11 finance ministers are reportedly in parleys to lobby strongly against Centre 'encroaching' various sectors - all with a view to levy service tax. Most states of country will soon sense some ease in

The New Year gift from the finance ministry to exporters is an optional scheme to refund service tax on export related services electronically through the Customs. The gift from the commerce ministry

The previous two articles in this column had discussed the Communication on the future of VAT in the EU ('Communication') adopted by the European Commission ('EC'), including its purpose, the

The once-booming domestic car industry, looking at declining growth numbers month after month, wants tax relief. Car and commercial vehicle making companies have approached the industry's apex body,

If you plan to buy a pension plan as a part of your tax-saving exercise, you need to wait. The reason is simple: there are just no pension plans available in the market. This strange situation is the

Be wary though, as it may take six-eight weeks to obtain waiver certificates. Double Taxation Avoidance Agreements (DTAA) between India and other countries ensure that non-resident Indians (NRIs) are

As exports face adverse conditions amid a slowdown in growth, the government today came out with a mechanism to provide online refunds of tax paid on 18 services used beyond factory gate for outbound

Professionals aren't allowed to claim refund on health and related expenses. Recently, the Delhi High Court passed a judgment against a well-known advocate, who had claimed a medical expense of Rs

Jet Airways chairman Naresh Goyal has denied any evading of tax payment. This is after a notice to him from the income tax (I-T) department, seeking details of his foreign bank accounts. Goyal is

Pay healthy advance tax, but can't make up for large companies' volumes. The India story may have hit a rough patch, but the picture is not dark all around. At least the advance tax collections for