Petrol prices to be hiked by 70 paise from midnight (Lead)
July 23rd, 2012 - 9:30 pm ICT by IANS
New Delhi, July 23 (IANS) India's oil marketing companies Monday announced a hike in petrol prices by 70 paise a litre, with effect from midnight, citing increasing international oil prices ... Read more...
Posted in Business |
Capital gains tax on private equity lowered
May 7th, 2012 - 8:18 pm ICT by IANS
New Delhi, May 7 (IANS) The central government Monday announced the lowering of capital gains tax on private equity investments to 10 percent from the existing 20 percent."Currently, long ... Read more...
Posted in Business |
No strike now: Bollywood happy with tax exemption (Lead)
March 16th, 2012 - 9:10 pm ICT by IANS
Mumbai, March 16 (IANS) Producer Mukesh Bhatt is delighted with the government's decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news.The film ... Read more...
Posted in Business |
Realty sector sore with union budget
March 16th, 2012 - 8:18 pm ICT by IANS
Mumbai, March 16 (IANS) Predicting an escalation in property prices, top players in Maharashtra's crucial realty sector Friday said they had been ignored by Finance Minister Pranab Mukherjee in ... Read more...
Posted in Business |
Budget blues: People not impressed (Lead)
March 16th, 2012 - 7:57 pm ICT by IANS
New Delhi/Mumbai, March 16 (IANS) As Finance Minister Pranab Mukherjee Friday presented the national budget for 2012-13 claiming that the economy was returning to normal, the common man didn't ... Read more...
Posted in Business |
Budget blues: People not impressed
March 16th, 2012 - 6:02 pm ICT by IANS
New Delhi, March 16 (IANS) As Finance Minister Pranab Mukherjee Friday presented the national budget for 2012-13 claiming that the economy was returning to normal, the common man ... Read more...
Posted in Politics |
No strike now: Bollywood happy with tax exemption
March 16th, 2012 - 4:13 pm ICT by IANS
Mumbai, March 16 (IANS) Producer Mukesh Bhatt is delighted with the government's decision to exempt the film industry from service tax. Filmmaker Goldie Behl termed it positive news.Post "the ... Read more...
Posted in Entertainment |
Tax exemption sought for road safety
March 5th, 2012 - 10:43 pm ICT by IANS
New Delhi, March 5 (IANS) The International Road Federation (IRF) has asked the government to encourage private effort at promoting road safety by giving tax benefits to companies and ... Read more...
Posted in Uncategorized |
Himachal celebrates 42nd statehood day
January 25th, 2012 - 6:31 pm ICT by IANS
Shimla, Jan 25 (IANS) Himachal Pradesh Wednesday celebrated its 42nd statehood day with Chief Minister Prem Kumar Dhumal highlighting the achievements of the state during this period.It was on this ... Read more...
Posted in Uncategorized |
Tax exemptions to ICC for World Cup unjustified: MPs’ panel
November 29th, 2011 - 7:31 pm ICT by IANS
New Delhi, Nov 29 (IANS) The Parliamentary Standing Committee on Finance said Tuesday that the Rs.45-crore tax exemption given to the International Cricket Council (ICC) for the World Cup was ... Read more...
Posted in Sports |
Supreme Court orders F1 organisers to deposit tax
October 21st, 2011 - 8:46 pm ICT by IANS
New Delhi, Oct 21 (IANS) The Supreme Court Friday ordered Jaypee Sports International Limited, the organisers of the Formula 1 Indian Grand Prix later this month, to deposit in a ... Read more...
Posted in Uncategorized |
South Korea to offer tax incentives for electric cars
October 12th, 2011 - 2:14 pm ICT by IANS
Seoul, Oct 12 (IANS) South Korea plans to offer tax incentives for electric car buyers from next year in a bid to help promote sales of energy-saving vehicles, a government ... Read more...
