tax

News
Videos

TAX NEWS

AAP govt putting together checklist to identify cases of tax evasion

May 26, 2016 5:18 am

Senior officials of the department have said such a list, once approved, can be made part of the final system used to calculate taxes payable by traders.

What the changes in the tax treaty with Mauritius mean for India, investors

May 12, 2016 3:18 am

The full tax impact of the protocol will fall on investments beginning April 1, 2019, when capital gains will attract tax at the full domestic rates of 15% and 40%.

Budget 2016: Jaitley has announced relief to small tax payers, here are the details

February 29, 2016 2:19 pm

The ceiling of tax rebate under Section 87A of IT Act has been proposed to be raised to Rs 5,000 from Rs 2,000 for individuals with income less than Rs. 5 lakh.

Govt way behind target of 1 cr new taxpayers in FY16

February 01, 2016 12:32 am

For instance, till January 23 Mumbai has added only 1.7 lakh new tax payers of the total target of 6.23 lakh assigned to the income tax department in the city this fiscal.

Govt may not extend sunset clauses for tax exemption, phase out area-based sops

November 21, 2015 12:57 am

According to the proposal, on which the finance ministry has sought public comments, the provisions having a sunset date will not be modified to advance the sunset date.

Coming soon, a sunset clause on tax exemption

October 10, 2015 2:12 am

These steps have been outlined in the road map being readied by the department for phasing out corporate exemptions and are likely to figure in the Union Budget for the next fiscal to be presented in February 2016.

Tax and the people

October 09, 2015 12:05 am

The ultimate purpose of the entire legal and political edifice is to acknowledge and buttress the democratic existence of the body politic.

Pune: Over 500 cable operators evade duty tax, to face action soon

September 07, 2015 4:49 am

In a special drive conducted by the Pune district entertainment department, it has come to light that of the 960 cable operators, at least 500 of them do not have the necessary licence to operate.

No MAT on FII: Why issue of taxing foreign investors flares up repeatedly?

September 03, 2015 1:35 am

The sections of the tax manual that come up for examination differ, the political provenance of the governments differ, but the final results do not differ.

India, Thailand sign double taxation avoidance treaty

June 30, 2015 12:16 am

The tax treaty provides for the framework of avoiding double taxation and prevention of fiscal evasion with respect to taxes so as to promote bilateral economic cooperation.