FM Jaitley still wants Goods and Services Tax by April 2016

Last Updated: Wednesday, September 9, 2015, 09:48

Addressing an economic conference, Jaitley said the current global economic situation presented an opportunity for India. It was important, he added, to stay on the path of reform and build momentum to achieve a higher level of growth.

Swiss govt discloses new name in India's black money probe

Last Updated: Tuesday, September 8, 2015, 19:48

In a fresh disclosure on suspected black money cases being probed by tax authorities in India, Switzerland on Tuesday said it has received request for information about Indore-based textiles firm Neo Corp International Ltd.

China scraps dividend tax for long-term investors

Last Updated: Tuesday, September 8, 2015, 18:15

Chinese investors holding a stock for more than one year will be exempted from a 5-percent dividend tax from Tuesday, a move aimed at boosting long term investment following recent stock market collapse in the world's second biggest economy.

Government to adhere to FY16 fiscal deficit target: StanChart

Last Updated: Tuesday, September 8, 2015, 13:51

Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.

Hurry! Last day for E-filing of I-T return today

Last Updated: Monday, September 7, 2015, 10:46

The Central Board of Direct Taxes (CBDT) had extended the deadline to September 7, i.e today. So, if you haven't e-filed your income tax return yet, then hurry and fill it right now.

Black money: Upto Rs 15 lakh award for info against defaulters

Last Updated: Sunday, September 6, 2015, 14:49

The new guidelines have been issued by the CBDT keeping in mind the huge challenge of tackling black funds in the country and at the same time boosting the revenue kitty.

Blackmoney: Upto Rs 15 lakh award for info against defaulters

Last Updated: Sunday, September 6, 2015, 14:49

The new guidelines have been issued by the CBDT keeping in mind the huge challenge of tackling black funds in the country and at the same time boosting the revenue kitty.

Service Tax Dept to focus on 5 evasion prone sectors

Last Updated: Sunday, September 6, 2015, 11:04

"With a view to improve collection, the Service Tax department has prepared sector specific profile of five sectors which are prone to evasion," a senior official told PTI.

EU loses 168 billion euros in sales tax fraud, errors

Last Updated: Friday, September 4, 2015, 22:40

EU countries lost 168 billion euros (USD 187 billion) in sales-tax revenue in 2013 mostly due to fraud and errors, the European Commission said on Thursday.

FM Jaitley promises ease of doing biz, tax reforms

Last Updated: Friday, September 4, 2015, 18:31

The Finance Minister said India has benefited significantly from the decline in global oil prices.

Fresh trouble for Sahara Group; SC seeks reply on I-T return notice

Last Updated: Friday, September 4, 2015, 14:02

In what could spell fresh trouble for Sahara chief Subrata Roy, the Supreme Court has asked the company to reply to the notice sent by Income Tax department.