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Taxation News


SEZ units need admin nod to claim service tax refund: Govt

   19 May 2011 at 11:26

SEZ units need admin nod to claim service tax refund: Govt The government has said that SEZ unit and developers would require the sanction of Unit Approval Committee for availing benefits of service tax refund. Besides, developers and units w ..

Posted in Taxation |   1397 Views


SC dissatisfied over tardy tax evasion probe into 2G scam

   06 May 2011 at 15:36

SC dissatisfied over tardy tax evasion probe into 2G scam The Supreme Court on Thursday expressed displeasure over the tardy pace of probe by the Income Tax department into the tax evasion cases linked to 2G spectrum case, saying it wanted " ..

Posted in Taxation |   902 Views


India seeks pressure on tax havens to share information

   06 May 2011 at 15:36

India seeks pressure on tax havens to share information Grappling with the problem of blackmoney, India on Wednesday asked the international community to impress upon non-cooperative jurisdictions to share information about funds stashed there. ..

Posted in Taxation  1 comments |   867 Views


I-T finds tax evasion in 2G; status report in SC today

   05 May 2011 at 11:00

I-T finds tax evasion in 2G; status report in SC today The Income Tax department has found instances of alleged tax evasion and "multiple routing" of undeclared wealth in the 2G spectrum allocation scam and will file its first status r ..

Posted in Taxation |   883 Views


HC stays Centre's notification levying service tax on lawyers

   30 April 2011 at 11:02

HC stays Centre's notification levying service tax on lawyers In a relief to advocates across the country, the Delhi High Court on Friday stayed a Central government notification levying service tax on practising lawyers. "The notifi ..

Posted in Taxation  6 comments |   2167 Views


SC asks Vodafone to appear before IT in tax case

   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 ..

Posted in Taxation  1 comments |   1411 Views


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

   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 ..

Posted in Taxation  6 comments |   1721 Views


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

   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 ..

Posted in Taxation  1 comments |   1768 Views


Govt introduces Constitution Bill in LS for GST

   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 ..

Posted in Taxation  1 comments |   1743 Views


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

   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 ..

Posted in Taxation |   1000 Views



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