High-value term deposits in banks may not be subjected to tax deducted at source (TDS) if the finance ministry agrees to proposals made by banks on Thursday. In a pre-budget meeting with Finance

The Income Tax Department is seeking 10.67 billion rupees from Bharti Airtel, the country's top mobile phone carrier, for non-payment of taxes related to its overseas operations, the Press Trust of

New Delhi: Tightening the noose around tax evaders, the Income Tax Department will launch a special drive from January 20 to verify high value transactions, under which tax officials may visit the

A recent verdict by the Delhi high court might set a precedent on the taxation of equipment that comprise hardware and software. In a case between Swedish telecom equipment maker Ericsson and the

Over 85 per cent of the total tax from sale of aviation turbine fuel (ATF) by states is earned by six major airports in the country. Over 80 airports share the rest 15 per cent of the collection. Of

Registration with central authority mooted; consultations needed on details. The Union agriculture ministry is working on a law to enable traders in farm produce to bypass multiple inter-state taxes

Infrastructure Development Finance Company (IDFC) has launched retail issue of long-term tax saving infrastructure bonds offering coupon rate of 8.7 per cent with maturity of 10 years. The

Raising revenue for fiscal consolidation will require hikes in indirect taxes. In drafting the Union Budget for 2012-13, the government will have to consider how to return to a path of fiscal

If tax officials thought only other people are obliged to disclose their assets and earnings for tax assessments, they will have to think again. Indian economy in 2012Following Prime Minister Manmohan

Maharashtra government initiative aimed at making system more transparent. The Maharashtra government has launched net banking facility to collect sales tax, road tax and penalties. The facility is