India’s Finance Minister Shri Pranab Mukherjee has won this year’s award for Finance Minister of the Year for Asia. This year’s award is based on nominations from public and private sector economists, analysts, bankers, investors and other experts.
Difference of opinion among some states with regard to the Goods and Services Tax (GST) scheme for the country was being narrowed down and the Constitutional Amendment Bill is likely to be placed in the winter session of Parliament. This was stated b
The government has rationalised the service tax liability on sellers and distributors of lottery tickets by giving them the option to pay tax at flat rate based on the face value of tickets.
Even after termination of the franchisee agreement with Kings XI Punjab by BCCI, KPH Dreams which owns the T20 team is still not out of trouble, it seems, as the Central Excise Department on Monday said it would pass an order within a month determini
The Delhi High Court has cleared the decks for trial against Reliance Industries relating to seizure of classified documents from its office in 1998 by rejecting its plea that the case was time-barred. The company is facing criminal case under the Of
In yet another measure to curb the influence of money during elections, the Election Commission of India (ECI) has joined hands with the Income Tax (I-T) department and its vigilance arm, said Chief Election Commissioner S Y Quraishi.
The Comptroller and Auditor General (CAG) of India will restart audit of expenses incurred for the Commonwealth Games on October 15. The audit agency will submit its report within three months.
The income tax department has booked at least nine educational institutions in Pune — a booming educational hub — for concealing income worth over Rs 435 crore. The list of such educational institutions include top colleges in Pune for MBA and engine
The Federation of Indian Chambers of Commerce and Industry has asked the finance ministry to amend taxation rules for ESOPs (Employee Stock Option Plans), since such provisions lead to increased tax burden for employees. In a letter to the finance mi
Shikshan Prasarak Mandali, the education institution which runs prominent colleges and school like S P College, Nutan Marathi Vidyalaya has been stripped off the charitable institute status. The 125 years old institute faced action from Income Tax Co
