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SC asks Vodafone to appear before IT in tax case

  On 16 April 2011 at 12:34

SC asks Vodafone to appear before IT in tax case The Supreme Court on Friday directed UK-based telecom major Vodafone to appear before the Income Tax Department which had instructed the company to pay penalty in the USD 2 billion tax case relati ...

1  comments |   1409 hits


Govt approves giving Rs 45 cr tax exemption to ICC World Cup

  On 01 April 2011 at 22:33

Govt approves giving Rs 45 cr tax exemption to ICC World Cup In a relief to the International Cricket Council, the government on Thursday approved tax exemption of about Rs 45 crore for incomes from the ongoing World Cup. The decision was tak ...

6  comments |   1719 hits


LS approves Finance Bill; 5% tax on health care rolled back

  On 23 March 2011 at 16:38

LS approves Finance Bill; 5% tax on health care rolled back The Lok Sabha on Tuesday passed the Finance Bill after Finance Minister Pranab Mukherjee rolled back his controversial 5 per cent "misery tax" on health care and announced a f ...

1  comments |   1766 hits


Govt introduces Constitution Bill in LS for GST

  On 22 March 2011 at 17:08

Govt introduces Constitution Bill in LS for GST The govt on Tuesday introduced a Constitution Amendment Bill in the Lok Sabha to facilitate implementation of the Goods and Service Tax (GST), an indirect tax regime that would subsume levies like ...

1  comments |   1741 hits


I-T Dept issues Rs 616.53 cr tax notice to Mahindra Satyam

  On 22 March 2011 at 17:08

I-T Dept issues Rs 616.53 cr tax notice to Mahindra Satyam The Income Tax Dept has issued a notice to Mahindra Satyam, the new brand identity of Satyam Computer Services Ltd, to pay Rs 616.53 crore in taxes, the company said in a stock exchange ...

  0 comments |   996 hits


CBDT chief for quick payment of IT refunds

  On 22 March 2011 at 12:18

CBDT chief for quick payment of IT refunds Issuance of about 15 lakh income tax refunds to taxpayers across the country has become a bone of contention between the I-T department and CBDT, with the Board chairman issuing instructions that failur ...

2  comments |   1251 hits


Pranab likely to table bill on GST today

  On 22 March 2011 at 12:18

Pranab likely to table bill on GST today Finance Minister Pranab Mukherjee is likely to table a Constitution Amendment Bill in Parliament on Tuesday to facilitate implementation of Goods and Services Tax (GST). It will facilitate implementati ...


Cabinet clears GST Constitution Amendment Bill

  On 16 March 2011 at 20:55

Cabinet clears GST Constitution Amendment Bill The Union Cabinet has approved Constitution Amendment Bill to pave the way for implementation of Goods and Services Tax, a new indirect tax regime that will subsume various levies such as excise and ...

  0 comments |   1700 hits


No routine tax scrutiny for senior citizens, small taxpayers

  On 15 March 2011 at 15:29

No routine tax scrutiny for senior citizens, small taxpayers The Income Tax Department has said that tax returns filed by senior citizens above 60 years and small taxpayers with gross total income of less than Rs 10 lakh will not scrutinised in ...

1  comments |   1514 hits


Pranab hints at review of proposal to tax healthcare services

  On 15 March 2011 at 15:29

Pranab hints at review of proposal to tax healthcare services Finance Minister Pranab Mukherjee has hinted at review of his proposal to impose 5 percent service tax on high-end health care services which was described as "misery tax" b ...

  0 comments |   1044 hits










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