Last Updated: Monday, August 24, 2015, 21:57
Finance Minister Arun Jaitley Monday said the Constitution Amendment Bill to roll out Goods and Services Tax will soon see the light of day and the Revenue Department is getting ready with three Bills to ensure its implementation.
Last Updated: Sunday, May 24, 2015, 20:25
Finance Minister Arun Jaitley will on Monday address tax commissioners and director generals of income tax at their annual conference here that will deliberate, among other things, on strategies for providing a non-adversarial tax regime.
Last Updated: Sunday, May 24, 2015, 18:05
The Income Tax department has decided to use technical intelligence and pay special focus on tier-II cities like Jaipur, Surat and Lucknow among others, to bring more and more people living in these "progressive" cities under the tax net.
Last Updated: Monday, May 18, 2015, 18:25
India and South Korea Monday signed a revised double taxation avoidance pact and agreed to begin talks from mid next year to widen the scope of free trade pact to boost bilateral economic cooperation.
Last Updated: Monday, January 20, 2014, 20:52
"27 persons have been arrested all over the country for evading service tax. These arrests were made between August 2013 to January 14, 2014 period after the government got the power to crack the wip on service tax evaders.
Last Updated: Monday, December 30, 2013, 16:06
The Voluntary Compliance Encouragement Scheme (VCES), which came into effect from May 10, allows a service tax defaulter to pay dues without any penalty or late payment charges.
Last Updated: Friday, December 27, 2013, 23:28
All offices handling service tax will remain open Saturday as well as the day after (Sunday) to avoid last minute for rush those who want to avail the benefit of one time service tax amnesty scheme.
Last Updated: Sunday, December 22, 2013, 11:17
Excise collection dropped 5.1 percent during the period to over Rs 1,03,629 crore, against Rs 1,09,180 crore in the same period in the last fiscal year, reflecting slump in manufacturing activity.
Last Updated: Wednesday, November 27, 2013, 20:24
Assessees paying excise duty and service tax of Rs 1 lakh will have to mandatorily pay the levies electronically with effect from January.
Last Updated: Tuesday, November 26, 2013, 23:27
Cautioning tax evaders, Finance Minister P. Chidambaram Tuesday said the central government was in a position to trace defaulters by constructing their full profile and possessed dossiers on them.
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.
Last Updated: Sunday, November 24, 2013, 13:39
All Swiss banks put together managed assets totalling 5.57 trillion Swiss francs (over Rs 383 lakh crore) at the end of 2012, out of which 51 percent came from abroad, after an increase of over six percent during the year.
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