Oct 20, 2014 at 19:57 | Source: Moneycontrol.com
The government will see a significant shortfall in indirect tax collection in this financial year. CNBC-TV18s Sapna Das reports that net growth in indirect taxes is likely to be 6 percent versus a budgeted growth of 25 percent in FY15.
Oct 18, 2014 at 16:21 | Source: Moneycontrol.com
Equity Mutual Funds ended positive as equity benchmarks closed off day's high ahead of Maharashtra and Haryana state elections results that will be announced on Sunday.
Oct 10, 2014 at 16:01 | Source: Moneycontrol.com
The major benefits of investing in company fixed deposits are high interest, flexibility of tenure and no Income Tax is deducted at source if the interest income is up to Rs 5,000 in one financial year.
Oct 10, 2014 at 11:34 | Source: Moneycontrol.com
The court held that there was no taxable income arising out of the transaction. The quantum of tax demand by the Indian authorities stood at Rs 3200 crore in fiscal year 2010.
Oct 09, 2014 at 16:38 | Source: PTI
The Modi government has asked states to try such a scheme and Food Minister Ram Vilas Paswan will be discussing the issue with them. It has also given enough signals that the much-touted welfare food security programme of the UPA government will not be shelved.
Oct 09, 2014 at 13:41 | Source: CNBC-TV18
Revenue secretary Shaktikanta Das says there is a need to move away from aggressive tax planning and assessments. He says the industry needs to work closely with the government to encourage a non-adversarial tax regime.
Oct 08, 2014 at 16:58 | Source: CNBC-TV18
The ministry will initiate the exercise by issuing the Budget circular to all ministries, like every year. Generally, the Budget exercise kickstarts in September every year, this year the delay is due to a late Budget, which was presented in July.
Oct 07, 2014 at 16:27 | Source: CNBC
Subsidy reforms and the implementation of a 6 percent goods and service tax (GST) are among the highlights, deemed necessary for the country`s fiscal consolidation efforts. But analysts and citizens alike are worried about a resulting spike in inflation.
Oct 06, 2014 at 10:01 | Source: CNBC
Given the massive role gasoline plays in American life (in a February 2013 report, the US Energy Information Administration estimated that Americans spend about 4 percent of their pre-tax income on gasoline) the drop in gas prices is naturally expected to have an impact on consumer spending.
Sep 30, 2014 at 17:38 | Source: Moneycontrol.com
There are lots of occasions when this amount would be added to the income of the individual and this can turn the entire position of the tax calculations upside down. There are however some situations where this position can actually be avoided and here is a closer look at the whole process.