On the back of third instalment of advance tax payment due on December 15, net direct tax collection till December 14 in the financial year showing a growth of 9.93 per cent stood at Rs 2,52,850 crore

Advance tax receipts for October-December in Mumbai tax region have risen about 10 percent for top 100 companies, including Reliance Industries and Life Insurance Corp. of India, a source at the

Tax authorities have unearthed 660 billion rupees of unaccounted money, the finance minister told the parliament on Wednesday, as part of the government's efforts to curb tax evasion. Pranab

As the time for readying investment declarations for tax purposes approaches, some tips on what to do. As the calendar year comes to an end, employees are asked to file investment declarations to

Section 245R of Income-tax Act dealing with the procedure on receipt of application by the Authority for Advance Ruling (AAR) provides that the Authority shall not allow the application to be

Pre-Budget meetings between industry and the finance ministry are usually all about complaints and demands for concessions and tax breaks. US' largest private companiesAt one such meeting, when some

Mop-up trends hint at major slippage; CBDT braces to meet Budget target. It is a staggering amount staring at the government: a possible Rs 25,000-crore shortfall in the direct tax collection from the

The Uttarakhand cabinet on Friday decided to set up mobile teams for collection of commercial tax and computerise Public Distribution System (PDS) in the hill state. After a meeting of the state

India's indirect tax receipts rose an annual 16.9 percent to 2.5 trillion rupees between April and November, SK Goel, chairman of the Central Board of Excise and Customs, told reporters on Friday.

India's tax officials have frozen 11 bank accounts of Kingfisher Airlines (KING.NS) and 10 of Air India AIR.UL earlier this month as they have failed to pay their service tax dues, an official from