Corporate tax arrears at over Rs 3.11 lakh crore as of Dec 2014

Last Updated: Friday, March 20, 2015, 19:29

Tax arrears from corporate houses stood at over Rs 3.11 lakh crore till December 2014, Parliament was informed on Friday.

MF houses want tax sops for pension products on lines of NPS

Last Updated: Thursday, March 19, 2015, 11:22

Mutual fund houses have said that tax benefits for retirement solutions should be provided on the lines of the New Pension System (NPS) as they are planning to enter pension funds sector in a big way.

India, Mauritius to work to avoid 'abuse' of DTAT: PM

Last Updated: Thursday, March 12, 2015, 16:21

India and Mauritius will work together to avoid the "abuse" of double taxation avoidance convention, Prime Minister Narendra Modi declared on Thursday, as the two countries agreed to push negotiations for a long pending revision of the treaty.

India, Mauritius agree to push forward negotiations on DTAT

Last Updated: Thursday, March 12, 2015, 10:42

India and Mauritius have agreed to push forward their negotiations for a long pending revision of Double Taxation Avoidance Treaty (DTAT), asserting that their objective is to prevent the "abuse" of the convention.

Singapore raises taxes on rich to fund rising social spending

Last Updated: Monday, February 23, 2015, 18:25

Singapore on Monday announced income tax rises for the top five percent of the population to fund rising social spending targeted at the poor and elderly in the rapidly ageing city-state.

HSBC bank says annual net profits sink 15% to $13.7bn

Last Updated: Monday, February 23, 2015, 14:25

Troubled global bank HSBC said Monday that net profits fell 15 percent last year, hit by fines and mis-selling compensation, and apologised again over tax-dodging claims at its Swiss division.

'Use research to weed out procedures encouraging corruption'

Last Updated: Friday, February 20, 2015, 23:26

A high-level government commission has suggested that tax department undertake regular and periodic review to identify and weed out procedures that lead to corruption in the department.

Sebi cracks whip on 1,800-cr tax evasion case

Last Updated: Friday, February 20, 2015, 21:25

Sebi imposed trading restrictions on 33 entities and suspended trading in one listed company.

Treat NBFCs at par with banks on taxation front, says CII

Last Updated: Wednesday, February 18, 2015, 21:22

Ahead of the budget, industry body CII Wednesday demanded that non-banking financial companies be treated at par with banks for taxation purposes in order to promote balanced development of the financial sector.

Industry seeks reform in tax rules for investment trusts

Last Updated: Sunday, February 15, 2015, 19:55

With the union budget coming up Feb 28, the Confederation of Indian Industry (CII) Sunday said it should focus on stability and certainty in taxation towards encouraging the growth of investment trusts.

CBDT sets up committee to simplify tax procedures

Last Updated: Thursday, February 12, 2015, 21:54

In yet another step to simplify tax procedures, CBDT has constituted a committee to redraft existing guidelines for undertaking write-off procedures in irrecoverable tax demand cases.

Govt meets 68.6% of indirect tax collection target in April-January

Last Updated: Thursday, February 12, 2015, 21:49

The government on Thursday said it has collected Rs 4.27 lakh crore, or 68.6 percent of budget target for indirect tax, in the April-January period of this fiscal.