Shah panel's recommendation on MAT positive for market: Sinha

Last Updated: Saturday, August 22, 2015, 16:13

Union Minister of State for Finance Jayant Sinha on Saturday said the A P Shah Committee's recommendation to grant relief to FIIs on Minimum Alternate Tax (MAT) will be a positive for the market.

India may waive retrospective MAT tax on foreign investors

Last Updated: Saturday, August 22, 2015, 12:20

Although MAT has been applied to domestic companies to ensure a minimum tax payment, it had never been imposed on foreign institutional investors (FIIs).

Efforts on to streamline scrutiny process of I-T cases: Govt

Last Updated: Thursday, August 20, 2015, 21:50

As part of government's efforts to create business friendly tax environment in the country, the Centre will soon come out with guidelines to streamline the process of scrutiny of income tax cases, a top official said Thursday.

How to get new PAN card online....

Last Updated: Wednesday, August 19, 2015, 17:05

You can apply for New PAN card by filing an online Form 49A through the website of the Income Tax Pan Services Unit.

Govt plans to make PAN universal

Last Updated: Wednesday, August 19, 2015, 14:35

The government will soon launch a facility under which a PAN card will be issued to all citizens, as per media reports.

HC extends stay on proceedings against Subrata Roy in IT case

Last Updated: Tuesday, August 18, 2015, 18:03

Delhi High Court Tuesday extended till November 27 the stay on trial court proceedings against Sahara chief Subrata Roy, now in Tihar Jail, in an income tax case for allegedly not filing returns for a group company for the assessment year 2013-14.

CBDT constitutes committee to fine tune transfer policy

Last Updated: Sunday, August 16, 2015, 20:42

In view of largescale cadre restructuring being effected in the Income Tax department recently, the CBDT has constituted a committee to review the existing transfer and posting policy in the organisation.

India may take up setting up of ITOU in UAE during Modi visit

Last Updated: Friday, August 14, 2015, 15:45

The pending issue of setting up Income Tax Overseas Unit (ITOU) at UAE may be taken up during Prime Minister Narendra Modi's visit to the gulf nation on August 16-17.

Cairn seeks quick resolution to tax row

Last Updated: Wednesday, August 12, 2015, 15:49

As the government grapples with its arbitration notice against a Rs 10,247 crore tax demand, British oil explorer Cairn Energy has said a quick judicial resolution to the issue will help restore confidence of retrospective tax-rattled international investors.

Govt assures 'full confidentiality' under black money window

Last Updated: Monday, August 10, 2015, 20:33

This is in contrast to the Das' statement last week, where he had said that the information provided during the one-time compliance window can be revealed in the public interest.

Govt notifies changes in I-T rules to comply with FATCA pact

Last Updated: Sunday, August 9, 2015, 11:49

The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.

Black money: Names can be revealed in public interest, says govt

Last Updated: Tuesday, August 4, 2015, 22:07

Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.