Cairn India gets $3.3 billion tax demand days after ex-parent contests own bill

Last Updated: Friday, March 13, 2015, 15:58

Cairn India Ltd, a unit of London-listed Vedanta Group Plc, said it received a demand of about 204 billion rupees ($3.26 billion) from the Indian tax office on Friday in relation to the 2007 listing of the company.

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.

Cairn files notice against India in $1.6 billion tax dispute

Last Updated: Wednesday, March 11, 2015, 16:17

The dispute notice was filed under the terms of a UK-India Investment Treaty, meaning the Indian government and Cairn will start negotiations to find a resolution to the dispute, Cairn said.

Direct tax collections up 10.67% in 11 mths of FY'15

Last Updated: Thursday, March 5, 2015, 15:03

Collection from direct taxes rose by 10.67 percent to Rs 6.12 lakh crore in the first 11 months of the current financial year in line with the revised Budget projections.

Govt has little room for tax concessions, says Sinha

Last Updated: Wednesday, March 4, 2015, 20:36

The government has a very little room for tax concessions, as India's tax-to-GDP ratio is very low in comparison to global average, Minister of State for Finance Jayant Sinha said Wednesday.

Regulatory blocks, tax environment concern for CFOs: Deloitte

Last Updated: Wednesday, February 25, 2015, 16:12

More than 70 per cent of over 100 CFOs surveyed by global consultancy Deloitte expect higher revenues as well as earnings in the next one year.

Inflation at record low due to decisive measures: President

Last Updated: Monday, February 23, 2015, 13:21

President Pranab Mukherjee today said inflation has fallen to a record low due to a number of decisive steps taken by the government and the economy is again on a high growth trajectory.

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.

Modi assures US of predictable and stable tax regime

Last Updated: Thursday, February 12, 2015, 19:58

Asserting that economic and financial cooperation between India and the US was an important pillar of their strategic ties, Prime Minister Narendra Modi today assured the US that his government was committed to provide predictable and stable tax regime and policies.

FM Jaitley hints at reform-packed Budget

Last Updated: Friday, February 6, 2015, 13:49

Ahead of the Budget, Finance Minister Arun Jaitley on Friday hinted at more reforms for faster economic growth and rationalisation of expenditure, saying the government does not believe in living on borrowed money.

Obama pitches for "simplicity" in regulatory, tax environment in India

Last Updated: Monday, January 26, 2015, 22:35

US President Barack Obama Monday sought "consistency" and "simplicity" in regulatory and tax environment in India besides redressal of issues relating to intellectual property rights to significantly increase trade and business between the world's two largest democracies.