Govt may agree with Shome panel on retro tax

The government is likely to give telecom major Vodafone a breather in the Rs 11,000-crore (Rs 110-billion) retrospective taxation case involving the British firm by accepting the recommendations of......

How the government plans to simplify the tax system

Ahead of the Budget 2016-17, Finance Minister Arun Jaitley on Monday said the government is looking into the recommendations of Parthasarathi Shome committee for simplifying tax administration.......

Direct taxes and GST: The unfulfilled promises

We need a system that helps entrepreneurs and allows smooth administration, notes Satya Poddar The United Progressive Alliance-II government started its mandate in May 2009 with a very ambitious......

Why FIIs want short-term capital gains to be scrapped

FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai. Abolishing the tax on short-term capital gains may......