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".

Nokia tax appeal dismissed, co says disappointed with decision

Last Updated: Friday, May 31, 2013, 18:46

The company said it is examining all options, including going to Delhi High Court.

I-T finds 'prima facie defaults' by Nokia in TDS deductions

Last Updated: Wednesday, January 9, 2013, 21:53

"Some more clarifications have been sought from the executives of the company," an I-T release said.

Govt may enhance tax deduction for home loans in Budget

Last Updated: Friday, February 17, 2012, 15:13

In a bid to boost housing sector credit, the government is contemplating to enhance income tax exemption for up to Rs 3 lakh paid as interest on housing loans in a year, from the existing limit of Rs 1.5 lakh.