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  • Taxes | Will the CBDT fill the gaps in a timely manner? Mar 19, 2020 02:09 PM IST

    Taxes | Will the CBDT fill the gaps in a timely manner?

    While officials have assured that any refund (sans interest) arising pursuant to the Vivad Se Vishwas Act would be granted within 'reasonable time', it would be good if the CBDT can provide clarity on the timing issue of such refund and adjustment against any tax payable under the Act.

  • Budget provisions that will discourage investment in high-value homes Feb 24, 2017 08:00 AM IST

    Budget provisions that will discourage investment in high-value homes

    The Union Budget 2017-18 has proposed some provisions, which will boost the affordable housing sector but at the same time, will discourage tax payers from treating real estate as an investment class. One such &#82

  • US Supreme Court rejects Dow over $1 billion tax deduction claim Jan 09, 2017 09:37 PM IST

    US Supreme Court rejects Dow over $1 billion tax deduction claim

    The US Supreme Court on Monday declined to hear Dow Chemical Co's bid to revive its claim to more than USD1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose.

  • Modified norms to lower taxes of small traders by 30%: FM Dec 20, 2016 04:36 PM IST

    Modified norms to lower taxes of small traders by 30%: FM

    Finance Minister Arun Jaitley today said the government's decision to tweak the presumptive income norms would reduce the tax liability by up to 30 percent for those small traders opting for digital transactions.

  • HDFC Ltd Financial Results for the Year Ended March 31, 2016 Standalone & Consolidated May 02, 2016 03:30 PM IST

    HDFC Ltd Financial Results for the Year Ended March 31, 2016 Standalone & Consolidated

    Performance Highlights   Standalone profit ...

  • HDFC Ltd Financial Results for the Year Ended March 31, 2016 Standalone & Consolidated May 02, 2016 03:30 PM IST

    HDFC Ltd Financial Results for the Year Ended March 31, 2016 Standalone & Consolidated

    Performance Highlights   Standalone profit ...

  • Are you a senior citizen? Know your tax liability Apr 12, 2016 06:39 PM IST

    Are you a senior citizen? Know your tax liability

    Senior citizens cannot get away saying banks have deducted tax at source. They have to account for their tax liability and also file their income tax returns if applicable.

  • Govt negotiating issues relating to DTAA with Mauritius Mar 01, 2016 07:35 PM IST

    Govt negotiating issues relating to DTAA with Mauritius

    "India has proposed changes in the existing DTAA to address concerns relating to treaty abuse, around tripping of funds, double non-taxation and revenue loss. Both sides are working bilaterally to resolve these issues," Minister of State for Finance Jayant Sinha said in a written reply to Rajya Sabha.

  • Govt trying to resolve Vodafone tax issue: Prasad Feb 22, 2016 06:52 PM IST

    Govt trying to resolve Vodafone tax issue: Prasad

    On February 4, the I-T department issued Vodafone a reminder over its Rs 14,200-crore tax demand and threatened to seize assets in the case of non-payment.

  • Inclusion of income received abroad is must in IT returns Dec 09, 2015 06:56 PM IST

    Inclusion of income received abroad is must in IT returns

    The problem in many cases lies with actually recognising that there are receipts that are taxable.

  • Do I need to file my income tax return? May 21, 2015 04:48 PM IST

    Do I need to file my income tax return?

    Income tax filing and payment of income tax payment are two different obligations. it is better to file income tax before due date as it saves you from possible penal actions and allows you to make the most of provisions of Income Tax Act.

  • Nokia tax bill may jump to Rs 10Kcr, draws plant sale plan Apr 17, 2015 07:13 PM IST

    Nokia tax bill may jump to Rs 10Kcr, draws plant sale plan

    Nokia has received a memorandum of understanding from a bidder interested in its locked-out Chennai plant -- which has become a casualty of a Rs 3,500-crore tax claim -- the company told Delhi High Court today.

  • Voda chief meets Chidambaram, says it's good to talk Dec 03, 2013 07:47 PM IST

    Voda chief meets Chidambaram, says it's good to talk

    The British telecom major is facing a tax liability of over Rs. 11,200 crore, along with interest, on its 2007 acquisition of Honk Kong-based Hutchison Whampoa‘s stake in India‘s telecom major, Hutchison Essar.

  • Shome against retro amendment of tax laws to raise revenue Oct 21, 2013 05:29 PM IST

    Shome against retro amendment of tax laws to raise revenue

    Parthasarathi Shome was replying to a question whether retrospective amendment in the tax laws has vitiated business environment in the country, particularly the one related to the tax dispute with the UK-based telecom giant Vodafone Group.

  • Entertainment industry now under taxman's spotlight Sep 11, 2013 07:06 PM IST

    Entertainment industry now under taxman's spotlight

    According to the service tax department, the sale of satellite rights and also some of the support services which these production houses provide are liable to come under the service tax net.

  • NSEL fiasco: Taxman finds no stock at warehouses Aug 26, 2013 06:05 PM IST

    NSEL fiasco: Taxman finds no stock at warehouses

    The tax department had conducted surveys on 24 borrowers, all the warehouses and they found that no stock actually existed in these warehouses. In addition to this, there was no actual transaction and there no purchase actually took place and thus no tax liability holds in this case of transaction.

  • GAAR provisions positive for large stakeholders: KPMG Jan 15, 2013 01:19 PM IST

    GAAR provisions positive for large stakeholders: KPMG

    In an interview to CNBC-TV18, Bhavna Doshi of KPMG reacts to the Finance Minsiter's defering the GAAR (General Anti-Avoidance Rules) aimed at curbing tax evasion, to April 2016.

  • I-T catches LIC in sights, slaps bill of Rs 9k cr Apr 27, 2012 08:36 PM IST

    I-T catches LIC in sights, slaps bill of Rs 9k cr

    CNBC-TV18‘s Ashmit Kumar, quoting sources, reports that the taxman has slapped government-owned insurance giant LIC with a notice to pay a tax of Rs 9,000 crore

  • Tax on rent income and sold property! Dec 09, 2011 12:29 PM IST

    Tax on rent income and sold property!

    If you choose to use the capital gains from selling your house to buy a residential property, you will not be taxed and there is no tax liability from such a sale as stated under Section 54F of the Income Tax Act.

  • No tax liability on Axis or Enam: Nishith Desai & Asso Sep 16, 2011 04:15 PM IST

    No tax liability on Axis or Enam: Nishith Desai & Asso

    The Axis Bank’s board has approved the buy of investment banking and equities businesses of Enam Securities. Siddharth Shah, Nishith Desai and Associates, in an interview on CNBC-TV18, shared his views on this transaction.

  • CBDT order on Mah Satyam won't take effect for 2 weeks Jul 07, 2011 05:13 PM IST

    CBDT order on Mah Satyam won't take effect for 2 weeks

    The Supreme Court today said the CBDT order, as and when it is passed, on Mahindra Satyam tax dispute case would not take effect for two weeks so that the IT company may challenge it in an appropriate forum.

  • Vodafone CFO says $2.6bn tax on deal with Hutchison unfair Jun 29, 2011 09:39 PM IST

    Vodafone CFO says $2.6bn tax on deal with Hutchison unfair

    Terming the USD 2.6 billion tax liability on the company as "inequitable", UK-based Vodafone today questioned the Indian authorities for not raising the tax claim on the party (Hutchison) which made profit by selling its stake.

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