GAAR panel expanded to cover non-resident tax payers
September 1st, 2012 - 7:56 pm ICT by IANS
New Delhi, Sep 1 (IANS) The government Saturday expanded the scope of the expert committee on General Anti-Avoidance Rules (GAAR) to include all non-resident tax payers, even as the committee ... Read more...
Posted in Business |
Indirect tax collection target will be met, says Mukherjee
June 4th, 2012 - 5:07 pm ICT by IANS
New Delhi, June 4 (IANS) The government is confident that it will meet the indirect tax collection target of Rs.4,99,694 crore in 2012-13, Finance Minister Pranab Mukherjee said Monday."I ... Read more...
Posted in Business |
Tax officials meet to discuss effective governance
June 3rd, 2012 - 7:57 pm ICT by IANS
New Delhi, June 3 (IANS) Finance Minister Pranab Mukherjee will Monday inaugurate here a two-day annual conference of officials from the customs, central excise and service tax deparments that ... Read more...
Posted in Business |
Tripura registers record rise in tax collection
June 2nd, 2012 - 6:21 pm ICT by IANS
Agartala, June 2 (IANS) Tripura registered a record 38.24 percent increase in collection of taxes from different sources in the last 2011-12 fiscal against the national average of 24 percent, ... Read more...
Posted in Business |
India defers GAAR by a year (Lead)
May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) India Monday deferred impementation of the controversial General Anti-Avoidance Rules (GAAR) by a year and announced that the burden of proving tax evasion will ... Read more...
Posted in World |
India defers implementing GAAR for a year
May 7th, 2012 - 4:50 pm ICT by IANS
New Delhi, May 7 (IANS) Relenting under pressure from the business community, Finance Minister Pranab Mukherjee Monday proposed to defer the implementation of the controversial General Anti-Avoidance Rule (GAAR) ... Read more...
Posted in Business |
Fiscal deficit to exceed budget estimate, says Pranab
January 6th, 2012 - 8:29 pm ICT by IANS
Chennai, Jan 6 (IANS) India's fiscal deficit this financial year will exceed the projected 4.6 percent of the gross domestic product (GDP) owing to higher oil prices, Finance Minister ... Read more...
Posted in Business |
Bengal warns businessmen of action for not paying taxes
November 15th, 2011 - 6:02 pm ICT by IANS
Kolkata, Nov 15 (IANS) Observing that West Bengal had a low tax compliance rate, state Finance Minister Amit Mitra Tuesday urged the business community to cooperate with the government in ... Read more...
Posted in Business |
Online lottery legalised by Mamata government: CPI-M
September 12th, 2011 - 11:56 pm ICT by IANS
Kolkata, Sep 12 (IANS) Former West Bengal finance minister and Communist Party of India-Marxist (CPI-M) leader Asim Dasgupta Monday alleged that by imposing charge on online lottery the Trinamool ... Read more...
Posted in Business |
Pranab to address international meeting on black money, tax reforms
June 12th, 2011 - 7:39 pm ICT by IANS
New Delhi, June 12 (IANS) Finance Minister Pranab Mukherjee will Monday open here a two-day international seminar on black money and tax reforms.The event is being organised by the ... Read more...
Posted in Business |
Delhi revenue collection takes a leap: Dikshit
May 25th, 2011 - 8:13 pm ICT by IANS
New Delhi, May 25 (IANS) The Delhi government's revenue collection has shown impressive growth, Chief Minister Sheila Dikshit said Wednesday. Revenue collection increased to Rs.16,478 crore during 2010-11 from Rs.13,448 ... Read more...
Posted in Business |
Now, pay income tax through Union Bank ATMs
March 31st, 2011 - 11:09 pm ICT by IANS
New Delhi, March 31 (IANS) Now, account holders of the state-run Union Bank of India can pay their income tax through the bank's network of 2,600 ATMs."Implementation of income tax ... Read more...
