Wednesday, May 18, 2022 | Last Update : 06:34 PM IST

tax Page-6

I-T Department publicly names defaulters owing Rs 490 cr taxes

Some of the defaulters on the list have not paid their taxes for the assessment year 1989-90.

29 Mar 2018 4:10 PM

Paid all applicable taxes, I-T dept's position without merit: Cognizant

Company believes that the positions taken by the Indian Income Tax Department are contrary to law and without merit.

28 Mar 2018 2:41 PM

ClearTax, Zebpay join hands to help Indian investors with cryptocurrency taxation

The plan will help investors and traders of bitcoin understand tax laws and reporting regarding taxation on trading of cryptocurrency.

25 Mar 2018 3:35 PM

Fed likely to raise rates, may upgrade 2018 outlook

The US central bank projected late last year that it would lift rates three times in 2018.

21 Mar 2018 11:14 AM

India's services industry contracts in February as inflation hits demand

Services activity suffered for most of last year following a ban of high value currency notes in November 2016.

05 Mar 2018 11:12 AM


US tells India to cut tariffs as trade friction heats up

Bilateral trade between India and the United States has grown to about $115 billion in 2016 from $20 billion in 2001.

24 Feb 2018 11:14 AM

Unevenness in taxes paid by salaried class, business people: Adhia

For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh crore.

05 Feb 2018 2:55 PM

Budget 2018: GST revision concerns retailers

Gold jewellery retailers said they prefer old tax of one per cent on ornaments instead of three per cent.

01 Feb 2018 10:23 AM

Gold demand wanes as jewellers expect import tax cut in budget

Tax evaders prefer to buy smuggled gold since they do not have to pay the 3 per cent GST.

30 Jan 2018 12:02 PM

Oil and gas industry seeks infra status, lower taxes in budget

Rollout of GST, and exclusion of petroleum sector from its purview, has translated into much higher costs for sector.

25 Jan 2018 1:08 PM


Increase tax exemption limit to Rs 3 lakh, says SBI report

Govt has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15.

23 Jan 2018 12:34 PM

Higher tax on cigarettes keeps industry under pressure: ITC

Government on July 17 had hiked the limit of cess to be levied on cigarettes.

20 Jan 2018 9:55 AM

India's proposed investment treaty terms leave foreign partners cold

India appears to be in a far stronger negotiating position than it was during the 1991 balance of payments crisis.

19 Jan 2018 1:20 PM

GST Council reduced rates of 29 goods, 54 categories of services

Jaitley said next meet may consider bringing crude oil, natural gas, petrol, diesel, ATF and real estate within GST purview.

18 Jan 2018 8:44 PM

Tax free Rs 20 lakh gratuity for employees a reality soon

At present formal sector workers with five or more years of service are eligible for Rs 10 lakh tax free gratuity.

15 Jan 2018 10:58 AM


Infosys signs APA with US, gets USD 225 million tax reversal

APA will enhance predictability of the company's tax obligations in respect of its US operations.

10 Jan 2018 10:38 AM

Direct tax collections rise 18.2 per cent in April-December

Net direct tax collections represent 67 per cent of total Budget Estimates of direct taxes for FY 2017-18.

09 Jan 2018 12:05 PM

India has no plan now to raise import tax on sugar, govt source says

India will have enough sugar to meet domestic demand without overseas purchases

08 Jan 2018 1:26 PM

No single rate for all items under GST: Arun Jaitley

Many items which were earlier in 28 per cent bracket were brought into the 18 per cent bracket.

02 Jan 2018 4:37 PM

Raise import duty affects majority of iPhone models in India

The raised import duty on electronic items is intended to make homegrown brands reap better business.

17 Dec 2017 5:31 PM