June 20, 2018 05:00 PM IST
The United States, the world's biggest exporter of the fibre, has cornered the bulk of Chinese imports for at least a decade. But China's decision to impose a 25 percent import tax from July 6 on American farm commodities, including on cotton, in retaliation for tariffs enacted by the administration of U.S. President Donald Trump will allow India to grab a bigger share of the Chinese market.
June 20, 2018 03:55 PM IST
Don't forget these changes while filing tax returns this year.
June 20, 2018 10:03 AM IST
Watch the accompanying video…
June 15, 2018 11:50 AM IST
Unilateral trade actions can be disruptive and may even prove counterproductive.
June 13, 2018 08:43 PM IST
The form for filing appeals to the Income Tax Appellate Tribunal (ITAT) is being amended after 25 years. The last amendment was made in 1993.
June 06, 2018 04:31 PM IST
Presently, the equalisation levy has been made applicable only to certain specified services, which include online advertising, any provision for digital advertising space or any other facility or service for the purpose of online advertisement
June 06, 2018 09:38 AM IST
The article discusses taxability of the pension received overseas.
June 06, 2018 07:57 AM IST
The court had in April granted interim stay on the Income Tax department's proceedings against Cognizant, subject to the firm depositing 15 per cent of Rs 2,800 crore dividend distribution tax demanded by the department.
June 04, 2018 10:17 AM IST
The Assessing Officer may levy a penalty of a sum of Rs 10,000 to a person holding multiple PAN cards.
June 01, 2018 07:46 PM IST
Users of WhatsApp, Facebook, Skype and other social media platforms will have to pay a daily tax, starting July 2018
May 30, 2018 08:41 AM IST
Sisodia, who besides finance, holds art, culture and languages portfolio, made the remarks here at the screening of 'Life of an Outcast', a crowd-funded film which highlights the plight of Dalits.
May 29, 2018 07:15 PM IST
The manual intervention in the tax credit refund process has added to the transaction time and cost of exporters, the apex trade promotion body said
May 23, 2018 10:38 AM IST
Tax saving funds as a category delivered compounded annual growth of 11.2% over the past five years.
May 23, 2018 07:45 AM IST
Trump said he would meet with Republican Representative Kevin Brady, chairman of the tax-writing House Ways and Means Committee, about the proposal. He did not give any details.
May 22, 2018 01:59 PM IST
The government, he said, believes that taxation is not covered under bilateral investment protection treaties, which the two British firm have taken refuge under to initiate arbitration, and as such cannot be arbitrated.
May 16, 2018 06:05 PM IST
The agreement enables the competent authorities of India and Brunei to provide assistance through exchange of information, relevant to the administration and enforcement of the domestic laws of the two countries concerning taxes, an official statement said.
May 11, 2018 01:26 PM IST
In a report, DIPP has pointed out that GST has resulted in significantly fewer taxes ; the cutoff date for factoring in new reforms and policies for this year's rankings is June 1
May 09, 2018 11:10 AM IST
Nowadays, you can buy a policy having a valid period of two to three years wherein your premium amount will increase subsequently.
May 07, 2018 05:45 PM IST
The analytics company to be roped in will have the mandate for designing and developing a Fraud Analytics System.
May 07, 2018 09:46 AM IST
There can be varied reasons for which I-T department can send a notice, but if you get one, stay calm and then decide on the response.
May 05, 2018 05:20 PM IST
"The company has received orders along with demand from the Joint Commissioner (Appeal) - GVAT, Rajkot for the financial years 2009-2010 and 2010-2011 for an amount of Rs 178.79 crore which includes tax amount of Rs 46.78 crores and interest and penalty amount of Rs 132.01 crore," Welspun Corp said in the filing.
May 03, 2018 02:05 PM IST
The impact of e-way bill, launched April 1, will be felt only in the coming months
April 30, 2018 11:09 AM IST
The earlier you file your return, the quicker would be the processing of your refund if any.
April 27, 2018 04:04 PM IST
In the last fiscal, the government collected Rs 62,021 crore as cess on sin and luxury goods. This amount will make up for the compensation kitty used to make good for any revenue shortfall faced by states on implementation of GST.
April 26, 2018 05:11 PM IST
Making his inaugural speech before the visiting 15th Finance Commission, Sonowal said: "The experience of GST till now has not been encouraging. There is an estimated 15-20 percent loss when collections are compared with expected revenue on month to month basis."
