The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
There is continued shift by passengers from rail to other modes of travel, thanks to improvement in road connectivity and the shrinking differential in high-end rail and low-end air travel.
Industry experts on Friday called upon the new BJP-led NDA government to focus on attracting investments in key sectors, especially the infra space, to revive growth and investor confidence.
Service companies such as Infosys, Tata Consultancy Services and Airtel, among others, would be particularly hit.
Internet, tech, infra, realty in India might gain
The sector is witnessing weak tendering.
This move to make it easier for funds to avail of tax exemptions.
With its new hybrid annuity model, the government is confident of getting more funds from India Inc.
The new Income Tax return forms are much simpler in many respects.
Whereas the headline growth rate appears very respectable, India needs faster to growth to generate jobs.
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RIL had objected to the state government's decision to receive bids in sealed envelopes instead of an open auction.
The country's narrowing power deficit and increased coal production may not be indicators of the end of stress in the industry. Amritha Pillay reports.
The culture clash isn't the only issue - most of the founders are still wary of risky bets while the new management thinks calculated aggression is necessary in the new world of business, says Shyamal Majumdar.
Tax rules that could land you in trouble
India is set to sign an agreement with the US to resolve transfer pricing disputes, which will then serve as a template for settling such rows with multinational companies based in the UK, France and other European countries.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
Chetan Bhagat turns entrepreneur by getting into the movie business with Half Girlfriend.
Inflation dipped to a five-month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
If the sum assured is less than 10 times premium, the proceeds will be taxed.
Showing a better trend in remuneration and other benefits for the top-level executives, staff salaries across the board have risen by an average of 50 per cent.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
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Railway Board Chairman Arunendra Kumar said the discussions at the day-long meet involved an overview of five models of participative policy, framework of engineering, procurement and construction contracts and sectoral guidelines for foreign and domestic investment.
Last week, the government had introduced the black money Bill.
Firms that have a turnover of under Rs 1 cr can pay tax without maintaining books.
Relief would only be for unlisted companies; listed ones already have to prepare statements once a year.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
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The new capital of Andhra Pradesh is expected to be in the Vijayawada-Guntur region.
Formula One faces a risk: with Malaysia pulling out of a new deal, they could altogether lose their presence in Southeast Asia, one of the world's fastest-growing regions.
Unbanked customers can expect easier access to banking.
The company has finalised a three year business plan to increase revenue and control costs.
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
This route accounts for Rs 2.75 lakh crore of FPI holdings.
Budget smartphones will rule the market in 2015.
Urban mass transit authority to be set up; it will act as nodal agency for planning and coordination of project related works.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
The government has made employers responsible for verifying whether the claims filed are according to the law. Earlier, companies went only by self-declaration of employees.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
Here's why a career in digital marketing in 2015 will be very lucrative.
The term binge-watching was the runner up in Oxford Dictionaries Word of the Year in 2013. Indians may have come late to the party a little later, but we're making up for lost time, says Shuma Raha.
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