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Corporate tax exemptions with sunset clauses may not be renewed

Last Updated: Thursday, September 10, 2015, 19:54

In order to phase out exemptions and move to lower corporate tax rate, the CBDT is considering not to renew tax exemptions after expiry of sunset clause.

List of tax exemptions to be phased out in few days: Arun Jaitley

Last Updated: Wednesday, September 9, 2015, 11:49

The minister also said measures to protect domestic steel sector from dumping by overseas manufacturers are being examined.

Govt to provide roadmap for ending corporate tax exemptions in 45 days

Last Updated: Wednesday, July 1, 2015, 10:51

A road map to eliminate all tax exemptions and incentives for corporates will be unveiled in the next 45 days as a prelude to lowering of corporate tax rate to 25 percent over a four-year period, Revenue Secretary Shaktikanta Das Wednesday said.

India Inc hails Modi government's one-year performance

Last Updated: Friday, May 22, 2015, 20:22

India Inc on Friday hailed Narendra Modi-led government's performance in past one year, saying the focus on non-adversarial, corruption-free and predictable policy regime has buoyed investor sentiment.

Jaitley promises better tax regime for companies

Last Updated: Friday, May 22, 2015, 16:21

Jaitley acknowledged that there was a risk of "cutting it too fine" but said the government would "make every effort to ensure that there is no delay".

Jaitley promises better tax regime for companies

Last Updated: Friday, May 22, 2015, 14:10

"We must ... remove discretion, phase out exemptions and bring the effective rate down to global levels," Jaitley said.

Rs 4.85 lakh crore tax due from corporates

Last Updated: Wednesday, April 29, 2015, 00:16

Corporates owed over Rs 4.85 lakh crore to the government as outstanding dues under direct and indirect taxes towards the end of the last fiscal, parliament was told on Tuesday.

Tax dues from companies at Rs 4.85 lakh crore: Finance Ministry

Last Updated: Tuesday, April 28, 2015, 15:43

Corporates owed over Rs 4.85 lakh crore approximately to the exchequer as outstanding tax demands, under direct and indirect taxes, towards the end of fiscal 2014-15, Parliament was informed on Tuesday .

I-T Dept publishes list of 31 big tax defaulters

Last Updated: Wednesday, April 15, 2015, 21:06

Moving ahead with its strategy of 'naming and shaming' large tax defaulters, the Income Tax department on Wednesday came out with a list of 31 defaulters who owe over Rs 1,500 crore to the government.

MAT to become irrelevant after corporate tax comes down to 25%

Last Updated: Wednesday, April 1, 2015, 21:12

The Minimum Alternative Tax (MAT) will become irrelevant with removal of tax incentives and reduction in corporate tax rate to 25 percent over next four years, Revenue Secretary Shaktikanta Das said.

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.

Budget to create enablers for Make-in-India focus

Last Updated: Monday, March 2, 2015, 17:47

This year's Union budget contains policy directions which are favourbale for the Centre's Make-In-India initiave.