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Vodafone notice on arbitration premature: Govt
The government has replied to Vodafone’s notice that threatened international arbitration, saying there was no cause of action. It may send a reply and a tax notice to the company after the Finance Act is notified in the official gazette. “We have replied to Vodafone saying there is no cause of action because no law had been amended...It is premature on behalf of Vodafone,” said a

FM responds to retrospective amendment
New Delhi, May 30 (IBNS) The Central Board of Direct Taxes (CBDT) has issued a circular on retrospective amendment, said Union Finance Minister Pranab Mukherjee on Wednesday.

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Foreign investor norms eased to accelerate capital inflows

The government today allowed qualified foreign investors (QFIs) from six member-countries of the Gulf Cooperation Council (GCC) and 27 countries of the European Commission (EC) to invest in the Indian

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Pranab targets Rs 5.7 lakh cr direct tax

Union Finance Minister Pranab Mukherjee on Sunday said that the ministry has set a target for collection of direct taxes to the tune of Rs 5.7 lakhs crore for the current financial year.

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Share of direct tax to touch 12 per cent of GDP: Pranab

Union Finance Minister Pranab Mukherjee today said the share of direct tax in the overall tax basket has increased considerably and would reach 12 per cent of the country's GDP soon. "The share of

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Pranab tables White Paper on black money