Posted in Business |
Willing to pay all duties and taxes: F1 organisers
September 14th, 2011 - 9:24 pm ICT by IANS
New Delhi, Sep 14 (IANS) Jaypee Sports International (JPSI), organisers of the Formula One Indian Grand Prix, Wednesday asserted that it has full support of the Indian government in hosting ... Read more...
Posted in Sports |
No entertainment tax for Meghalaya mini-cinemas, multiplexes
August 25th, 2011 - 12:58 pm ICT by IANS
Shillong, Aug 25 (IANS) Mini-cinemas and multiplexes in Meghalaya will not have to pay entertainment tax for five years, the government has said."We have decided to exempt entertainment tax on ... Read more...
Posted in Business |
I hope ‘Chillar Party’ gets tax exemption: Director
July 6th, 2011 - 2:39 pm ICT by IANS
Mumbai, July 6 (IANS) "Chillar Party" director Vikash Bahl says that Information and Broadcasting Minister Ambika Soni has recommended tax exemption for his debut film and that he and ... Read more...
Posted in Entertainment |
60 mn Chinese now exempt from paying income tax
July 1st, 2011 - 4:35 pm ICT by IANS
Beijing, July 1 (IANS) About 60 million people in China will benefit from an increase in the monthly personal income tax threshold, an official said.The number of people who have ... Read more...
Posted in Business |
China revises individual income tax law
June 30th, 2011 - 5:12 pm ICT by IANS
Beijing, June 30 (IANS) China's top legislature Thursday adopted an amendment to the country's individual income tax law, raising the monthly tax exemption threshold from 2,000 yuan ($307.7) to 3,500 ... Read more...
Posted in World |
Corporates, public urged to support National Culture Fund
June 21st, 2011 - 10:04 pm ICT by IANS
New Delhi, June 21 (IANS) India's culture ministry is seeking corporate and private funding to swell the corpus of its National Culture Fund (NCF) to promote, protect and preserve the ... Read more...
Posted in Life Style |
Turkey, Kyrgyzstan to lift visa restrictions
April 27th, 2011 - 5:56 am ICT by IANS
Ankara, April 27 (IANS) Visiting Kyrgyz Prime Minister Almazbek Atambaev said Tuesday that Kyrgyzstan and Turkey would mutually lift visa restrictions and establish a "high level strategic cooperation council" ... Read more...
Posted in World |
Tax exemption: Pawar shouldn’t have attended cabinet meet, says BJP
April 2nd, 2011 - 1:16 am ICT by IANS
New Delhi, April 1 (IANS) The Bharatiya Janata Party (BJP) Friday said that due to a conflict of interest, International Cricket Council chief and Agriculture Minister Sharad Pawar should ... Read more...
Posted in Sports |
Cabinet approves tax exemption for ICC WC 2011
March 31st, 2011 - 8:21 pm ICT by ANI
New Delhi, Mar 31 (ANI): The Union Cabinet on Thursday approved tax exemption for the 2011 ICC World Cup.The cabinet today approved the proposal of Ministry of Finance for exempting ICC Cricket ... Read more...
Posted in National |
Highlights of Maharashtra budget for 2011-12
March 23rd, 2011 - 11:42 pm ICT by IANS
Mumbai, March 23 (IANS) Highlights of Maharashtra's budget for 2011-12 presented by Deputy Chief Minister and Finance Minister Ajit Pawar Wednesday:Taxes and duties:
* Liquor to cost more, as ... Read more...
Posted in Politics |
‘Hum Dono’ tax-free in Maharashtra
March 17th, 2011 - 9:12 pm ICT by IANS
New Delhi, March 17 (IANS) There's a good news for Dev Anand's fans. The coloured version of veteran actor's 1961 classic "Hum Dono" has been granted tax exemption in Maharashtra.A ... Read more...
Posted in Entertainment |
Now, IMF pressurises Pak Govt to ‘cut tax exemptions’ to meet revenue collection target
February 5th, 2011 - 5:17 pm ICT by ANI
Islamabad, Feb 5(ANI): Besides asking Pakistan to increase the power tariffs, the International Monetary Fund (IMF) has also asked the financial crisis-hit country to reduce the tax exemptions in order to overcome ... Read more...