Posted in Business |
Direct taxes are major resource for undertaking development work: Pranab Mukherjee
February 26th, 2011 - 8:20 pm ICT by ANI
New Delhi, Feb 26(ANI): Union Finance Minister Pranab Mukherjee on Saturday said that direct taxes are now the major resource provider to the Central Government for undertaking developmental work.Mukherjee said ... Read more...
Posted in National |
Direct tax collection up 20 percent so far: Pranab
February 26th, 2011 - 8:14 pm ICT by IANS
New Delhi, Feb 26 (IANS) The country's direct tax collection has reported an increase of 20 percent in the current fiscal year and stood at Rs.335,000 crore, Finance Minister Pranab Mukherjee ... Read more...
Posted in Business |
Government has no data on Swiss bank money: RTI activist told
September 16th, 2010 - 5:25 pm ICT by IANS
New Delhi, Sep 16 (IANS) There is no verifiable data about the quantum of Indian money kept in Swiss banks, the government has told a Right to Information (RTI) activist.
Responding to ... Read more...
Posted in Uncategorized |
Indian court dismisses Vodafone petition on $2.6 bn tax case
September 8th, 2010 - 8:40 pm ICT by IANS
Mumbai, Sep 8 (IANS) In a setback for global mobile telecom giant Vodafone, the Bombay High Court Wednesday set aside the company's petition challenging the tax liability of $2.6 billion towards capital ... Read more...
Posted in Business |
Manmohan seeks states support on GST implementation
July 24th, 2010 - 3:14 pm ICT by IANS
New Delhi, July 24 (IANS) Prime Minister Manmohan Singh Saturday sought the support of states in the government's efforts to implement a uniform taxation regime on goods and services across the ... Read more...
Posted in Business |
Pranab to inaugurate conference of CCS and DGS of Customs, Central Excise and Service Tax on Tuesday
June 14th, 2010 - 10:27 pm ICT by ANI
New Delhi, June 14 (ANI: Union Finance Minister Pranab Mukherjee will inaugurate the annual conference of the Chief Commissioners & Directors General of Customs, Central Excise and Service Tax, in the ... Read more...
Posted in National |
Widened IPL probe takes tax officials to Sahara offices (Roundup)
April 22nd, 2010 - 6:55 pm ICT by IANS
New Delhi, April 22 (IANS) Amid search operations at the Sahara group offices in Lucknow Thursday, tax officials probing the financial dealings of the Kolkata franchise of the Indian Premier League ... Read more...
Posted in Business |
Tax probe on IPL, franchises could extend to other cities (Lead)
April 16th, 2010 - 8:01 pm ICT by IANS
Mumbai/New Delhi, April 16 (IANS) After a visit to the Mumbai offices of the Indian Premier League (IPL), the tax administration proposes similar inspection visits in other cities as well to ... Read more...
Posted in Business |
Tax probe on IPL, franchises may extend to other cities
April 16th, 2010 - 6:47 pm ICT by IANS
New Delhi, April 16 (IANS) After a visit to the Mumbai offices of Indian Premier League (IPL), the tax administration proposes similar investigations in other cities as well to ascertain the ... Read more...
Posted in Business |
Income tax probe starts on funding of Kochi IPL team
April 14th, 2010 - 6:37 pm ICT by IANS
New Delhi, April 14 (IANS) The tax administration has begun a probe into the Kochi team of Indian Premier League (IPL), engulfed in a major controversy over ownership issue, to ascertain ... Read more...
Posted in Business |
No new tax in Tamil Nadu deficit budget for 2010-11
March 19th, 2010 - 3:31 pm ICT by IANS
Chennai, March 19 (IANS) Tamil Nadu Finance Minister K. Anbazhagan Friday presented a deficit budget with no additional tax for the financial year 2010-11.
"The total revenue receipts of the government for 2010-11 ... Read more...
