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High taxation urged on illegal cigarettes

30 March 2017 9:45 AM GMT
India is the fourth largest illegal cigarette market in the world.

Essar Oil must pay before it gets relief: SC

18 July 2012 1:54 AM GMT
The Supreme Court, on Tuesday, told Essar Oil Ltd that once it pays the first instalment of Rs 1,000 crore to the Gujarat government as the sales tax...

Revenue secretary meddles in CBDT transfers

13 July 2012 8:33 AM GMT
Sparks are expected to fly again as the placement committee of the Central Board for Direct Taxes (CBDT) of the Income Tax Department meets on Friday...

Govt may announce new norms to revive SEZs

13 July 2012 12:23 AM GMT
The Indian government is expected to come out soon with new norms to revive special economic zones [SEZs], which have lost sheen after imposition of...

GAAR panel for modification of norms

10 July 2012 1:29 AM GMT
Finance ministry’s committee on controversial tax proposal General Anti Avoidance Rules [GAAR] on Monday decided to modify the draft guidelines by...

DJB exempted from service tax

6 July 2012 12:49 AM GMT
In a major triumph for Delhi Jal Board [DJB] and Delhi government, all services and operations aimed at providing drinking water supply, water...

Put GAAR in cold storage: Dhoot

6 July 2012 12:37 AM GMT
Concerned over sluggish growth and poor investment climate, Assocham president Rajkumar Dhoot on Thursday met Planning Commission deputy chairman...

Govt will resolve GAAR issue soon: Montek

2 July 2012 7:40 AM GMT
The finance ministry under Prime Minister Manmohan Singh will very quickly ‘resolve’ uncertainty among investors caused by anti-tax avoidance rules...

Australia introduces carbon tax

2 July 2012 7:35 AM GMT
Australian government on Sunday introduced a controversial carbon tax that businesses will have to pay for their emissions, amid protests and...

Services under tax net from today

1 July 2012 1:22 PM GMT
All services except those which are in the negative list will become expensive from Sunday with the implementation of the new service tax regime....

Galgotia group concealed Rs 42 crore income

28 Jun 2012 1:05 PM GMT
A list of the concealed income admitted to the tune of over Rs 600 crores in the past two years by director of Income Tax (Investigations), Kanpur,...

Ruias get no relief in Rs 6,300 cr case

28 Jun 2012 11:56 AM GMT
Essar Oil Ltd has failed to get any respite from the Gujarat high court on the payment of sales tax of about Rs 6,300 crore rupees. The court did not...
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