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Sales Tax
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Sales Tax
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Income tax department to closely monitor poll expenses of candidates
The income tax (I-T) department is closely monitoring expenses incurred by candidate and political parties in the forthcoing Hatia assembly byelection slated for June 12.
The department has also issued toll-free number and urged the people to provide information on any move by candidates or parties...
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Auction for Sale(Re-issue) of Government Stock
PRESS COMMUNIQUE
Government of India have announced the (i) Sale (Re-issue) of "8.19 percent Government
Stock 2020" for a notified amount of ` 4,000 crore (nominal) through price based auctions,
(ii) Sale (Re-issue) of "9.15 percent Government Stock 2024" for...
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High court breather for Essar in Rs 8000 crore tax dues case
The Gujarat high court on Friday restrained the state government from taking any coercive steps, at least for a month, to recover sales tax deferral liability from the Essar Oil. The state government issued a demand notice putting company's tax dues at Rs 8255.47 crore, which included interest and p...
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Wind power needs a tax incentive on the power produced
On the list of items on which revenue has been forgone on account of various tax incentives to boost output, the head 'accelerated depreciation' is by far the largest, adding up to over Rs 36,000 crore. The list does not give a further break-up of the revenue given up sector-wise, but that for wind ...
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Government rolls back 1% TDS on property sales
The government on Monday rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property.
Initiating the debate on the Finance Bill for 2012-13 in the Lok Sabha, Finance Minister Pranab Mukherjee said the government had decided to roll back the levy after recei...
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Income Tax Act changes not to hurt FDI: SS Palanimanickam
The government has said its proposal to amend the Income Tax Act with retrospective effect to tax Vodafone-type merger and acquisition deals will not hurt foreign investment. "These (Income Tax Act) amendments will not have any impact on foreign investment flow in the country," the minister of state...
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Tax hikes cast shadow over April car sales
Car sales in the first month of the fiscal have been lukewarm. This is largely because of subdued sentiments after prices were raised in March following tax hikes announced in the Budget.
With petrol prices expected to rise further, diesel models continued to drive growth for most players.
Boosted...
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Tax & accounting sales drive Thomson Reuters profit
Thomson Reuters Corp reported a higher-than-expected profit for the first quarter on strong sales in its tax and accounting division, and the company affirmed its outlook for the year. The global news and information provider said on Tuesday that first-quarter revenue from ongoing businesses grew 4 ...
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CM takes up cudgels against 'low compensation' for central sales tax loss
After the campaign against the proposed National Counter Terrorism Centre (NCTC), non-Congress chief ministers are seemingly joining hands to corner the Union government over the issue of payment of compensation to state governments for reduction in central sales tax (CST) rates.
Chief minister Nav...
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Pranab Mukherjee, Sushil Modi to talk central sales tax payment today
The Centre and states will attempt to break the logjam over the compensation for reduction in central sales tax (CST), an issue that is threatening to derail the United Progressive Alliance government's ambitious indirect tax reform of goods and services tax.
Finance Minister Pranab Mukherjee will...
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