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What is due must be paid, India no tax haven: FM Jaitley

Last Updated: Monday, April 6, 2015, 14:15

Finance Minister Arun Jaitley on Monday asserted that legitimate tax demand cannot be considered "tax terrorism" because India is not a tax haven.

Foreign firms likely to be allowed to claim deduction on DDT

Last Updated: Tuesday, February 10, 2015, 17:17

Some announcement in this regard is likely to be made by Finance Minister Arun Jaitley in his Budget on February 28, sources said.

Govt not to challenge transfer pricing rulings in Vodafone, other cases

Last Updated: Wednesday, January 28, 2015, 18:12

Wooing overseas investors, government Wednesday decided against challenging the Bombay High Court decision favouring Vodafone in the Rs 3,200 crore tax case and adopt a similar approach in transfer pricing litigations involving other MNCs like Shell.

Italy puts a brake on new tax bill after Berlusconi-related uproar

Last Updated: Monday, January 5, 2015, 08:53

Italy`s government halted an overhaul of tax laws on Sunday after a controversy erupted over whether the proposed measures might annul the 2012 tax fraud conviction of former leader Silvio Berlusconi.

FM has asked Voda its views on tax issue in writing: Official

Last Updated: Tuesday, December 10, 2013, 22:36

"Finance Minister P Chidambaram has asked Vodafone to give its view on the tax matter in writing," said the Finance Ministry official.

Mauritius, India agree to 'limitation of benefit' clause

Last Updated: Sunday, December 8, 2013, 14:27

While specific details of this clause in the India-Mauritius tax treaty are being ironed out, LoB clauses are typically aimed at preventing 'treaty shopping' or inappropriate use of tax pacts by third-country investors.

'India needs stable tax environment to attract investments'

Last Updated: Sunday, November 24, 2013, 13:42

Amid rising concerns on the protection of tax base by countries across the world, a white paper by CII-EY has suggested that the Indian government provide a stable tax environment and simplify procedures in sync with global practices.

India fully compliant with global tax laws; Cyprus, 3 others fail test

Last Updated: Sunday, November 24, 2013, 12:43

A worldwide crackdown on illicit funds has left just four jurisdictions -- Cyprus, Luxembourg, Seychelles and British Virgin Islands -- non-compliant with global tax laws, while India has emerged as 'fully compliant'.

Don't use retro amendment of tax laws to raise revenue: Shome

Last Updated: Wednesday, November 20, 2013, 22:45

He is also the chairman of the Tax Administration Reform Commission and was speaking at a CII event here.

Shome against retro amendment of tax laws to raise revenue

Last Updated: Monday, October 21, 2013, 16:32

Amid long-pending dispute between Vodafone and tax authorities, Finance Minister's advisor Parthasarathi Shome on Monday said the government should not go in for retrospective amendment of tax laws to raise revenue.

Kitty Steels MD arrested, fined Rs 10,000 for IT Act violation

Last Updated: Friday, September 27, 2013, 13:41

The Revenue Department on Friday said the Managing Director of Hyderabad-based Kitty Steels Ltd has been fined Rs 10,000 along with three months of imprisonment for violation of income tax laws.

US recognises same sex marriage under tax laws

Last Updated: Friday, August 30, 2013, 09:17

The US Department of Treasury has recognised gay marriage under the tax laws, giving equal tax benefits to legally married same-sex couples like their heterosexual counterparts.