SC's Rs 92,000 cr blow to Airtel, Vodafone-Idea is no shocker at all; they had it coming for short-changing Exchequer
Telecom companies will have to pay up around Rs 92,000 to the government in the next few months; much of the hit will be taken on by Airtel and Vodafone compared with the competition.
Income Tax Department responsible for loss of Rs 6,000 cr in real estate taxes after error in assessment, reveals CAG report
CAG has exposed the chinks in the armour of the Income Tax Department revealing that the department has lost Rs 6,093.71 crore as tax revenue from the real estate sector due to errors
GST Council likely to slash tax on auto tyre, cement to 18%; Saturday meet aims to lessen burden on commoners
While a GST rate cut on cement to 18 percent is likely to cost about Rs 20,000 crore annually to the exchequer, the council is still likely to go ahead.
CBI on Friday filed a charge sheet against the then Telecom Minister Dayanidhi Maran and his brother Kalanithi among others for allegedly using 764 high-speed data lines at the former's residence which were used by a private TV channel causing loss of Rs 1.78 crore to the exchequer.
The government in July extended the deadline for payment of tax and penalty under the black money disclosure scheme and allowed declarants to pay the amount in three instalments by September 30, 2017.
Cairn began production from Mangala oilfield, India's largest onshore oilfield, on August 29, 2009 and has been producing continuously for five years now.<br />