Nov 23, 2016 at 14:20 | Source: Reuters
Under the proposed settlement, Google will pay back taxes and fines, and the search giant will have to agree to a new calculation of profits made in the country, said one of the people, who declined to be named as the information was not public.
Nov 21, 2016 at 08:58 | Source: PTI
Government data showed that IT software services exports from STP units have grown steadily during the last three years from Rs 2.73 lakh crore in 2013-14 to Rs 2.93 lakh crore in 2014-15.
Nov 15, 2016 at 08:16 | Source: Moneycontrol.com
Here are some of the ways in which an individual can ensure that they are getting their tax process in order.
Nov 06, 2016 at 13:14 | Source: PTI
The GST Compensation Bill will provide a legal backing to the Centre's promise to compensate the states if their revenue growth rate falls below 14 per cent in the first five years of the GST roll out. The base year for calculating the revenue of a state has been decided as 2015-16.
Oct 28, 2016 at 12:07 | Source: Housing.com/news
Income earned from a property that is owned by a tax payer, is taxed under the head income from house property, whether it is a residential or commercial property. Basis for taxation If R
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).