Posted in Business |
Technology advisory group for unique IT projects soon
February 26th, 2010 - 5:33 pm ICT by IANS
New Delhi, Feb 26 (IANS) A technology advisory group will soon be set up for unique IT-related projects under the chairmanship of Infosys co-founder Nandan Nilekani, said Finance Minister Pranab Mukherjee ... Read more...
Posted in Business |
Mukherjee turns to Kautilya again
February 26th, 2010 - 2:23 pm ICT by IANS
New Delhi, Feb 26 (IANS) When it comes to direct tax proposals, there is always Kautilya! In a repeat of last year, Finance Minister Pranab Mukherjee once again quoted the ancient ... Read more...
Posted in Business |
Cabinet approves computerising tax administration in states
February 18th, 2010 - 8:19 pm ICT by IANS
New Delhi, Feb 18 (IANS) The Union Cabinet Thursday approved a project to computerise administration of commercial taxes in states.
Information and Broadcasting Minister Ambika Soni said the project with ... Read more...
Posted in Politics |
Top-level vacancies frustrating tax targets: CBDT
February 3rd, 2010 - 9:03 pm ICT by IANS
New Delhi, Feb 3 (IANS) With just three weeks to go for India's national budget for next fiscal, the finance ministry has called for urgent steps to fill top-level vacancies in ... Read more...
Posted in Business |
Central Excise launches ACES in Delhi
October 14th, 2009 - 7:37 pm ICT by ANI
By Shreeraj GudiNew Delhi, Oct 14 (ANI): The Delhi Service Tax Commissionerate launched the Automation of Central Excise and Service Tax (ACES) here on Wednesday.ACES is a new centralised and web based ... Read more...
Posted in National |
Mexico detects 1.7 mn tax evaders
September 25th, 2009 - 5:07 pm ICT by IANS
Mexico City, Sep 25 (EFE) At least 1.7 million Mexicans, among them several soccer stars, have not paid their taxes since June 2008, according to data gathered by the Tax Administration System, ... Read more...
Posted in World |
FM to inaugurate Annual Conference of Chief Commissioners & Directors General of Customs and Central
September 7th, 2009 - 9:03 pm ICT by ANI
New Delhi, Sep.7 (ANI): Finance Minister Pranab Mukherjee will inaugurate the two-day All India Annual Conference of the Chief Commissioners and Directors General of Customs and Central Excise on Wednesday.The ... Read more...
Posted in National |
US files for disclosure of 4,500 Swiss accounts
September 1st, 2009 - 5:05 am ICT by IANS
Geneva, Sep 1 (DPA) The US tax agency Monday filed with Swiss authorities for administrative assistance on information related to 4,500 bank accounts, following a deal reached between the two governments earlier ... Read more...
Posted in Business |
Drought looms large, but don’t panic: Mukherjee
August 11th, 2009 - 4:37 pm ICT by IANS
New Delhi, Aug 11 (IANS) The spectre of drought looms large over as many as 161 out of 626 districts in India due to deficient monsoon, Finance Minister Pranab Mukherjee said ... Read more...
Posted in Business |
A smart citizen card can be among government’s top feats (Comment)
June 7th, 2009 - 12:11 pm ICT by IANS
By Prasanto K. Roy
This can become the largest database on planet earth and the oldest technology-driven plan that is still doing the rounds in India - a unique, single identity smart ... Read more...
Posted in Business |
Mexico doesn’t know origin of swine flu virus
April 30th, 2009 - 7:23 pm ICT by IANS
Mexico City, April 30 (EFE) The origin of the swine flu outbreak provisionally blamed for 159 deaths in Mexico could be either Asia or the US, the chief epidemiologist of the Latin ... Read more...
Posted in Health |
TCS to design, implement tax system in Uganda
June 24th, 2008 - 8:17 pm ICT by IANS
Mumbai, June 24 (IANS) Information technology major Tata Consultancy Services (TCS) has bagged a contract from the Uganda Revenue Authority (URA) to design and install an integrated tax administration system in that ... Read more...
Posted in Sci-Tech |