India to raise import tax on natural rubber by 5% from June 1

Last Updated: Thursday, April 30, 2015, 19:16

India will raise import tax on natural rubber by 5 percent to 25 percent from June 1, Finance Minister Arun Jaitley told lawmakers on Thursday.

India to cut export tax on low-grade iron ore to 10% from 30%

Last Updated: Thursday, April 30, 2015, 18:09

India will cut the export tax on low-grade iron ore to 10 percent from 30 percent, Finance Minister Arun Jaitley said on Thursday, a move that will boost shipments of the steelmaking raw material from Goa.

Govt mulling high level panel on tax issues: Arun Jaitley

Last Updated: Sunday, April 26, 2015, 23:30

Seeking to contain the adverse fall out of MAT levy on foreign investors, Finance Minister Arun Jaitley today said the Indian government will set up a high- level committee to sort out the taxations issues of the past and make the system predictable.

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.

SEBI to raise headcount; to hire officers from tax depts

Last Updated: Sunday, April 12, 2015, 16:04

To beef up its surveillance and enforcement teams, capital markets regulator SEBI has decided to hire 50 officers this year, including on deputation from tax departments and other government institutions.

India moving towards internationally compatible tax regime: Jaitley

Last Updated: Friday, April 10, 2015, 23:29

India is in the process of reforming its taxation regime to make it internationally compatible and non-adversarial, Finance Minister Arun Jaitley said on Friday.

GST: State FMs to meet on May 7 in Kerala

Last Updated: Friday, April 10, 2015, 18:05

A consensus would be built among states for implementation of the Goods and Services Tax by April 2016 as there is no "obstinate opposition" from any state, said K M Mani, the newly selected Chairman of the Empowered Committee of State Finance Ministers.

Foreign investors cry foul over Indian tax surprise

Last Updated: Saturday, April 4, 2015, 12:39

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.

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.

Nokia may be allowed to sell Chennai mobile plant

Last Updated: Tuesday, March 24, 2015, 19:59

Government may allow Finnish telecom firm Nokia to sell its Chennai plant with a condition that the money realised will be kept in escrow account till final verdict is out on its Rs 21,000 crore tax dispute.

Cairn India shares slip as I-T Dept slaps Rs 20K cr tax demand

Last Updated: Friday, March 13, 2015, 19:31

Shares of Cairn India Ltd fell by as much as 3.5 percent as the Income Tax Department has slapped a Rs 20,495 crore tax demand on the company for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction about eight years ago.

Cairn India gets Rs 20,495 cr tax notice from I-T Department

Last Updated: Friday, March 13, 2015, 17:22

Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction about eight years ago.