tax administration in the wake of globalisation and economic integration, President Pranab Mukherjee has said.

FM has asked Voda its views on tax issue in writing: Official

Last Updated: Tuesday, December 10, 2013, 22:36

"Finance Minister P Chidambaram has asked Vodafone to give its view on the tax matter in writing," said the Finance Ministry official.

Mauritius, India agree to 'limitation of benefit' clause

Last Updated: Sunday, December 08, 2013, 14:27

While specific details of this clause in the India-Mauritius tax treaty are being ironed out, LoB clauses are typically aimed at preventing 'treaty shopping' or inappropriate use of tax pacts by third-country investors.

'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 fully compliant with global tax laws; Cyprus, 3 others fail test

Last Updated: Sunday, November 24, 2013, 12:43

A worldwide crackdown on illicit funds has left just four jurisdictions -- Cyprus, Luxembourg, Seychelles and British Virgin Islands -- non-compliant with global tax laws, while India has emerged as 'fully compliant'.

Don't use retro amendment of tax laws to raise revenue: Shome

Last Updated: Wednesday, November 20, 2013, 22:45

He is also the chairman of the Tax Administration Reform Commission and was speaking at a CII event here.

Shome against retro amendment of tax laws to raise revenue

Last Updated: Monday, October 21, 2013, 16:32

Amid long-pending dispute between Vodafone and tax authorities, Finance Minister's advisor Parthasarathi Shome on Monday said the government should not go in for retrospective amendment of tax laws to raise revenue.

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.

US recognises same sex marriage under tax laws

Last Updated: Friday, August 30, 2013, 09:17

The US Department of Treasury has recognised gay marriage under the tax laws, giving equal tax benefits to legally married same-sex couples like their heterosexual counterparts.

Certainty in tax laws needed to lure foreign investors: E&Y

Last Updated: Wednesday, June 05, 2013, 18:10

There is a need to eliminate tax and regulatory hurdles so as to lure foreign investors to India based funds, as private equity (PE) firms witnessed nearly 22 percent fall in terms of value in 2012, a report has said.

`Google will pay more if British tax laws are changed`

Last Updated: Monday, May 27, 2013, 15:41

Google executive chairman Eric Schmidt has said the company will pay more tax if the British tax laws are changed.

Interpretation of tax laws in India 'main problem': Kapadia

Last Updated: Thursday, May 16, 2013, 16:19

Kapadia also said that there should be clear distinction between rules and standards when it comes to tax matters.