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Govt may ask Vodafone to seek Settlement Commission reprieve
Fearing any special dispensation to Vodafone by way of a penalty waiver could create an uproar in Parliament and enrage companies that have already paid tax in similar deals, the finance ministry may ask the British telecom major to settle the issue by approaching the Income Tax Settlement Commission. The legal recourse may help the company secure a waiver on penalty of Rs 7,900 crore and also a part

New tax evasion rule not retroactive - sources

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New India tax evasion rule not retroactive-sources

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Told Vodafone about tax liability, maintains FinMin

Refuting reports that Vodafone was not warned about the liability before the deal with Hutchison in 2007, the finance ministry today reiterated it had informed Vodafone about its tax liability, but

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Fee income drives earnings at private banks

At a time when dwindling demand for bank credit has capped the growth in interest income from advances, earnings from fees and commissions aided private sector lenders in improving their profitability

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Life Insurance: Deepak Sood

I am 45 and plan to retire by 55. I have two pension plans. Do I still need to take the New Pension Scheme (NPS)? What will be the difference and its benefits?
One should

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Income Videos

No change in corporate tax; IT...
No change in corporate tax; IT exemption limit raised by Rs 10,000 for women

Fringe Benefit Tax scrapped
Fringe Benefit Tax scrapped

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