Tax

No toll tax on potholed roads, says R R Patil

Bringing a major relief to citizens
travelling on potholed roads, Maharashtra government has
decided to waive toll tax considering repeated complaints
about poor conditions of the roads.

18 Indians hid Rs 44cr in EU bank: Govt

The Finance Ministry said it has uncovered around Rs 44 crore of untaxed money parked by 18 Indian nationals with LGT Bank in the European tax haven of Liechtenstein and have raised a tax demand of Rs 24 crore.

New taxes needed for a climate fund: UN panel

British economist Nicholas Stern
says a UN economic panel is discussing carbon taxes, add-ons
to international air fares and a levy on cross-border money
transfers as ways to raise USD 100 billion a year.

GST is anti-democratic, anti-poor: MP finance minister

Terming the proposed GST as "anti-democratic, anti-poor and
anti-farmer," Madhya Pradesh finance minister Raghavji today
said the new indirect tax regime is aimed at divesting the
states of their financial freedom.

Bonanza for tax payers in new tax regime: Report

Good news for the middle class. The government would stick to the lower tax slabs proposed in the original draft of the Direct Tax Code, letting the salaried class spend and save more, a newspaper said Friday.

One-time tax for motor vehicles in Daman and Diu

Motor vehicles in Daman and Diu would now have to pay only a one-time tax in addition to an environment cess on vehicles which are more than 15 years
old.

PF, pension fund withdrawls not to be taxed: Govt

In a sigh of relief to the salaried class, the government has dropped the contentious proposal to tax provident and pension funds withdrawls and decided to continue with the major tax incentive on housing loans.

IT sweep on April 21 was survey, not raid: Gameplan

In the eye of a storm after
taxmen visited the office of Gameplan Sports Private Limited,
once connected with Kolkata Knight Riders, its Managing
Director Jeet Banerjee today said it was not a raid but a
survey.

Excise dept asks pay details from Yuvraj, 4 other KXI mates

After a notice to owners of
Kings XI Punjab on payment of service tax, the central excise
department here has asked its five players, including Yuvraj
Singh, to furnish details of the payment received from the IPL
franchise.

Govt probes IPL affairs, noose tightens around Lalit Modi

The Centre has ordered parallel probes by virtually all its economic intelligence units into the sources and use of funds by franchisees of the IPL. Meanwhile, it might be the end of road for Lalit Modi as the BCCI may strip him off his post of the IPL Commissioner.

Tax authorities pose 10 questions to BCCI on IPL issue

Income tax authorities have
asked the Board for Control of Cricket in India (BCCI) to
respond by Friday, April 23, to 10 queries, including the one
on income from controversy-hit IPL and its structure.

Mamata seeks withdrawal of service tax on rail freight

Railways Minister Mamata Banerjee
today stepped up pressure on Finance Minister Pranab Mukherjee for withdrawal of service tax levied on Railways in the General Budget presented last week.

Uttarakhand defers imposition of surcharge till Apr 1

Uttarakhand government today
deferred imposition of surcharge on a series of FMCG and other
food items by one month, official sources said here.

Cabinet approves computerising tax administration in states

The Union Cabinet Thursday approved a project to computerise administration of commercial taxes in states.

MCD launches `amnesty-cum-tax settlement` scheme

MCD today launched a special
`amnesty-cum-tax settlement` scheme to benefit property owners
and tax payers for settlement of pending disputes.

MCD should take steps to recover pending tax arrears: BJP

Property tax arrears running into
crores were pending with key agencies like DDA, DJB, CPWD and
Airport Authority of India and the MCD should take steps to
recover the amount, a ruling BJP councillor said today.

People may not pay taxes, fees: Warns JAC convenor

The Convenor of the Joint Action
Committee spearheading the agitation for Telangana warned the outfit might resort to non-cooperation movement if
the Centre failed to meet its Jan 28 deadline for declaring a separate state.

Govt to net Rs 1,400 cr as tax from pay arrears to staff

The government will mop up Rs
1,400 crore this fiscal by taxing the second instalment of
arrears due to central government employees, who were awarded
increased salaries by the Sixth Pay Commission.

New date for GST roll out deferred till month end

The announcement of new date for the roll out of GST was deferred until month-end today as the Finance Minister Pranab Mukherjee is preoccupied with preparations for the next Budget.

Revenue dept officials brief FM on problem areas in tax code

Senior Revenue Department officials, including those retired, on Tuesday gave a presentation to the Finance Minister Pranab Mukherjee on the problem areas in the Draft Direct Taxes Code.