Sep 01, 2016 at 08:10 | Source: Reuters
The order to the iPhone maker to pay back taxes to Ireland on the grounds that Dublin illegally favoured Apple with a tax regime that amounted to a competition-distorting subsidy was the biggest of 38 decisions by Vestager since the Commission began probing some 1,000 companies in up to 23 EU states in 2013.
Aug 31, 2016 at 20:02 | Source: PTI
The Gross Domestic Product (GDP) growth data is calculated under the new methodology at market price, while GVA is calculated primarily at factor cost. GDP is GVA plus taxes on products minus subsidies on them.
Aug 04, 2016 at 12:00 | Source: CNBC-TV18
"We have done our all our calculations, and spent only where it was necessary social welfare programmes like MNREGA and crop insurance schemes; we are confident of maintaining the fiscal deficit target with these additionalities in expenditure," says Finance Secretary, Ashok Lavasa.
Jul 19, 2016 at 17:36 | Source: PTI
The amount foregone (direct tax) is estimated at Rs 93,047 crore in 2013-14; Rs 1,18,593 crore in 2014-15; and Rs 1,28,639 crore in 2015-16, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha.
Jul 13, 2016 at 15:26 | Source: Moneycontrol.com
Starting 1 April 2016, more than 1,000 companies will report under the new International Financial Reporting Standards (IFRS) converged accounting standards: Indian Accounting Standards (IND AS).
Jul 11, 2016 at 17:11 | Source: Housing.com/news
A holding period of 36 months is crucial for a person to be able to claim tax benefits associated with long-term capital gains. Long-term capital gains give a property seller the benefits of indexation, R
Jun 28, 2016 at 17:02 | Source: PTI
The IMF has cleared immediate disbursement of USD 501 million to Pakistan, takingthe total amount given to the cash-strapped country to USD 6.1 billion in since 2013
Jun 21, 2016 at 14:24 | Source: PTI
The number of non-filers with potential tax liabilities has risen from 22.09 lakh in 2014 to 58.95 lakh in 2015. Non filers in 2013 were 12.19 lakh.
Jun 12, 2016 at 14:52 | Source: PTI
The Securities and Exchange Board of India (Sebi) was asked way back in January 2013 by the Service Tax Department that "services tendered by Sebi" were liable to tax.
May 09, 2016 at 16:58 | Source: PTI
Offering the "final opportunity", the department has said taxpayers whose refunds and tax issues are pending for assessment years (AYs) 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 and 2014-15, should immediately authenticate their Income Tax Returns by using either the electronic verification by Aadhaar or bank account-based facility