Tax

Pakistan needs to bring back money stashed abroad

There is unease among the very wealthy who have offshore accounts because of notices they are said to have received from their respective banks advising them to close their accounts by Oct 30.

Water tax: Delhi govt announces relief for consumers

Delhi CM Sheila Dikshit announced waiver on late payment fee and interest on arrears for water and sewerage charges levied by Delhi Jal Board.

Romney releases 2011 tax return, paid $1.9 mn

Romney earned almost $ 13.7 million last year and paid more than $ 1.9 million in taxes -- an effective tax rate of 14.1 per cent.

EC rejects AP govt`s plea to permit petrol tax cut

The Election Commission is understood to have rejected Andhra Pradesh government`s plea to permit it to reduce sales tax on petrol by three per cent ahead of June 12 by-elections in the state.

Centre, TN govt should reduce tax on petrol: DMK

Karunanidhi on Monday said both the Centre and Tamil Nadu governments should voluntarily come forward to reduce their tax percentage.

Mamata for alternative to taxing poor, price hike

Mamata Banerjee on Monday said an alternative must be found to taxing the poor.

`Persons having Swiss A/c paid Rs 180cr as tax`

Some persons with accounts in a Swiss bank have paid taxes amounting to about Rs 180 crore so far, Finance Minister Pranab Mukherjee said.

Koda to appeal against Rs.1,200 crore tax demand

Former Jharkhand Chief Minister Madhu Koda, will appeal against the income tax order slapping Rs.1,200 crore tax against him, his wife said.

Chinese dissident Ai Weiwei to challenge tax demand

Weiwei has received seven million Yuan as donations from his supporters.

Kerala gives up tax on petrol price hikes

Bringing some relief to
people hit by petrol price hike, the Congress-led UDF
government in Kerala on Friday decided to forgo the additional
tax.

Greeks feel drip-drip torture of austerity

Greeks expressed their misery on Monday at the erosion of their daily lives by austerity measures.

Don`t pay tax till black money is back: Ramdev

Yoga guru Ramdev on Wednesday said if
the government fails to bring back money stashed in foreign
banks, he will call upon people not to pay taxes.

Please tax us, French super-rich tell government

16 company executives, business leaders and super-rich called for "a special contribution".

Chinese artist Ai Weiwei appeals tax bill, fines

Ai Weiwei`s design firm challenged the $1.85 million tax bill delivered by authorities.

Beijing seeks two million dollars from Ai Weiwei

Chinese authorities sometimes try to silence critics
by accusing them of tax violations.

NATO tankers paying no tax in Pakistan: Senate Committee

Pakistan’s Senate Committee on Ports and Shipping has revealed that NATO tankers in the country are only paying 450 rupees as handling charges at Port Qasim.

Pawar shouldn`t have attended cabinet meet on tax sop to ICC: BJP

BJP on Friday said ICC chief and
Union Minister Sharad Pawar should not have participated in
the union cabinet meeting which approved income tax exemption
to the cricketing body for the World Cup matches.

Delhi Govt estimates to collect Rs 20 crore from tax revenue

The city Government estimates
to collect a total of Rs 20,246 crore from tax revenue in the
financial year 2011-12, which is an increase of around 30 percent over the current fiscal.

Bachchan parivaar files Rs 37.55 cr as annual tax return

This year, the Bachchan family is one of the highest tax paying family of the entertainment industry.

No interim tax relief for Zubin Mehta concert

Bombay HC refused to grant interim relief in the form of tax exemption to the Mehli Mehta Music Foundation, which is organising a concert by world-renowned musician Zubin Mehta in the city.