Last Updated: Saturday, January 5, 2013, 15:35
The Revenue Department has sent a reminder notice to British telecom major Vodafone to pay taxes, estimated at around Rs 11,200 crore, for its acqusition of Hutchison's stake in 2007.
Last Updated: Friday, January 4, 2013, 23:12
The Revenue Department has exempted tax deduction at source (TDS) on certain payments like, bank guarantee commission and charges for warehousing services for commodities, to reduce compliance burden on businesses.
Last Updated: Thursday, December 27, 2012, 13:44
Controversy generated by retrospective tax amendment to bring into net Vodafone-type deals and concerns over implementation of GAAR kept the Revenue Department busy throughout the year amid expectations that the government will resolve them in the coming year.
Last Updated: Sunday, December 9, 2012, 14:27
In the run-up to the Budget, Revenue Department will hold consultations with top industry bodies this week to work out tax proposals for 2013-14 to promote growth and boost economy.
Last Updated: Tuesday, November 20, 2012, 14:06
Kingfisher Airlines, which has been making losses since its inception in 2005, owes more than Rs 200 crore in taxes to the government.
Last Updated: Friday, September 7, 2012, 00:17
The Revenue department Thursday said it will soon come out with accounting standards for the real estate sector to bring about uniformity in reporting of financial results.
Last Updated: Thursday, September 6, 2012, 23:26
The Revenue department on Thursday said it will soon come out with accounting standards for the real estate sector to bring about uniformity in reporting of financial results.
Last Updated: Saturday, September 1, 2012, 11:39
Two Revenue Dept officials were suspended for their alleged role in preparation of forged documents in implementation of a centrally funded scheme.
Last Updated: Wednesday, August 29, 2012, 21:38
The Revenue Department on Wednesday said government institution or local authority offering vocational educational courses (VEC) won't have to pay service tax.
Last Updated: Monday, August 27, 2012, 17:27
As many as 267 Revenue department officers faced CBI raids and investigations in the last three years for their alleged involvement in corruption.
Last Updated: Wednesday, July 18, 2012, 18:51
The service tax department can take Kingfisher to court under Section 76 and 78 of the Finance Act. Under the provisions of the Act, the CBEC can charge up to 200 percent of the tax evaded as penalty.
Last Updated: Saturday, July 14, 2012, 14:29
Three members of a family were locked inside their house for two days after it was allegedly sealed by revenue dept officers over non-payment of dues.
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