Defending the recent petrol price rise, Finance Minister Pranab Mukherjee said on Saturday the states took a major share of the tax pie from petroleum products. Yesterday, the UPA's second-biggest

At a time when India's fiscal deficit is not keeping pace with the Budget target, the central government's direct tax collections are not adding much. Gross direct tax collections declined 0.6 per

The Income Tax Department today conducted searches at the premises of prominent industrialist Gautam Singhania here and in Delhi over alleged tax evasion. In Focus: India 'most improved' in global

If you file income tax returns online, you may soon require a digital signature certificate (DSC). DSC is mandatory for service tax, value-added tax, corporate houses filing tax returns, as also for

An earlier article in this column had discussed the Point of Taxation Rules 2011 (POTR), which have come into force from the 1st July this year. As is well known, the POTR has essentially shifted the

Tax returns of 100,000 entities under scanner, as preparation for DTC, say officials. The income tax department's headline-making notices to non-governmental organisations (NGOs) associated with Kiran

The recently announced National Manufacturing Policy (NMP) offers a series of fiscal incentives, including tax sops, especially for small and medium enterprises (SME). However, the incentives would be

In uncertain times everyone takes comfort with their best friends. Similar is the case with the investor community. Whenever market volatility increases, inflation raises its head, interest rates are

The much-awaited talks between India and Mauritius over renegotiation of their tax treaty may begin soon, with India pushing for changes in the clause on the treatment of the capital gains tax. The

A festering dispute in Angela Merkel's centre-right coalition worsened on Saturday when the chancellor publicly rejected a claim by one of her junior coalition partners that a tax cut proposal had