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India Inc needs be active before finalisation of tax proposals India Inc needs be active before finalisation of tax proposals "The senior functionaries in government engaged and involved with policy making are much more receptive in modern times as compared to 15-20 years ago and therefore, can suitably accommodate industry's inputs along with its perspective in the final policy document to plug possibilities of faltering and making unintended mistakes," he said.
Retrospective decisions creating liabilities unacceptable: FM Jaitley Retrospective decisions creating liabilities unacceptable: FM Jaitley Allying concerns of American business community and investors, Finance Minister Arun Jaitley has said that any decision which is retrospective and creates fresh liabilities is not acceptable.
Government asks top taxmen to ideate for widening tax base Government asks top taxmen to ideate for widening tax base The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.
CBDT asks I-T Dept to address taxpayers' grievances in time-bound manner CBDT asks I-T Dept to address taxpayers' grievances in time-bound manner In order to aggressively mitigate grievances of taxpayers, CBDT has asked the taxman to address rectification applications filed by affected assesses in a prompt and time-bound manner.
Service tax only in AC restaurants; effective rate 5.6% Service tax only in AC restaurants; effective rate 5.6% Restaurants, eating-joints or messes, which do not have the facility of air-conditioning or central-heating in any part of the establishment are exempt from service tax.
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