A parliamentary panel is set to recommend sweeping changes in personal income tax slabs proposed in the Direct Taxes Code (DTC) Bill. A draft report prepared by Parliament's standing committee on

Indirect tax collections figure on Wednesday corroborated dismal performance by manufacturing this financial year as shown by advance GDP numbers yesterday. Excise duty collections again contracted in

Doing so has major implications for public health but moving to a market-linked fuel pricing policy makes more sense. ANUMITA ROYCHOWDHURY Executive Director, Research and Advocacy, Centre for

An earlier article in this column had discussed the service taxability of cost/revenue sharing arrangements which were increasingly being resorted to in the modern business world. A view was expressed

Get ready to pay tax on every service barring those in some 20 categories such as construction, health, entertainment, restaurants, non-AC rail fares, travel by the metro or public buses, etc. A key

Muslim religious organisations are up in arms against the Direct Taxes Code (DTC) Bill, alleging the UPA government wanted to "tax the house of god – temple, church, masjids and imambaras". At a

Investors, sitting on large capital gains from a property sale or sale of other instruments often find themselves under the tax dragnet, if they do not invest the proceeds in time.One of the ways to

As the financial year nears its end, there are many who are still battle the basic about paying tax. While, those who know it will soon get busy finalising their income tax returns. Many will, and do

The income-tax department has ordered attaching land and buildings of information technology (IT) consulting and outsourcing company Mahindra Satyam (formerly Satyam Computer Services). Satyam, once

The Budget for 2012-13 is unlikely to tinker with the rates or widen the slabs for both direct as well as indirect taxes, despite chambers seeking more money in the hands of people to prop demand.