Articles
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More tax woes: Infosys gets another Rs 582 cr tax notice
Income Tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India's second largest IT firm. #Infosys #Business #NewsTracker #Income Tax Department #companies
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No penalty on late payment: FM implements amnesty scheme for service tax defaulters
A defaulter may declare his due tax liabilities, including the cess charges, for a period between October 1, 2007 and December 31, 2012 and pay it to the government after making a truthful declaration and can avoid penalty, interest or any other penal proceedings. #Investing #P. Chidambaram #NewsTracker #service tax #Amnesty Scheme
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Failed to pay service tax? Land in jail for 7 years
Failing to deposit this tax may attract arrest and imprisonment upto seven years. With the passage of Finance Bill 2013 last week, the Revenue department officials can now arrest a person for non-payment of collected service tax. #Economy #NewsTracker #service tax #Indirect tax
Blog posts
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India Inc sees higher limits on tax-saving investments in Budget
Survey of 300 firms shows requirement of a less litigious tax regime is also key expectation #India Inc #Grant Thornton #Budget2013 #tax-saving #Budget Expectations #Super tax
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RGESS or regress? Tax breaks wont help equity flows
Investors do not mind paying taxes as tax is paid on gains, unfortunately retail investors are nervous on whether they will see gains at all on equities given the current state of economic affairs. #WhyNow #retail investors #equity markets #RGESS #tax sops
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Petro-fuels: The search for second-best solutions, or worse
The search for ways to defuse the petrol bomb is heading towards suboptimal solutions. #ThatsJustWrong #Petrol #IOC #Fuel tax
Wire
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Hinesville Coastal CourierLarge landowners can cut taxes
Landowners in Georgia may have a chance to cut their income taxes in half. Congress recently extended, through the end of this year, a law that allows landowners who protect their land from development and protect the conservation values on the property #Georgia #Internal Revenue Service
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The WeekWhen governments bank on bad behavior: 5 vice taxes
How does it work? Passed in 2005, the "crack tax" requires all drug dealers to pay taxes anonymously to the State Department of Revenue. Rates vary: $3.50 for a gram of marijuana, $50 for a gram of cocaine, $200 for a gram of meth, and $200 for a gram of #US State Department #Barack Obama #New Jersey
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Minneapolis - St. Paul Business JournalDayton's backup plan to fund Vikings stadium: New taxes
A digest of important news from sources selected by our local editors. Delivered weekday mornings. Ed Stych reports on Twin Cities breaking business news for MSPBJ.com, manages online features, and writes the Fast 50 Diary features for the print edition. #Minnesota Vikings #Facebook