CBDT circular issued last month had raised multiple taxation concerns.
The government on Wednesday favoured a levy of a minimum 6 per cent of the sale price of the vehicle as a lifetime tax by various states.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
Falling private sector investment and farm distress are problems that call for immediate attention, says T N C Rajagopalan.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Preparing legal framework to protect states from revenue loss.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
'The prime minister did not think that COVID-19 was a serious challenge as late as March 20.'
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
Advance corporation tax collections grew 8 per cent in H1FY17 against 6 per cent last year. A moderate pick up in advance corporation tax collections suggest the sector might not witness significantly high growth in FY17, says Dilasha Seth.
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
This was the companies' highest loss in two years.
Action has been taken according to a memorandum that requires 'periodic review of performance of government servants'.
He claimed the people of Delhi were facing "injustice and humiliation" since independence because the government elected by them lacked power to work for them.
The government is going all out to spread awareness about the new indirect tax regime, and training lawmakers is being seen as a necessary first step.
The Civil Aviation Ministry has submitted replies to the CVC on a series of allegations raised by Nishikant Dubey against the deal and clarified all concerns raised by him, official sources said.
This Budget plans for an increase to 10.3% of GDP from 9.9%.
'This government has huge respect for the Supreme Court and when there is going to be a hearing on the review petition, it is appropriate to refrain from taking any action till then.'
District Magistrate Ravindra Kumar hit upon the novel idea and sent 576 government employees to the central jail in Farrukhabad to interact with inmates, including government officials who are living in confines of the prison.
CAG says Railways lost about Rs 4,300 crore in 2008-2012 because of improper documentation.
Securing the GDP estimates a month in advance would be a challenge and the government should take the Central Statistics Office on board before embarking on the new schedule for Budget presentation
A stream of people, including those from Rajasthan and Karnataka, walked into the only designated office before the closure of the one-time compliance window.
The one-member commission of inquiry under former solicitor general Gopal Subramanium will probe the alleged irregularities in DDCA.
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
Manu Kumar Jain, vice-president, Xiaomi, and managing director, Xiaomi India, shares his thoughts with Arnab Dutta on how the firm has put India on the forefront.
Fifty other entities, including the Congress, have been served notices
Honest tax payers need not worry about the new black money law, says finance minister Arun Jaitley.
At a meeting of the Empowered Committee of State Finance Ministers, the Centre's plan to bring petroleum goods under GST regime was opposed.
'There is tension between the zones all the time.'
'Debt mutual funds are a good option now because interest rates are coming down.' 'Retail investors must put a majority portion of your money in short-term debt funds (1 to 3 years) and only a small portion in actively managed dynamic funds.'
The centre eyes airport-specific digital solution and ties up with start-ups to solve problem unique to BIAL
Looking into the flexi-fare scheme in Rajdhani, Duronto and Shatabdi trains introduced in September 2016, the CAG stated that occupancy in all classes except the sleeper class in Duronto decreased.
In July, IRS officers in Mumbai held an incendiary meeting where they criticised the alleged interference in 'operational matters' by the department of revenue.
Does the Union government or the RBI see itself as Krishna beheading Shishupal and what will constitute the 101st or indeed the past many sins for which a Sudarshan Chakra will have to be used? More importantly, what are those sins?
Hospital authorities said of the deceased at the GTB, at least nine received gun shots. One of the deceased is also a woman, they said.
The IMF dashed any hope that Athens could avert default.
The Supreme Court-appointed Committee of Administrators announced a new category 'A+' with an annual retainership of Rs. 7 crore. The top category includes the likes of captain Virat Kohli, Rohit Sharma, Shikhar Dhawan, Bhuvneshwar Kumar and Jasprit Bumrah.
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