Will flight fares come down as Jet fuel price slashed by 11.7%?

Last Updated: Tuesday, September 1, 2015, 12:55

Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 5,469.12 per kilolitre (kl), or 11.7 percent, to Rs 40,938.24 per kl, oil companies announced on Tuesday.

Govt asks RBI to reverse I-T deductions of Telangana

Last Updated: Monday, August 31, 2015, 23:04

Finance Ministry Monday asked RBI to reverse the Rs 1,274.21 crore income tax deductions it had made from the account of Telangana government saying the action was not in consonance with the "Principle of Cooperative Federalism".

Hope "good sense" prevails on Cong over GST Bill: Sitharaman

Last Updated: Monday, August 31, 2015, 22:53

The Centre, which was forced to back track on land bill issue, today expressed confidence that its key reform measure GST will not meet the same fate hoping "good sense" prevails on the main Opposition party Congress on the issue.

India, Germany agree to enhance tax info sharing, revise DTAA

Last Updated: Friday, August 28, 2015, 15:57

India and Germany have agreed to enhance exchange of tax-related information and revise the bilateral tax pact, the final version of which would be ready by September 2015, Finance Ministry said Friday.

Textiles Ministry pushes for lowest GST slab for industry

Last Updated: Wednesday, August 26, 2015, 23:04

The textiles ministry is making out a case for keeping the industry in the lowest slab of the proposed Goods and Services Tax (GST) and has made a pitch for the same to the Finance Minister.

Black money window: More disclosures likely towards Sept-end

Last Updated: Wednesday, August 26, 2015, 22:58

The government expects the number of disclosures about unaccounted overseas wealth under the black money window to go up in the last few weeks of the compliance period, which ends on September 30.

IT Dept suspects Rs 400-cr tax evasion on cap gains in Maharashtra

Last Updated: Wednesday, August 26, 2015, 22:50

The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Maharashtra where tax of around Rs 400 crore was evaded.

Govt can spend Rs 37,200-cr more and still meet deficit target

Last Updated: Wednesday, August 26, 2015, 22:49

The government can spend an additional Rs 37,200 crore more this fiscal year in infra investments or bank recapitalisation and still not miss the 3.9 percent fiscal deficit target, the domestic ratings agency India Ratings said in a report Wednesday.

Power Grid to seek shareholders nod to raise Rs 14,000 crore

Last Updated: Wednesday, August 26, 2015, 18:35

State-owned utility Power Grid Wednesday said it will seek shareholders' approval next month to raise up to Rs 14,000 crore from domestic and external sources during the fiscal 2016-17.

CBEC must aim at 22% growth in service tax collection: Das

Last Updated: Monday, August 24, 2015, 23:15

Concerned over low service tax realisation, Revenue Secretary Shaktikanta Das Monday asked the CBEC (Customs, Central Excise and Service Tax) to analyse revenue mop-up sectorally and ensure that it grows by 20-22 percent in the fiscal.

Govt may soon come out with circular on relief to FIIs on MAT

Last Updated: Monday, August 24, 2015, 22:25

The Revenue Department may soon come out with a circular on providing relief to FIIs from the minimum alternate tax (MAT) with retrospective effect.

Arun Jaitley stands firm, says GST Bill will soon see light of day

Last Updated: Monday, August 24, 2015, 21:57

Finance Minister Arun Jaitley Monday said the Constitution Amendment Bill to roll out Goods and Services Tax will soon see the light of day and the Revenue Department is getting ready with three Bills to ensure its implementation.