The National Stock Exchange and the Bombay Stock Exchange have given their in-principle approvals for collecting stamp duty.
The UPA government looks set to give the contract a decent burial and, in turn, redeem ISRO and itself.
There will be capital gains tax of 20 per cent with indexation.
A finance ministry official said since the service tax was capped at Rs 100 for domestic and Rs 500 for international travel, in many cases, the credit of tax paid on inputs used to provide services was more than the service tax paid by the airline.
G-20, the grouping of developed and emerging market economies, will focus on food security but issues concerning India like rising prices of vegetables may not come up for discussions at a meeting in Paris next week.
This is where 300-odd executives of Infosys and 30 I-T officials, headed by commissioner Sanjai Kumar Verma, process all I-T returns filed electronically (e-filing) across the country and all paper filings of Karnataka.
The government may have to wait a little longer to get a trail of illegal money stashed by Indians in Liechtenstein.
In April 2008, Wipro's technology business saw one of its biggest churns in the wake of the appointment of Girish Paranjpe and Suresh Vaswani as joint CEOs under an experimental management structure devised by Chairman Azim Premji.
Finance Minister Pranab Mukherjee and other finance ministry officials have reached the last leg of pre-Budget consultations.
After increasing the direct tax collections target in 2010-11 by Rs 20,000 crore (Rs 200 billion), the finance ministry now plans to raise the indirect tax receipts by at least Rs 10,000 crore to Rs 3,25,000 crore (Rs 100 to Rs 3,250 billion) for the same period.
Information technology companies in smaller cities are forming regional associations to attract investments and get their demands fulfilled at the local level, as industry body Nasscom is unable to spread its wings in many such cities. Smaller companies in places such as Bhubaneswar, Coimbatore, Madurai, Kozhikode, Ahmedabad, Kochi and Thiruvananthapuram have created regional fora to sell their locations and also lobby state governments.
The Indian PC market is all set to witness double digit growth in 2010. Backed by increasing demand from the consumer segment, major PC vendors like Dell, HCL, Lenovo and Acer expect a surge in sales, especially during the festive season.
The move is aimed at freeing up about Rs 3 lakh crore (Rs 3 trillion) in tax value locked up in appeal.
They've proposed a sub-committee under the proposed GST Council or the Empowered Committee of State Finance Ministers to resolve any disputes in the tax's implementation.
Parliament's Standing Committee on Finance has criticised the government for not doing a review of the tax exemptions given to Special Economic Zones (SEZs) and an evalutation of the losses due to these.
To have at least one demonstration school in every district.
Selects Wipro, Collabera as vendors; total IT sourcing from India about $1 billion.
If a foreign company pays interest on loan for carrying out operations in India it will be allowed tax exemption under the Income Tax Act, 1961, a tax tribunal has ruled.
The ruling, in favour of the government, will protect over Rs 1,000 crore (Rs 10 billion) of revenue the tax department was expecting from the service.
Mid-sized IT and BPO services company MphasiS has introduced a hiring methodology which gives candidates even with very poor academic record a chance to make their way into the company if they are good in their logical and reasoning skills.
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