Some tax deductors not depositing TDS: I-T Dept

Last Updated: Tuesday, May 12, 2015, 13:21

The Income Tax Department has taken note of some tax deductors not depositing TDS in the government account after deducting the same from specified payments.

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Things got worse in May as FPIs have withdrawn an estimated Rs 12,256.21 crore so far.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

CBDT to settle foreign funds' claims within a month

Last Updated: Monday, April 27, 2015, 19:06

The Income Tax department has directed its officers that cases of foreign institutional investors (FIIs) seeking tax exmption under the Double Taxation Avoidance Agreements (DTAAs) with other countries must be decided within a month of claim filing.

Govt mulling high-level panel on tax issues: FM Jaitley

Last Updated: Monday, April 27, 2015, 14:37

India plans to set up a high-level committee to sort out taxation issues of the past and make the system predictable, Finance Minister Arun Jaitley has said.

'FII tax liability to be much lower post DTAA benefits'

Last Updated: Sunday, April 26, 2015, 14:06

"The number of FIIs and the amount involved would come down substantially as many of them would be eligible for treaty benefits," a Finance Ministry source told PTI.

CBDT to settle FII tax claims under DTAAs in a month

Last Updated: Friday, April 24, 2015, 23:08

Seeking to quickly resolve the controversial tax issue facing foreign portfolio investors, the CBDT on Friday said all claims coming under the ambit of DTAAs will be settled within a month of being filed.

'Misadventure' of retrospective taxation will be costly: FM Jaitley

Last Updated: Saturday, April 18, 2015, 12:51

Ruling out the use of retrospective taxation by the present administration, Finance Minister Arun Jaitley has said a permanent law in this regard is not possible and the cost would be "too heavy" if any future government indulges in such a "misadventure".

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.

Govt creating environment conducive to investments: FM Jaitley

Last Updated: Friday, March 27, 2015, 19:04

The government, he said, is focusing on "quick and effective decision making", as the country needs huge amount of investments.

Need for easing entry barriers for MNCs to boost growth: FM

Last Updated: Saturday, March 21, 2015, 15:27

Finance Minister Arun Jaitley on Saturday said there is a need to ease entry barriers for global corporates and ensure stability in taxation policies to sustain high growth and eradicate poverty.