The existing double taxation avoidance agreements will not be covered by the proposed change, implying that in order to tax Facebook, Google and the like, India will require to renegotiate tax treaties.
Minister of Railways Piyush Goyal spoke with the media about his privatisation plan, safety road map and innovation strategy.
Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.
Newspaper readership was 50 per cent in the 16-19 year age group, the highest in any age segment, followed by 42 per cent each in the 12-15 years and 20-29 year age group.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Indian Railways to bring on board ready-to-eat food companies
The government had breached its fiscal deficit target given in the Budget for 2017-18 in November itself, touching 112 per cent of the limit.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
Fifteen stations might be taken up in the first stage with an investment of Rs 6,000-7,000 crore.
The tankers carrying fuel from terminals to dealer outlets would not just have global positioning system (GPS) tracking but also an electronic key (e-key).
The government had also appointed PricewaterhouseCoopers as consultant to come up with a road map to upgrade base kitchens and service on trains.
The kerosene subsidy is expected to decline by 40 per cent from Rs 7,595 crore in 2016-17 to Rs 4,500 crore this financial year.
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
'Our stable outlook currently points to the fact that the ratings are likely to remain stable for the next couple of years.'
The Income Tax Act might be amended to give effect to "jurisdiction-free assessment"
Around 30-50 million passengers in the reserved category have switched over to digital payments.
The government had last year excluded those with an annual income of more than Rs 10 lakh from LPG subsidy
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
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