Despite the economic recovery, the government`s direct tax collections increased by a marginal 3.7 percent to Rs 1.83 lakh in the first eight months of this fiscal compared to the same period a year ago.
The industry body Assocham on Tuesday
suggested that FIIs should be charged a tax of two per cent of
their money pumped into the stock market to prevent further
rise of the rupee and also an asset-bubble.
Jharkhand Chief Minister Madhu Koda on Saturday alleged some
political higher-ups had hatched a conspiracy to tarnish his
image before the assembly polls and said he is ready to quit
politics if money laundering charges against him are proved.
The government is debating the need for changes in its tax laws including that on saving schemes, capital gains of non-residents and tax agreements with various nations, the Finance Ministry said in a statement on Thursday.
India`s tax department said on Friday it had issued a show-cause notice to Vodafone for default of non-deduction of tax related to its USD 11.2 billion stake purchase of Hutchison Telecom`s Indian operations in 2007.
All vehicles, except the solar-
powered or battery-operated ones meant for private use, now
cost more in Uttar Pradesh as the state government has hiked
the road tax for all types of private and commercial vehicles.
Two days after the arrest of Nagpur Income-Tax Commissioner Ajoy Kumar Singh and his wife Mrinalika, the CBI filed chargesheet in a special court here, accusing the duo of amassing disproportionate assets worth Rs four crore.