Arun Jaitley promises global investors 'fairest, predictable' tax regime

Last Updated: Monday, September 14, 2015, 17:16

Finance Minister Arun Jaitley Monday assured global investors of the "fairest and predictable taxation regime" as he invited them to invest in various sectors, including infrastructure, manufacturing and defence.

Income Tax refunds to be sent to taxpayers in 7-10 days

Last Updated: Sunday, September 13, 2015, 17:20

The department’s Central Processing Centre (CPC) as on September 7 processed 45.18 lakh returns and issued refunds to 22.14 lakh tax payers relating to assessment year 2015-16.

State FMs to meet on Sep 15 to finalise model GST legislations

Last Updated: Sunday, September 13, 2015, 12:04

"The September 15 meeting of the Empowered Committee will discuss the model draft legislations that will be needed for implementing GST," an official said.

Policymakers need to change regulatory mindset: FM Jaitley

Last Updated: Saturday, September 12, 2015, 20:36

Finance Minister Arun Jaitley on Saturday said policymakers need to change their regulatory mindset asserting that role of state should be minimised and government monopoly must end wherever possible.

Congress cannot 'derail' GST: FM Jaitley

Last Updated: Friday, September 11, 2015, 15:49

Jaitely said the country's politics was getting polarised between those who want India to grow and those who want to block it.

Present indirect taxation system complete mess: Arun Jaitley

Last Updated: Friday, September 11, 2015, 00:02

Union Finance Minister Arun Jaitley Thursday said the present indirect taxation system is in a "complete mess" and sought support of political parties and state governments for implementation of Goods and Service Tax reform.

Corporate tax exemptions with sunset clauses may not be renewed

Last Updated: Thursday, September 10, 2015, 19:54

In order to phase out exemptions and move to lower corporate tax rate, the CBDT is considering not to renew tax exemptions after expiry of sunset clause.

Apple unit underpaid $71 mn in tax in 2013: China

Last Updated: Thursday, September 10, 2015, 18:44

A China unit of U.S. tech giant Apple Inc underpaid taxes in 2013 by 452 million yuan ($71 million), according to a report from the country`s finance ministry, which comes as China toughens its stance on tax payments by foreign firms.

I-T dept receives 2 crore returns on e-filing portal till Sept 7

Last Updated: Thursday, September 10, 2015, 17:58

The income tax department has received 2.06 crore returns, up 26.12 percent, on its e-filing portal as of September 7 - the last day for filing the returns by individuals.

Indirect tax collections grow 36.5% to Rs 2.63 lakh crore

Last Updated: Wednesday, September 9, 2015, 19:18

Indirect tax collections rose 36.5 percent in April-August to over Rs 2.63 lakh crore, suggesting that the underlying momentum in the economy is strong, the Finance Ministry said Wednesday.

Government retreats on parliament plan for GST

Last Updated: Wednesday, September 9, 2015, 14:44

The government has given up plans to reconvene a parliament session to secure approval for a common goods and services tax (GST) because of lack of political support, Finance Minister Arun Jaitley said on Wednesday, making it harder to meet an April 2016 deadline to implement the reform.