Bad elements in tax dept to be dealt with: Revenue secy

Last Updated: Tuesday, September 1, 2015, 15:30

Promising just and fair decision in all tax matters, the new Revenue Secretary Hasmukh Adhia today said "bad elements" in the tax department will be identified and "taken care of" so that they don't spoil the investment climate.

No intention of banning P-Notes overnight: Rev Secy

Last Updated: Thursday, August 20, 2015, 19:30

Clearing the air on P-Notes, Revenue Secretary Shaktikanta Das Thursday said the government has no intention of banning these financial instruments overnight and it is examining how to improve the disclosures.

Govt to hold consultations on P-notes, no decision yet: Revenue Secretary

Last Updated: Monday, July 27, 2015, 11:09

The Supreme Court-appointed SIT on black money last week recommended a host of measures, including suggesting the securities regulator SEBI to tighten norms related to participatory notes investments into India.

'Compliance window not revenue mobilisation measure'

Last Updated: Sunday, July 5, 2015, 14:42

The one-time compliance window provided to undisclosed foreign asset holders to come clean under the black money law is not a revenue mobilisation exercise, Revenue Secretary Shaktikanta Das has said.

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.

Revenue Secretary meets Shah; tax experts to be part of panel on MAT

Last Updated: Friday, May 8, 2015, 18:02

Revenue Secretary Shaktikanta Das met Law Commission Chairman Justice Shah on Friday in this regard, sources said.

'Compliance window on black money will be for a few months'

Last Updated: Sunday, April 19, 2015, 13:16

Asked how long the compliance window would be, he said: "It has to be a matter of a few months. It's a matter on which the government is yet to take a decision."

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.

Bill on black money likely in ongoing Parliament session: Revenue Secretary

Last Updated: Wednesday, March 11, 2015, 15:54

Government is likely to bring a new law on black money during the ongoing Parliament session to effectively deal with the menace, Revenue Secretary Shaktikanta Das said on Wednesday.

Black money: Govt dismisses reports over voluntary disclosure of overseas accounts

Last Updated: Saturday, March 7, 2015, 20:49

Government on Saturday dismissed reports that there will be no prosecution of black money holders if they come forward and make a declaration of their overseas accounts before 2017.

GST will transform India's fiscal architecture: Jayant Sinha

Last Updated: Thursday, March 5, 2015, 17:26

The GST roll out will prove to be a revolutionary step and has potential to transform the "fiscal architecture" of the government, Minister of State for Finance Jayant Sinha said today.

Govt optimistic about GST roll out from April 2016: Rev Secy

Last Updated: Thursday, March 5, 2015, 16:17

The government is confident of rolling out the much-awaited Goods and Services Tax (GST), which aims at creating a single tax for goods and services across the country, from April 1, 2016, a top finance ministry official said.