India Inc cheers corporate tax cut, wealth tax abolition

Last Updated: Saturday, February 28, 2015, 19:42

India Inc on Saturday cheered the road map for lowering corporate taxation, abolition of wealth tax and steps to check black money menace, while calling the Union Budget a "visionary" document.

Net direct tax collection up 13.7% till Dec 20 in FY'14

Last Updated: Saturday, December 21, 2013, 15:39

Amidst a slowdown in the economy, the net direct tax collection has risen by 13.7 percent to Rs 4.12 lakh crore till December 20 of current fiscal.

Direct tax mop-up up 13.27% in Apr-Jul to Rs 1.57 lakh crore

Last Updated: Wednesday, August 7, 2013, 15:37

Gross direct tax collections rose 13.27 percent to Rs 1.57 lakh crore in the April-July period.

Wealth tax rollback historic: Bhupinder Singh Hooda

Last Updated: Tuesday, April 30, 2013, 22:54

Describing the Centre`s decision of not imposing wealth tax as historic, Haryana Chief Minister Bhupinder Singh Hooda today said it will benefit the farming community in long run.

SAD-BJP pressure forced withdrawal of farm wealth tax: Badal

Last Updated: Tuesday, April 30, 2013, 20:40

The Centre`s move to withdraw the proposed wealth tax on agricultural land was an outcome of the relentless pressure mounted by the SAD-BJP alliance, Punjab Chief Minister Parkash Singh Badal said on Tuesday.

No wealth tax on farm land: Finance Minister

Last Updated: Tuesday, April 30, 2013, 18:30

Finance Minister P Chidambaram Tuesday ruled out levying wealth tax on agriculture land and roll back of the duty hike on SUVs but relaxed residency norms for investors from countries like Mauritius for the purpose of tax benefit.

SAD withdraws statewide protest against wealth tax

Last Updated: Tuesday, April 30, 2013, 18:16

Shiromani Akali Dal on Tuesday postponed the proposed statewide protest, scheduled to be held on May 2, against the Centre`s decision to impose wealth tax on farmers owning land within eight km of urban areas.

Badal writes to PM; seeks intervention on wealth tax issue

Last Updated: Sunday, April 28, 2013, 21:49

Punjab Chief Minister Parkash Singh Badal today sought Prime Minister Manmohan Singh`s intervention to ensure that agriculture lands are not brought under the ambit of Wealth Tax Act.

Punjab Assembly meet on May 3 to discuss wealth tax on farmers

Last Updated: Sunday, April 28, 2013, 19:47

Special session of Punjab Assembly on May 3 will discuss "extremely dangerous and critical situation" in wake of Centre`s decision to impose wealth tax on farmers owning land in 8 km of urban areas.

INLD wants special House session to oppose farmer wealth tax

Last Updated: Saturday, April 27, 2013, 18:59

Indian National Lok Dal (INLD) party in Haryana demanded that the state government should convene a special session of the Assembly against the Centre`s proposed wealth tax on farmers.

Time for debate on inheritance tax: Chidambaram

Last Updated: Thursday, November 8, 2012, 22:19

In order to deal with the issue of accumulation of wealth, Finance Minister P Chidambaram Thursday said the time has come for a debate on imposition of inheritance tax.

Wealthy Indians shell out over 3% of income on donations

Last Updated: Wednesday, March 21, 2012, 22:45

Wealthy Indians shelled out 3.1 percent of their total income on charitable donations in 2011 and more than half pledged to give even more this year, says a study by global business consultancy Bain & Company.