On MAT, FPIs cut India play, take out Rs 12k cr in May

Last Updated: Sunday, May 10, 2015, 11:04

Things got worse in May as FPIs have withdrawn an estimated Rs 12,256.21 crore so far.

Rs 4,733 cr collected in taxes via Non-filer Monitoring System

Last Updated: Friday, May 8, 2015, 17:25

Government has collected Rs 4733.61 crore in taxes since 2013 through Non-filer Monitoring System that tracks large value financial transactions, including via credit cards.

Govt to press ahead with Rs 40,000 cr tax demand on FIIs: FM

Last Updated: Tuesday, April 14, 2015, 22:10

FM said that the demands pertain to tax related to earlier period and they wanted it to be waived.

Foreign investors cry foul over Indian tax surprise

Last Updated: Thursday, April 2, 2015, 18:40

US and European investor groups have called for the Indian government to urgently clarify its tax regime for foreigners, following surprise attempts by tax inspectors to claw back money they say is owed on years of previously untaxed gains.

Corporate tax arrears at over Rs 3.11 lakh crore as of Dec 2014

Last Updated: Friday, March 20, 2015, 19:29

Tax arrears from corporate houses stood at over Rs 3.11 lakh crore till December 2014, Parliament was informed on Friday.

MF houses want tax sops for pension products on lines of NPS

Last Updated: Thursday, March 19, 2015, 11:22

Mutual fund houses have said that tax benefits for retirement solutions should be provided on the lines of the New Pension System (NPS) as they are planning to enter pension funds sector in a big way.

India, Mauritius to work to avoid 'abuse' of DTAT: PM

Last Updated: Thursday, March 12, 2015, 16:21

India and Mauritius will work together to avoid the "abuse" of double taxation avoidance convention, Prime Minister Narendra Modi declared on Thursday, as the two countries agreed to push negotiations for a long pending revision of the treaty.

India, Mauritius agree to push forward negotiations on DTAT

Last Updated: Thursday, March 12, 2015, 10:42

India and Mauritius have agreed to push forward their negotiations for a long pending revision of Double Taxation Avoidance Treaty (DTAT), asserting that their objective is to prevent the "abuse" of the convention.

'Use research to weed out procedures encouraging corruption'

Last Updated: Friday, February 20, 2015, 23:26

A high-level government commission has suggested that tax department undertake regular and periodic review to identify and weed out procedures that lead to corruption in the department.

Sebi cracks whip on 1,800-cr tax evasion case

Last Updated: Friday, February 20, 2015, 21:25

Sebi imposed trading restrictions on 33 entities and suspended trading in one listed company.

CBDT sets up committee to simplify tax procedures

Last Updated: Thursday, February 12, 2015, 21:54

In yet another step to simplify tax procedures, CBDT has constituted a committee to redraft existing guidelines for undertaking write-off procedures in irrecoverable tax demand cases.

Govt meets 68.6% of indirect tax collection target in April-January

Last Updated: Thursday, February 12, 2015, 21:49

The government on Thursday said it has collected Rs 4.27 lakh crore, or 68.6 percent of budget target for indirect tax, in the April-January period of this fiscal.