India has filed a request with the Swiss Government to revise the double taxation avoidance agreement (DTAA) that has been in force between the two countries since 1995.The re-negotiation has not started as yet, but India’s name is in a list ke ..
In fresh trouble for Uttar Pradesh Chief Minister Mayawati, the Income Tax Department has filed two appeals in the Income Tax Appellate Tribunal (ITAT) demanding additional tax of about Rs 10 crore for her income for the financial years 2005-2006 and ..
India is likely to retain 8.5 percent interest for subscribers of the country's largest pension fund, Employees' Provident Fund Organisation (EPFO), for the year to March 2010, the Labour Secretary said on Monday. "We will be ..
The government has imposed an anti-dumping duty of $ 3.99 per kg on import of Vitamin-C from China for a period of five years, after it found that ‘‘the domestic industry has suffered material injury.’’The Finance ministry has ..
The finance ministry is likely to withdraw the Commodity Transaction Tax (CTT), which was introduced more than year ago but was not imposed. The CTT, which was introduced by the then Finance Minister P Chidambaram in his Budget for 2008-09, was not ..
The Tirunelveli District Chamber of Commerce and Industry has made a plea for waiving service tax on telephones. In a letter to Mr Pranab Mukerjee, Union Finance Minister, the Chamber Secretary, Mr S. Chandramouli, said that telephone calls facilitat ..
The industry has demanded abolition of the commodity transaction tax (CTT) even before it is implemented. Industry bodies CII, Ficci and Assocham in their pre-budget recommendations have asked the finance ministry to withdraw the tax to be levied on ..
Reliance Industries, paid less tax than a year ago, while tax payments by State Bank of India, the country's largest lender, rose, according an income tax official who declined to be named. Reliance Industries, the biggest private sector firm, paid 3 ..
The finance ministry is contemplating diluting provisions of Fringe Benefit Tax (FBT), by which companies may not have to pay taxes on certain perks and allowances availed of by employees.Although industry has been pleading for a complete abolition o ..
The consensus on tax rates developing around the goods & services tax (GST) means finance minister Pranab Mukherjee is unlikely to tinker with the service tax rate in the forthcoming Budget.While discussions are still on between the Centre and th ..
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