The Vijay Kelkar task force on direct and indirect taxes, submitted its report to Finance Minister Jaswant Singh.
Through increase in import duty, the government aims to help domestic oilseed crushers and edible oil producers who suffered badly last year due to cheap imports
Enraged over a trenchant message printed on a restaurant's bill slamming United Progressive Alliance government for imposing service tax on AC restaurants, Congress workers forced closure of the Mumbai eatery.
If an equity share is purchased before January 31, 2018, at Rs 100 and the highest price quoted on January 31, 2018, in respect of this share is Rs 120, there will be no tax on the gain of Rs 20.
It's such a well-kept secret that even well-heeled financial planners aren't aware of it, says Harsh Roongta.
'The service charge is given to the employees as a part of their salary. Now, employees have been calling to negotiate their salaries to balance the loss that they will face personally. In which case, we won't be able to retain some of them.'
Elon Musk's likely referring to waiver of 30% local sourcing norm for setting up single-brand retail
The two companies were earlier expecting to complete the merger formalities and regulatory approvals by June 30 and to start operating as one entity from July 1.
Former PGA Championship winner Davis Love III will captain the United States in the 2016 Ryder Cup match against holders Europe at Hazeltine in Minnesota, the PGA of America said on Tuesday.
Hundreds of JNU students rocked the national capital on Monday, bringing several parts of the city to a halt.
The GST rate on mobile phones will be hiked to 18 per cent while that on maintenance repair overhaul (MRO) services for aircraft will be lowered to 5 per cent with effect from April 1, Finance Minister Nirmala Sitharaman said on Saturday. The GST rate on handmade and machine-made matchsticks has been rationalised to 12 per cent from 5 per cent and 18 per cent respectively.
'... the government provides adequate cash and kind support for the poorest of the poor for survival... ...conditional cash and skilling support for the economically poor to raise their incomes to adequate levels... ...and make functional arrangements for providing unemployment allowance to the vulnerable poor during disasters like the present one.'
A task force, under the chairmanship of the secretary (tourism), with the secretary (shipping) as co-chairperson, has been constituted to promote cruise tourism in the country, reports Megha Manchanda.
According to new ministry guidelines, the permission to chop down forests will be given only after all the compensatory levies are provided
'Jaish aided by LeT attacked Parliament knowing mobilisation of Indian military assets would be the consequence.' 'That mobilisation happened, necessitating a military response from Musharraf who moved troops guarding back doors out of Tora Bora, facilitating Osama's escape.'
Steps such as safeguard duty in the works to plug the route
Replying to a question in Rajya Sabha, Minister of State for Finance Nirmala Sitharaman said the drive against tax evasion is an ongoing process and the government has taken various steps under a multi-pronged strategy to deal with the issue of black money.
Here's everything you need to know about the Goods and Services Tax Bill.
In a bid to mount pressure on the government over imposition of local body tax (LBT), all trade organisations across Maharashtra have decided to observe a two-day statewide bandh from July 15.
A Bill proposing to prosecute those stashing illicit wealth abroad with 10 year rigorous imprisonment is on cards.
If the precautions are not taken and guidelines are not followed properly, there can be chances of spike in cases, the government said.
The Bombay Stock Exchange (BSE) has slapped fines on 530 listed companies for failing to meet a deadline to appoint a women director and boost gender diversity in their boardrooms.
India also called for crippling the illicit drug trade which provides financial sustenance to these terror outfits.
New rules will unnecessarily make the airlines responsible for reasons beyond their control
One of the alleged middlemen in the VVIP chopper scam had asked a contact in India to target UPA chairperson Sonia Gandhi, Prime Minister Manmohan Singh and the then NSA MK Narayanan to bag the deal, according to a document submitted in Italian court.
Using ATMs to withdraw money or for other purposes like balance enquiry beyond five times in a month will attract a levy of Rs 20 per transaction from November 1.
Popular sweetmeats are costing a staggering 35% more on spike in sugar prices, veggies are up due to intermittent rainfall the past one week
Apparently resorting to a pacifier after the Maharashtra Navnirman Sena agitation on toll collection, the state government on Thursday assured party chief Raj Thackeray that it would draft a new policy on the issue before the model code of conduct for the Lok Sabha elections comes into force.
'These days, you could give the money to your maid or the person who comes to collect your garbage or your watchman; they are struggling to make ends meet.' 'You could help a friend whose business is at risk due to the lockdown and the struggling economy.' 'Even if you lend money to someone in this crisis, it will be more useful to the economy than parking your money in some government fund,' says Praful Nikam.
'If we play our cards right, we may even benefit from the competition between the US and China as seen from increased investment from each of these countries into India.' 'The size of our market gives us an important lever of power which we shall have to play adroitly and intelligently,' points out Ambassador Gautam Bambawale -- who served as India's envoy to China -- in the Professor V M Dandekar Memorial Lecture 2019, delivered on March 8, 2019 in Pune.
Print media will not benefit from the Budget.
A realistic approach towards tax and stock taking is necessary, rather than the old narrative of bringing all petroleum products under GST and playing the blame-the-state game.
Ahead of the Kumbh Mela from January-March 2019 at Prayag, the tanneries have been asked to shut down to stop discharge of effluents into the Ganga.
Bharti Airtel and Vodafone Idea have communicated to the telecom department that they will not pay AGR dues of Rs 88,624 crore, the deadline for which ended on Thursday, and will wait for the outcome of modification petition listed for hearing before the Supreme Court next week, according to official sources. Reliance Jio on Thursday paid Rs 195 crore to the telecom department to clear all adjusted gross revenue dues accounted till January 31, 2020, according to an official source.
Commerce ministry monitoring remedial measures to promote exports in key markets.
Engineers quit their jobs in Bihar's Darbhanga district after their colleagues were shot dead for refusing to pay protection money to local goons.
The MoS was accused of sexual harassment from his former colleagues during his stint as an editor; allegations which he has termed as "baseless" and "fabricated".
The government has asked jewellers to provide information on purchases of gold bars or jewellery worth more than Rs 500,000 by the end of this month, a move seen keeping a check on big transactions amid rising smuggling.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
The GST has been a great achievement, but it does suffer from weaknesses, says Chief Economic Adviser Arvind Subramanian.
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