IT Dept suspects Rs 400-cr tax evasion on cap gains in Maharashtra

Last Updated: Wednesday, August 26, 2015, 22:50

The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Maharashtra where tax of around Rs 400 crore was evaded.

First set of tax sop phase-out in public domain soon: Jaitley

Last Updated: Sunday, August 23, 2015, 18:22

Finance Minister Arun Jaitley Sunday said a discussion paper on first set of tax exemptions to be phased out would be put in the public domain shortly.

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.

Middle class woes to continue, wholesale onion price shoots up to Rs 57 per kg

Last Updated: Saturday, August 22, 2015, 13:32

In the price-sensitive Delhi market and some other parts of the country, retail onion price has shot up to Rs 80 per kg.

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).

Onion price rises to Rs 54 per kg at Lasalgaon

Last Updated: Friday, August 21, 2015, 15:39

Onion prices at Lasalgaon in Maharashtra -- Asia's biggest wholesale market for onions -- today touched Rs 54 per kg, the highest so far this year, due to tight supply of the crop.

MMTC floats tender for import of 10,000 tonnes onion

Last Updated: Friday, August 21, 2015, 14:25

State-run MMTC has invited bids from global suppliers for import of 10,000 tonnes onion from countries like Pakistan, Egypt, China and Afghanistan to boost domestic supply and check price rise.

Middle-class budget goes haywire, onion prices shoot up by Rs 30 in 10 days

Last Updated: Friday, August 21, 2015, 11:43

Onion prices are hardening due to the fall in production and sluggish supply of stored onions, which are meant for meeting demand during July-September.

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.