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PIL in SC against Railways levying taxes without House nod

  On 16 March 2008 at 11:42

PIL in SC against Railways levying taxes without House nod New Delhi, Mar 16 (PTI) The Supreme Court has agreed to hear a PIL challenging the Government's policy of levying taxes on railway commuters without legislative approval.But, the court sai ...

  0 comments |   352 hits


Jayalalithaa withdraws plea on I-T case from SC

  On 13 March 2008 at 23:37

Former Tamil Nadu Chief Minister J Jayalalithaa withdrew her petition from the Supreme Court relating to her controversial disclosure of an income of Rs 1.72 crore, for the assessment year 1998-99 under a special scheme.The AIADMK Chief had challenge ...

  0 comments |   534 hits


Current tax slabs to stay, surcharges should go next: FM

  On 02 March 2008 at 19:17

Current tax slabs to stay, surcharges should go next: FM After giving bonanza to income- tax payers by changing the slabs, Finance Minister P Chidambaram has said the next step should be removal of surcharges if the revenue buoyancy continued. "Last ...

  0 comments |   528 hits


Tax payers to gain up to Rs 44,000 under new regime

  On 02 March 2008 at 19:17

Tax payers to gain up to Rs 44,000 under new regime The working class people will stand to benefit by up to Rs 44,000 a year in income tax following the changes proposed by the Finance Minister in the Union Budget for 2008-09, which also provides for ...

  0 comments |   477 hits


Loan waiver will not lead to collapse of banks: FM

  On 02 March 2008 at 19:17

Loan waiver will not lead to collapse of banks: FM By V S Chandrasekar New Delhi, March 2(PTI)Finance Minister P Chidambaram today sought to allay apprehensions that the Rs 60,000 crore farmers' package will lead to collapse of the cooperative and ...

  0 comments |   417 hits


Duty on crude sulphur reduced

  On 01 March 2008 at 13:51

GENERAL BUDGET 2008-09The Finance Minister, Shri P.Chidambaram in the General Budget 2008-09 has proposed reduction in the custom duty on crude and unrefined sulphur from 5 per cent to 2 per cent, in order to support domestic fertilizer production.Th ...

  0 comments |   574 hits


banking cash transaction tax to be withdrawn

  On 01 March 2008 at 13:51

GENERAL BUDGET 2008-09In the General Budget 2008-09, Banking Cash Transaction Tax (BCTT) has been withdrawn w.e.f. April 1, 2009. The step is in view of the fact that the information gathered by means of BCTT is also available to the Income Tax Depar ...

  0 comments |   571 hits


Highlights of Budget 2008-09

  On 29 February 2008 at 13:10

Union Minister for Finance P Chidambaram presented the Union Budget for 2008-09 in the Lok Sabha, announcing a waiver of agricultural loans to the tune of Rs 60,000 crore, raised the income tax exemption threshold to Rs 1,50,000 and slashed customs a ...

  0 comments |   927 hits


DIRECT TAX COLLECTIONS

  On 21 February 2008 at 18:11

Direct tax collections continued to record a growth of over 40 percent for the 1st April 2007 to 15th February 2008 in the current fiscal. Net direct tax collections stood at Rs.2,28,745 crore, up from Rs.1,61,776 crore during the same period last fi ...

  0 comments |   522 hits


Avoidance of double taxation between India and Luxembourg

  On 21 February 2008 at 17:28

The Union Cabinet today gave its approval to the Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on income and on capital between the Government of India and the Government of the Grand Duchy of Luxem ...

  0 comments |   622 hits










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