Taxation

New Delhi, Feb 20: Ahead of the national budget for the next fiscal, Minister of State for Finance Jayant Sinha on Saturday said it was necessary to balance what the government manages to get as revenue, its spending and how much money it…

New Delhi, May 20 (IANS): The currently levied education cess and secondary and higher education cess would become ineffective from June 1 as they would be subsumed in the service tax rate of 14 percent notified by the Central Board of…

New Delhi, May 12 (IANS): The bill on the goods and services tax (GST) was on Tuesday sent to a select committee of the Rajya Sabha. The committee will table its report in the upper house on the last day of the first week of next…

India's Finance Minister Arun Jaitley has assured foreign investors that the government of Prime Minister Narendra Modi was working on a more modern tax regime as part of ongoing reforms to increase investment and reduce regulations to…

Union Finance Minister Arun Jaitley has justified the Rs 40,000 crore tax demand on Foreign Institutional Investors (FIIs) in India after the latter lost a case against levy of 20% Minimum Alternate Tax on capital gains at the Tribunal.…

India will neither promote tax terrorism nor can it become a tax haven, Finance Minister Arun Jaitley said on Monday, assuring a fair compliance window to those with ill-gotten money overseas to come clean, and a moderate tax regime to…

Union Finance Minister Arun Jaitley presented a balanced and unique budget, which has long-term plans and benefits rather than appeasing all. The Union Budget 2015-16 provides enough opportunity to raise funds and put the nation on the path…