Govt mulling high level panel on tax issues: Arun Jaitley
Seeking to contain the adverse fall out of MAT levy on foreign investors, Finance Minister Arun Jaitley today said the Indian government will set up a high- level committee to sort out the taxations issues of the past and make the system predictable.
Apr 26, 2015, 23:30 PM IST
'Foreign investors against arbitrary change in tax policy'
Colin Dyer, the President and CEO of property consultancy firm Jones Lang LaSalle, said foreign investors were against any arbitrary change of policies and taxes with change of government in India.
Apr 23, 2015, 19:30 PM IST
Growth over 7.5% may not be sustainable, resolve tax issues: Moody's
A growth rate of more than 7.5 percent may not be "sustainable" for India in the present scenario and the country needs to resolve tax issues that are impacting its investment climate, Moody's said Thursday.
Apr 23, 2015, 17:15 PM IST
Sensex slips 155 points as MAT continue to bug FIIs
Sensex surrendered its early gains to settle lower by 155 points at 27,735.02 as blue-chips took a beating on persisting concerns of foreign investors on tax claims despite government's clarification.
Apr 23, 2015, 16:59 PM IST
Govt considering clarificatory amendments to MAT rules: Sinha
The government is considering clarificatory amendments to the rules relating to Minimum Alternate Tax (MAT) for the benefit of foreign investors who have been battling tax demands worth Rs 40,000 crore.
Apr 23, 2015, 13:46 PM IST
Govt won't yield to foreign investors' demand for tax waiver
The government will not yield to the demand of foreign portfolio investors for a tax waiver on capital gains of previous years, a top finance ministry official told reporters on Tuesday.
Apr 21, 2015, 16:33 PM IST
Sensex tanks 555 points, Nifty below 8,500-mark; RIL plunges over 4%
This was the fourth consecutive session of downtrend in the 30-share index, which has now lost around 1,160 points since crossing 29,000-levels last Monday.
Apr 20, 2015, 17:16 PM IST
Government must not be a tax terrorist: Experts
Even as the central government has decided to review the new norms to file income tax returns barely three days after it was notified, due to widespread angst, experts termed the original proposal nothing but "tax terrorism" unleashed on honest tax payers.
Apr 19, 2015, 18:51 PM IST
Government issues fresh tax notice to Vodafone: Report
Vodafone has 30 days to respond to the fresh notice, the news channel`s report said.
Apr 19, 2015, 13:19 PM IST
Govt to review new income tax return forms, make them simple
Government on Saturday announced that new Income Tax Return (ITR) Forms that require disclosure of details regarding bank accounts and foreign trips undertaken by an individual will be reconsidered, a move that comes after criticism from tax experts and others.
Apr 18, 2015, 18:51 PM IST
New income tax return form to be reconsidered and simplified
The Finance Ministry on Saturday said the new income tax return (ITR) form will be reconsidered and simplified.
Apr 18, 2015, 18:13 PM IST
'Misadventure' of retrospective taxation will be costly: FM Jaitley
Ruling out the use of retrospective taxation by the present administration, Finance Minister Arun Jaitley has said a permanent law in this regard is not possible and the cost would be "too heavy" if any future government indulges in such a "misadventure".
Apr 18, 2015, 12:51 PM IST
Automatic info exchange only way to tackle black money: Arun Jaitley
Finance Minister Arun Jaitley has sought urgent implementation of common reporting standards on automatic exchange of information globally, asserting that it is the only way to tackle the challenges posed by black money.
Apr 18, 2015, 09:58 AM IST
Difficult for Govt to intervene in FIIs' MAT issue: Jaitley
As foreign investors lobby hard against Rs 40,000 crore tax demand slapped on them, Finance Minister Arun Jaitley said it is difficult for the government to intervene as they have lost the case before the Appellate.
Apr 17, 2015, 21:30 PM IST
End of paper trail in e-filing of I-T returns; Aadhaar added
In a major step aimed at easing taxpayer grievances, CBDT on Friday announced that assessees filing I-T returns online will no longer have to send the paper acknowledgement by post as a new Aadhaar-based electronic verification code has been launched to authenticate this document.
Apr 17, 2015, 20:33 PM IST
Govt draws the line, says no arbitration for tax issues
The government has set the record straight on tax disputes, maintaining they are not covered by the Bilateral Investment Promotion and Protection Agreement (BIPA) and need to be judicially and legally settled.
Apr 16, 2015, 23:46 PM IST
What security can you give on Rs 20K cr tax demand: HC to Cairn
Delhi High Court today asked Cairn India how it would secure the Rs 20,495 crore demand slapped by the Income Tax department for its alleged failure to pay tax on gains made by its former parent company, Cairn Energy Plc, in a share transfer transaction eight years ago.
Apr 16, 2015, 23:45 PM IST
Spain tax officials search home of ex-IMF head Rodrigo Rato
Spanish tax office agents on Thursday searched the Madrid home of Rodrigo Rato, a former IMF head and ex-economy minister with Spain`s ruling conservative party, who has already been charged in two corruption cases.
Apr 16, 2015, 23:34 PM IST
I-T Dept publishes list of 31 big tax defaulters
Moving ahead with its strategy of 'naming and shaming' large tax defaulters, the Income Tax department on Wednesday came out with a list of 31 defaulters who owe over Rs 1,500 crore to the government.
Apr 15, 2015, 21:06 PM IST
Aviation minister bats for lower taxes to boost sector
Pitching for lower taxes to boost civil aviation, Union Minister Ashok Gajapathi Raju Sunday said states which responded positively to the Centre's request in this regard have witnessed a spurt in the sector.
Apr 12, 2015, 18:49 PM IST
