taxation - Latest News on taxation | Read Breaking News on Zee News

India, Mauritius officials to revisit tax treaty tomorrow

Last Updated: Sunday, June 28, 2015, 14:53

The two-day talks between officials from both countries will start on June 29.

CBEC to popularise Settlement Commission for resolving tax disputes

Last Updated: Sunday, June 28, 2015, 12:15

The Central Board of Excise and Customs (CBEC) has asked its officials to encourage assessees facing notices to get tax disputes expeditiously resolved through the Settlement Commission mechanism.

PFRDA takes aim at NPS taxation, bats for level-playing field

Last Updated: Friday, June 26, 2015, 19:53

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday said tax treatment on the National Pension Scheme (NPS) is a dampener and the regulator will continue to fight for a level-playing field.

No taxman can terrorise assesses of scrutiny: CBDT chief

Last Updated: Wednesday, June 24, 2015, 15:54

Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic and devoid of any human intervention.

Govt to create permanent consultation mechanism to address investors' concerns: Jaitley

Last Updated: Wednesday, June 24, 2015, 12:20

Finance Minister Arun Jaitley on Wednesday said land, labour and taxation are three areas where reforms are absolutely necessary.

Address factors that generate black money: CEA

Last Updated: Tuesday, June 23, 2015, 16:07

Speaking about inflation, Subramanian said one solution to curb price rise could be to encourage people to keep their money in banks and not spend too much.

India in talks with Cyprus over tax info exchange

Last Updated: Tuesday, June 16, 2015, 21:03

India, which blacklisted Cyprus in 2013 for not sharing tax information under the treaty, is in dialogue with the island nation to resolve the issue, a top finance ministry official said on Tuesday.

Govt will have to forget direct tax of Rs 6.73 lakh crore

Last Updated: Monday, June 8, 2015, 13:31

A paper presented during the recently held All India Conference of Chief Income Tax Commissioners stated that the department might recover 19% of Rs 8 lakh crore. But there's a rider: even this is going to be a 'tough task'.

Retrospective tax issue needs quick-fix: Naina Lal Kidwai

Last Updated: Tuesday, May 26, 2015, 17:18

Seasoned banker Naina Lal Kidwai says the issue of minimum alternate tax needs to be tackled amicably and fast, even as she sees full convertibility of the rupee as a 10-year programme.

India, South Korea sign revised DTAA; to begin talks next year

Last Updated: Monday, May 18, 2015, 18:25

India and South Korea Monday signed a revised double taxation avoidance pact and agreed to begin talks from mid next year to widen the scope of free trade pact to boost bilateral economic cooperation.

Govt asks I-T to widen taxpayer base; include 25 lakhs new assesses every month

Last Updated: Tuesday, May 12, 2015, 17:15

Government has embarked on a plan to widen the country's taxpayer base and asked the Income Tax department to bring under its net at least 25 lakh new assesses each month during current financial year.

CBDT paid Rs 42,903 cr interest on tax refunds: CAG

Last Updated: Tuesday, May 12, 2015, 16:39

The tax department has incurred an expenditure of Rs 42,903 crore on interest payments on refunds during the 6-year period ended 2013-14 without approval of Parliament, official auditor CAG said on Tuesday.