Mar 17, 2015 at 17:13 | Source: PTI
Finance Minister Arun Jaitley also rejected the charge that the government is pro-rich as it had proposed reduction of corporate tax from 30 percent to 25 percent and sought to take the battle to the Congress camp, saying he had borrowed the idea from Direct Taxes Code prepared by UPA's Finance Minister P Chidambaram.
Mar 05, 2015 at 16:35 | Source: PTI
Elaborating further, he said increase in service tax from the next financial year, the restoration of normal tax rates on automobile sector and increase in excise duty of petrol and diesel from November last year would help the government in garnering more revenue.
Feb 26, 2015 at 11:22 | Source: Moneycontrol.com
Current definition of tax on surplus was relevant when there were no private players. This needs to be reviewed, as was proposed in the draft Direct Tax Code
Feb 15, 2015 at 13:34 | Source: PTI
Seeking to bring about clarity in taxation of indirect transfer of assets by MNCs, Finance Minister Arun Jaitley is likely to introduce the threshold to establish whether a overseas company has substantial business interest in India.
Aug 22, 2014 at 17:44 | Source: PTI
KV Chowdary, Chairman of CBDT said the net income tax collection during the first four months stood at over Rs 1.51 lakh crore after accounting refunds of nearly Rs 54,000 crore
Jul 21, 2014 at 12:26 | Source: PTI
The government estimates to garner Rs 13.64 lakh crore from both direct and indirect tax collection during the current fiscal. During 2013-14, tax collection fell short of target by a whopping Rs 77,000 crore.
Jul 11, 2014 at 15:13 | Source: Moneycontrol.com
Radhika Rao of DBS Bank gives their take on Arun Jaitelys maiden Union Budget and their outlook on the road ahead for the Modi government.
Jul 10, 2014 at 17:47 | Source: CNBC-TV18
On Goods and Services Tax (GST), Mayaram said the Centre expects to reach a consensus on GST with states and may move legislation by the Winter Session.
Jul 10, 2014 at 12:52 | Source: CNBC-TV18
The Sensex is down 77.08 points at 25367.73 and the Nifty is down 23.80 points or at 7561.20. About 913 shares have advanced, 1645 shares declined, and 96 shares are unchanged. Foreign institutional investors to get tax-breaks to entice them to move back from Mauritius.
Jul 10, 2014 at 12:43 | Source: CNBC-TV18
Revenue deficit to be 2.9 percent of GDP in this fiscal, says FM. Basic tax exemption limit raised to Rs 2.5 lakh, and Rs 3 lakh for senior citizens. No changes made in corporate or other direct taxes. Limits under section 80C raised to Rs 1.5 lakh - as indicated in raising the PPF limit to Rs 1.5 lakh.