tax rate

India cuts tax on overseas borrowings (Lead)


September 21st, 2012 - 8:34 pm ICT by IANS
New Delhi, Sep 21 (IANS) In yet another move to draw in international capital, the Indian government Friday reduced tax on overseas borrowings by domestic companies to five percent from ... Read more...

Posted in Business |

India lowers taxes on overseas borrowings


September 21st, 2012 - 3:48 pm ICT by IANS
New Delhi, Sep 21 (IANS) The government Friday reduced tax on overseas borrowings by domestic companies to five percent from 20 percent so that local companies could easily raise funds ... Read more...

Posted in Business |

India not a tax haven: Pranab


April 1st, 2012 - 10:20 pm ICT by IANS
Kolkata, April 1 (IANS) Defending the proposed amendment of the Income Tax (IT) Act with retrospective effect, union Finance Minister Pranab Mukherjee Sunday said India cannot be a tax ... Read more...

Posted in Business |

Obama urges Congress to pass ‘Buffett Rule’ for higher tax on rich


March 31st, 2012 - 11:49 pm ICT by IANS
Washington, March 31 (IANS) US President Barack Obama urged Congress Saturday to pass the "Buffett Rule" tax plan, which is designed to increase the tax rate on the wealthiest ... Read more...

Posted in Politics |

China may exempt interest tax on corporate bonds


February 27th, 2012 - 2:24 pm ICT by IANS
Beijing, Feb 27 (IANS) Individual investors may pay less tax on interest from corporate bonds as part of an effort to improve the market for corporate securities, the China Securities ... Read more...

Posted in Uncategorized |

Millionaires should pay 30 percent in taxes: Obama


February 22nd, 2012 - 12:36 pm ICT by IANS
Washington, Feb 22 (IANS/EFE) President Barack Obama said Tuesday that the US middle class deserves tax cuts, while people with incomes above $1 million per year should pay at ... Read more...

Posted in Politics |

New York to raise taxes on the wealthy


December 7th, 2011 - 12:40 pm ICT by IANS
New York, Dec 7 (IANS) The state of New York will create multiple tax brackets for its citizens and slap higher taxes on the wealthiest residents in response to the ... Read more...

Posted in Business |

No impact of uncertainty on IT business: Premji (Lead)


July 20th, 2011 - 9:02 pm ICT by IANS
Bangalore, July 20 (IANS) Global IT services business continued to remain strong despite uncertainty and a volatile macro-economic environment, Wipro chairman Azim Premji said Wednesday."There is some uncertainty as macro-economic ... Read more...

Posted in Business |

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 |

CESC sees 11 percent rise in profit before tax


February 10th, 2011 - 6:23 pm ICT by IANS
Kolkata, Feb 10 (IANS) RPG group company CESC Thursday reported an 11 percent rise in its profit before tax (PBT) to Rs.137 crore for the quarter ended December 2010. This is up ... Read more...

Posted in Business |

Top US lawmaker says Pak faces cut in aid unless it drastically increases tax rates


February 10th, 2011 - 3:27 pm ICT by ANI
Washington, Feb 10(ANI): US aid beneficiary nations, such as Pakistan, will have to shoulder more of the burden for their own growth as Washington eyes deep cuts in its overseas assistance, a ... Read more...

Posted in South Asia |

Four states cut tax on petro products


November 18th, 2010 - 9:42 pm ICT by IANS
New Delhi, Nov 18 (IANS) Only four states have reduced the rate of tax on petroleum, Minister of State for Petroleum and Natural Gas Jitin Prasada said Thursday.This is despite the petroleum ... Read more...

Posted in Business |

India plans two national gas grids


October 19th, 2010 - 10:58 pm ICT by IANS
Chennai Oct 19 (IANS) With the discovery of natural gas in Andhra Pradesh which nearly doubles its availability in the country, India is planning to have two national gas pipeline grids, an ... Read more...

Posted in Business |

Keira Knightley says goodbye to Britain


September 8th, 2010 - 8:51 pm ICT by Sampurn Wire
September 8, 2010 (Sampurn Wire): Oppressed British citizens have always considered the United States their second home and they have often moved to America to save taxes since 1775. Now it ... Read more...

Posted in Entertainment |

Government asks companies to pay advance tax


February 4th, 2010 - 8:15 pm ICT by IANS
New Delhi, Feb 4 (IANS) In a bid to ensure realisation of revenue targets for this fiscal, revised upward to Rs.4,000 billion ($80 billion), the government Thursday asked the corporate sector not ... Read more...

Posted in Business |

Hotel industry sees brighter times ahead


September 19th, 2009 - 6:57 pm ICT by IANS
Chennai, Sep 19 (IANS) The hospitality sector is poised for brighter days after a bad year that saw its turnover falling by 25-40 percent, according to a hotel industry official. "Prudent cost-control measures ... Read more...

Posted in Business |

Time not right to raise taxes, says finance secretary


July 6th, 2009 - 6:59 pm ICT by IANS
New Delhi, July 6 (IANS) Tax rates were not raised in the 2009-10 budget proposals as economic conditions remained difficult while tax relief for individuals would help boost consumption, Finance Secretary ... Read more...

Posted in Business |

Berlusconi accuses Murdoch of ordering negative stories about him


June 5th, 2009 - 5:46 pm ICT by ANI
London, June 5 (ANI): Italian Prime Minister Silvio Berlusconi's long and profitable friendship with medial mogul Rupert Murdoch is apparently over, as he has accused the latter of ordering negative stories about ... Read more...

Posted in World |

Syria to introduce VAT next year


June 5th, 2008 - 9:15 am ICT by ANI
Nicosia, June 5 (ANI): Syrias Minister of Finance Muhammad al-Husain has recently announced that the Syrian government will introduce VAT as from next year with a flat rate of 10 per ... Read more...

Posted in Entertainment |

Fiat India slashes car prices


March 4th, 2008 - 6:51 pm ICT by admin
Mumbai, March 4 (IANS) Carmaker Fiat India has reduced prices of its flagship model Palio Stile in response to tax cuts for small cars announced in India's national budget for 2008-09. The ... Read more...

Posted in Business |

Budget a boon for Madhya Pradesh: industry body


February 29th, 2008 - 8:08 pm ICT by admin
Bhopal, Feb 29 (IANS) Welcoming the union budget for 2008-09, the Madhya Pradesh unit of the PHD Chamber of Commerce and Industry (PHDCCI) said it was a boon for all in general ... Read more...

Posted in Business |

More Highlights of Indian budget (15):


February 29th, 2008 - 3:04 pm ICT by admin
Tax-GDP ratio rises to 12.5 percent Tax exemption raised from Rs.110,000 to Rs.150,000Sixth central pay commission to submit report by MarchGeneral central value-added tax rate slashed to 14 percent from 16 ... Read more...

Posted in Business |

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