Sun, Jan 12, 2025
In a bid to reduce litigation, Finance Minister Nirmala Sitharaman in the upcoming Budget may announce an Amnesty Scheme for customs to foster ease of doing business.
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Wed, Jun 19, 2024
An increasing number of C-suite executives have a positive perception of GST with many highlighting further reforms like rationalising tax rates and effective dispute resolution process as focus areas to usher in GST 2.0, a Deloitte survey said on Wednesday.
Fri, Jun 14, 2024
Tax payers are running "My tax for the progress of the country, not for free" campaign on social media. watch this video
Fri, Dec 09, 2016
The GSP is mandated to provide innovative and convenient ways to taxpayers and other stakeholders in interacting with the GST Systems from registration of entity to uploading of invoice details to filing of returns.
Tue, Dec 06, 2016
Detecting ‘serious’ irregularities while disclosing income, the Central Board of Direct Taxes (CBDT) on Tuesday said that over 30 such cases have been reported to the Central Bureau of Investigatio
Sun, Nov 27, 2016
Nasscom President R Chandrashekhar said "serious concerns remain over intangibles (like software) not being clearly mentioned as service and also on issues like place of provisioning of service, and taxation of intra-corporate transactions".
Wed, Nov 23, 2016
The company could end up paying nearly $400 million in back taxes for 2015 alone if it was found to have avoided paying taxes to the government
Fri, Nov 18, 2016
The new agreement provides for assistance between the two countries for collection of taxes.
Under the Voluntary Disclosure of Income Scheme (VDIS) 1997, 4.72 lakh people declared assets totalling Rs 33,697 crore.
Thu, Nov 10, 2016
The old notes can be used for making payment of utility services such as water, electricity, taxes, charges, penalties to central and state governments.
Mon, Nov 07, 2016
A lower tax rate of 12% will reduce housing price and boost demand, but 18% tax rate could end up increasing the cost of homes, JLL said.
Mon, Oct 31, 2016
CBDT has asked taxmen to pull up their socks to ensure targeted revenue collection targets are met as the figures till September show a shortfall of an estimated over Rs 14,000 crore.
Wed, Oct 26, 2016
World Bank's Ease of Doing Business Index put India at 130th rank this year, up one place from last year. Naturally, the government is not happy.
Mon, Oct 03, 2016
Mining giant Vedanta Resources has paid more than $2 billion (nearly Rs 13,305.5 crore) in taxes, royalties, licence fees and other payments to India in the last financial year ended March 2016.
Sat, Oct 01, 2016
Given the tax rate and penalty of 45%, this can potentially fetch the government a little under Rs 30,000 crore.
Tue, Sep 27, 2016
Moving at a fast pace, the tax department on Tuesday came up with two more draft rules and their formats on GST returns and refunds requiring assessees to file monthly returns and specifying proced
Tue, Sep 20, 2016
The tax office alleges PT Google Indonesia paid less than 0.1% of the total income and value-added taxes it owed last year.
Thu, Sep 15, 2016
The board said,” It would like to clarify that these speculations are not based on any statements issued by the department.”
Sun, Sep 11, 2016
The Income Tax Department on Sarturday directed the people involved with blackmoney to clear their taxes under the Income Declaration scheme as only 20 days left for the window to close for declaration.
Fri, Sep 09, 2016
RBI said," The banks have been advised to ensure their branches invariably accept cash from all their customers who desire to deposit cash at the counters."
Sat, Sep 03, 2016
Multinationals like coffee chain Starbucks and online retailer Amazon pay less tax in Austria than one of the country's tiny sausage stands, the republic's centre-left chancellor lamented in an int
Wed, Aug 31, 2016
Apple had warned investors in a July regulatory filing that the Commission’s investigation could lead to "material" liability for further tax payments, but that it could not estimate the impact.
Tue, Aug 30, 2016
The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs.
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