Posted in South Asia |
Court tells Wipro to deposit Rs.240 mn in tax case
December 29th, 2010 - 1:06 pm ICT by IANS
Bangalore, Dec 29 (IANS) The Karnataka High Court has directed IT bellwether Wipro Ltd to deposit Rs.24 crore (Rs.240 million) by Wednesday evening in a case of tax on re-export of software, ... Read more...
Posted in Business |
Brazil takes steps to increase private lending
December 16th, 2010 - 11:57 am ICT by IANS
Brasilia, Dec 16 (IANS/EFE) Brazilian Finance Minister Guido Mantega has announced a set of measures designed to increase long-term lending by private banks and increase liquidity in capital markets.Brazil's BNDES development bank ... Read more...
Posted in Business |
Congress backs Kochi infotech project
December 9th, 2010 - 1:57 pm ICT by IANS
Thrissur (Kerala) Dec 9 (IANS) With the Kerala government trying to revive the much delayed Kochi infotech project, the opposition Congress Thursday said it was ready to play any role in its ... Read more...
Posted in Business |
US Senate rejects bill to curb outsourcing
September 29th, 2010 - 3:02 pm ICT by IANS
Washington, Sep 29 (IANS) The US Senate has rejected a bill that sought to end outsourcing of work to countries like India and create jobs by denying tax cuts to companies that ... Read more...
Posted in Business |
Direct Taxes Code bill tabled in Lok Sabha
August 30th, 2010 - 6:03 pm ICT by ANI
New Delhi, Aug 30 (ANI): Finance Minister Pranab Mukherjee on Monday tabled the Direct Taxes Code (DTC) Bill in the Lok Sabha which proposed to raise the exemption limit on income ... Read more...
Posted in National |
Cabinet clears Direct Tax Code Bill
August 26th, 2010 - 9:41 pm ICT by ANI
New Delhi, Aug 26 (ANI): The Union Cabinet on Thursday cleared the Direct Tax Code Bill, clearing decks for tabling the legislation in the Monsoon Session of Parliament so that the new ... Read more...
Posted in Business |
India, Mongolia win cases on tax-free diplomatic properties
August 18th, 2010 - 11:57 pm ICT by IANS
New York, Aug 18 (DPA) A US court has ruled that India and Mongolia do not have to pay property tax on permanent housing for their diplomats, which was a blow to ... Read more...
Posted in Business |
Another discussion paper released on draft tax code
June 15th, 2010 - 8:37 pm ICT by IANS
New Delhi, June 15 (IANS) The government Tuesday released a 35-page revised discussion paper on the draft direct code, which seeks to replace the 50-year-old Income Tax Act, after receiving more ... Read more...
Posted in Business |
Rationalise direct taxes to mitigate slowdown effects: CII
February 14th, 2010 - 12:59 pm ICT by IANS
New Delhi, Feb 14 (IANS) The Confederation of Indian Industry (CII) has urged the government to rationalise direct taxes which would help consolidate the manufacturing sector, mitigating the effects of the ... Read more...
Posted in Business |
Coloured version of ‘Mayabazar’ hits screens in Andhra
February 3rd, 2010 - 9:04 pm ICT by IANS
Bangalore, Feb 4 (IANS) The coloured version of black and white Telugu classic "Mayabazar", which created many box office records when released in 1957, has been released. It is tax free.
The coloured ... Read more...
Posted in Entertainment |
50 percent tax exempt for ‘Paa’; Amitabh thankful (Lead)
January 23rd, 2010 - 9:43 pm ICT by IANS
Bangalore, Jan 23 (IANS) Superstar Amitabh Bachchan's film "Paa" has been granted 50 percent tax exemption in Karnataka as it has created public awareness about the disease progeria. The legendary ... Read more...
Posted in Entertainment |