In a veiled criticism of Delhi government’s decision to increase the luxury tax, which could go up to 15 per cent, Delhi Assembly Speaker Yoganand...

India’s gross direct tax collection rose by 13.02 per cent to Rs 5,90,077 crore in the last fiscal, the Central Board of Direct Taxes [CBDT] said...

The Luxury Tax bill was passed with a voice vote in the assembly on Wednesday. The BJP MLAs. however, staged a walkout in protest. Despite a heated...

Finance Minister Pranab Mukherjee on Sunday said the share of direct tax in the overall tax basket has increased considerably and would reach 12 per...

Five months after its accounts were frozen for non-payment of taxes and duties, crisis-ridden national carrier Air India (AI) has piled up about Rs...

Collection of indirect taxes jumped by 10.4 per cent to Rs 33,045 crore in the first month of the current fiscal on the back of increase in excise...

Italian Prime Minister Mario Monti gave his full backing on Thursday to tax agency Equitalia, which has become a target for militant attacks and a...

Citing the difficult economic situation, finance minister Pranab Mukherjee on Wednesday said the government would be resorting to a fresh spell of...

To ensure objectivity and transparency, the government will have an independent member on the approving panel for the general anti-avoidance rules...

The Direct Taxes Code (DTC) Bill, which seeks to overhaul the 50 year-old income tax laws, will be brought in Parliament in the monsoon session and...

Responding to the strident criticisms of his budget proposals for introduction of retrospective effect to tax law changes going back to 1962, the...

Bowing to pressure, finance minister Pranab Mukherjee on Monday announced a slew of measures to provide relief to the jewellery sector and postponed...