BSE wants exemption to go to check tax evasion through stocks

Last Updated: Friday, July 17, 2015, 12:37

To prevent money laundering and tax evasion through misuse of securities markets, leading stock exchange BSE has suggested removal of the long-term capital gains tax on transactions in stocks.

End capital gains tax exemption to curb money laundering: BSE

Last Updated: Thursday, July 9, 2015, 23:58

The Bombay Stock Exchange (BSE) Thursday called for ending exemption of capital gains tax on securities to contain various entities using capital markets to evade taxes and launder money.

Fitch warns of foreign funds exodus over retro tax

Last Updated: Saturday, May 9, 2015, 13:47

The data furnished by the National Securities Depository Limited (NSDL) showed that FPIs pumped-in only Rs 18.77 crore or USD 3.01 million into primary and other markets for the week under review.

Govt won't yield to foreign investors' demand for tax waiver

Last Updated: Tuesday, April 21, 2015, 16:33

The government will not yield to the demand of foreign portfolio investors for a tax waiver on capital gains of previous years, a top finance ministry official told reporters on Tuesday.

India to have more modern, friendly tax regime: Jaitley

Last Updated: Friday, April 17, 2015, 03:52

Having initiated a series of administration and legislative reforms, India is on its way to have a more modern and friendly tax system, Union Finance Minister Arun Jaitley has said.

Indian government signals it won't intervene for now in foreign tax row

Last Updated: Friday, April 17, 2015, 02:02

Foreign investors should not look to the Indian government for now to provide relief from a ruling requiring them to pay taxes on years of previously untaxed capital gains, Indian Finance Minister Arun Jaitley said on Thursday.

Cairn India takes authorities to court over $3.3 billion tax demand

Last Updated: Tuesday, April 7, 2015, 10:29

Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a USD 3.3 billion tax demand from Indian authorities related to its listing in 2007.

MF industry may see several mergers of schemes in coming weeks

Last Updated: Tuesday, March 3, 2015, 14:39

The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.

WoS of foreign banks to be exempt from capital gains tax: RBI

Last Updated: Tuesday, November 26, 2013, 19:36

The Reserve Bank on Tuesday said that conversion of existing foreign bank branches into wholly owned subsidiaries in India will neither attract any capital gains tax nor stamp duty.

CCEA gives nod for Rs 182 cr grant to Heavy Engineering Corp

Last Updated: Friday, September 20, 2013, 14:40

The government on Friday approved a grant of Rs 182 crore to state-owned Heavy Engineering Corporation for meeting its capital gains tax liability.

Budget sparks confusion over treatment of some foreign funds

Last Updated: Friday, March 1, 2013, 13:31

A day after worries over some budget proposals, notably on tax on capital gains made from investments routed through Mauritius and similar tax havens, doubts still remained, causing nervousness in the markets.