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At present, there is a 10 per cent import duty on gold. (Photo: PTI)

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 IST

Indian Oil Corp has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. (Photo:IOCL)

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 IST

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

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 IST

The Council had in May fixed 28% as the top rate for cigarettes. A 5% ad valorem cess was levied on top of it and Rs 1,591 per thousand sticks as fixed cess on both filter and non-filter cigarettes of not exceeding 65 mm.

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 IST

India is entangled in more than 20 international arbitration cases, and could end up paying billions of dollars in damages if it loses.

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 IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

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...

18 Jan 2018 8:44 PM IST

The success in divestments and encouraging goods and services tax collections will help government reduce pressure on the fiscal math, says a report. (Photo: PTI/Representational)

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 IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

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 IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

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.

9 Jan 2018 12:05 PM IST

PDS sugar rate for select groups is also hiked from Rs 15 per kg to Rs 20.

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

8 Jan 2018 1:26 PM IST

Arun Jaitley said, the reservation formula for the Patel community is legally and constitutionally untenable. (Photo: PTI)

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.

2 Jan 2018 4:37 PM IST

The issue was discussed during the meeting of the Council for Trade Development and Promotion in January.

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 IST