CBDT GOES OVERBOARD ON TDS!Timely Filing Of Income-tax Returns For FY 2008-09Seriously Jeopardized By New Circular On Claiming Tax CreditMukesh M. Patel It seems that the Indian taxpayers can never breathe it easy! Just about the time wh ..
The ministry of corporate affairs on Wednesday said the new taxation policy, being framed in consultation with the ministry of finance, for limited liability partnerships (LLPs) would be active from next fiscal.The LLP Act has already been passed and ..
India is contemplating 10 per cent safeguard duty on imports of key aluminum products used in the automobile and machinery sector to protect the domestic industry against cheap shipments mainly from China, South Korea, Oman and Iran, an official said ..
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The exporting community has sought restoration of income-tax exemption on profits.This tax holiday should be available for five years, they told the Finance Minister, Mr Pranab Mukherjee, here on Monday as part of the pre-Budget discussions.A tax hol ..
The Madras High Court has ruled that tax planning as opposed to tax evasion has legal sanction, and if a dealer plans his transactions in such a manner that he pays less tax, it is not open to the revenue to subject him to a conscience audit or moral ..
The textile ministry has recommended inclusion of state-level taxes paid by exporters to be part of the duty drawback (DDB) scheme, which allows firms to claim back taxes paid while producing the exported item.At present, only taxes levied by the Cen ..
New Telecom and IT Minister Andimuthu Raja said he will "fight for" the extension of tax sops to IT and ITeS firms for another two years in the coming Budget. "I will fight for the extension of STPI scheme beyond March 2010. The schem ..
The Confederation of Indian Industry (CII) has asked the Finance Minister, Mr Pranab Mukherjee, to abolish several of the taxes announced by his predecessor. These include the Fringe Benefit Tax, the Minimum Alternate Tax and various surcharges and c ..
Tax authorities from around the world have agreed on a new co-operation plan to encourage compliance and to counter evasion and abusive avoidance, with special focus on wealthy individuals and offshore activities. The pact comes at a time when govern ..
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