May emphasise that the country is back on the fiscal consolidation path by reining in fiscal deficit at 5.2%.
The official added though this would be the last batch of letters this year, more PAN card holders would receive such notices from the income tax department next year.
The Cellular Operators Association of India said it would not take any legal step on the issue, unlike what it had said earlier.
Over the past 18 months, the number of caller tune subscribers, each paying Rs 30 a month for the service, has fallen from 100 million to 55 million.
That bliss is set to end soon, with the finance ministry planning to make it mandatory for individuals and Hindu undivided families to report assets and liabilities in income-tax return forms.
Separate investment limits have been proposed for life and health insurance premium.
Government-owned and financially ailing AI has been dropping its economy class fares to the level of low-cost carriers.
Telcos likely to get to switch from 2,300-MHz band for 4G services.
Move seen as prelude to GST rollout; rules for Cenvat credit also likely to be simplified.
As part of Budget 2013-14 proposals, it is considering widening the scope of source-based taxation to more areas to improve reporting mechanism for transactions.
FM to meet states on Feb 14, approve key decisions.
Also being considered is Rs 50 lakh-1 cr taxable income bracket.
Despite lobbying by bourses, FinMin mulls tax to monitor the market.
Decades of military rule kept the country closed to foreign investors.
To encourage investment, govt may instead offer investment-linked incentives.
Floor rate with a narrow band to be fixed.
Centre, states clear first hurdle, agree on compensation formula for losses on account of reduction in Central Sales Tax rate.
The form will be redesigned in such a way that investors could fill up most of the details themselves
The finance ministry is considering raising import duty on gold by two percentage points to six per cent, as the surge in demand for the yellow metal threatens to further widen India's current account deficit.
The department of telecommunications, in the draft universal licence guidelines to be signed with telcos which recently won spectrum in the 1800 MHz auction of November, has included a new clause for foreign companies.
