No juniors, only senior I-T officials to depose before AAR: CBDT

Last Updated: Wednesday, August 19, 2015, 16:21

In order to present the revenue side more effectively in high-value and important cases before the AAR judicial forum, CBDT has decided to stop the practice of sending junior-level Income Tax officials to these hearings and has ordered their seniors to take up the task.

'FII tax liability to be much lower post DTAA benefits'

Last Updated: Sunday, April 26, 2015, 14:06

"The number of FIIs and the amount involved would come down substantially as many of them would be eligible for treaty benefits," a Finance Ministry source told PTI.

Offer for Nokia's Chennai plant very little: Tax dept to HC

Last Updated: Friday, April 24, 2015, 16:59

The Income Tax department on Friday told the Delhi High Court that the amount offered by an "arm's length buyer" for Nokia India's Chennai mobile making plant, frozen over an alleged Rs 10,000 crore tax dispute, is "very little".

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.

Govt reduces withholding tax on overseas corporate borrowings to 5%

Last Updated: Friday, September 21, 2012, 14:27

The cut in withholding tax to 5 percent seeks to lower the cost of foreign borrowings by the Indian companies.

Sales tax dues: Essar Oil secures Rs 5K-crore credit from 12 banks

Last Updated: Monday, July 23, 2012, 13:46

Essar Oil Ltd Monday said it has tied up Rs 5,000 crore loan to meet most of its Rs 6,169 crore sales tax dues to the Gujarat government.

Fin Min hits back, says Vodafone was aware of tax liability

Last Updated: Wednesday, April 25, 2012, 18:01

The Finance Ministry hit back at Vodafone's claim that it was not told of the tax liability on the Hutchison deal, saying that the British telecom giant was provided a copy of the notice.

No tax liability on P-Note holders: FM

Last Updated: Friday, March 30, 2012, 13:21

Setting at rest the uncertainty about overseas investments, Finance Minister Pranab Mukherjee on Friday said that persons investing in stock markets through participatory notes (P-Notes) will not have to pay taxes in India, an assurance that pushed up the markets.