Vodafone Idea presses for Rs 7,000 cr tax refund; Income Tax Department hesitant in view of fresh liability
Sources said Vodafone has to receive an aggregate of about Rs 1,000 crore from Mumbai unit of the Income Tax department and another Rs 6,000 crore from its Delhi office for multiple assessment years dating back to 2004-05
Royalty is paid to a foreign collaborator for the transfer of technology, usage of brand or trademarks.
In perhaps the first instance, the finance ministry has kicked off the exercise to formulate the next budget by seeking suggestions on changes in direct and indirect taxes from industry and trade associations
Moody’s lowers India’s outlook to ‘negative’ from ‘stable’: Fundamentals of economy remain robust with inflation under check, says FinMin
As India’s potential growth rate remains unchanged, assessment by IMF and other multilateral organizations continue to underline a positive outlook on India, FinMin said in a statement
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of the economy, including stress in the financial sector, at the meeting of the Financial Stability and Development Council (FSDC)
To tighten grip on black money, Centre likely to introduce more provisions in cash holding limit norms in Budget 2020-21
Top sources said the government is mulling stringent measures which could be announced during the Budget next year to cap the cash holding limit at home or in lockers.
The government is unlikely to moderate personal income tax rates for the rich due to fiscal stress on account of lower tax realisation amid a slowdown in the economy, sources said
Govt plans major tax alignments for equities; move aims to boost investor sentiment, bring in more forex
The PMO is reviewing the current structure of LTCG tax, the STT and DDT in consultation with the Finance Ministry’s Revenue Department and NITI Aayog.
To cash in on Dhanteras buying spree, the government on Monday rolled out the sixth tranche of sovereign gold bonds
India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF
India, Nirmala Sitharaman said, has taken various steps to enhance infrastructure investment by launching innovative financial vehicles
Delhi HC questions Centre on powers of investigative body set up to probe Panama papers, Bahamas leaks
The Delhi High Court on Tuesday queried the Centre on the powers of the Multi-Agency Group set up to probe individuals, including politicians, named in the 'Bahamas leaks' and 'Panama papers leak'.
GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry
The Goods and Services Tax (GST) collection in September declined to Rs 91,916 crore, as against Rs 98,202 crore in the preceding month, as per government data released on Tuesday
CBDT sacks another 15 high-ranking tax officials as Narendra Modi govt continues crackdown on corruption
The CBDT said action against senior tax officials is in line with what Prime Minister Narendra Modi said in his address to the nation
Sources said the action was in line with Prime Minister Narendra Modi's address to the nation from the ramparts of the Red Fort when he had said some black sheep in the tax administration may have misused their powers and harassed taxpayers,
After Viral Acharya's exit, finance ministry gets nearly 100 applications for post of RBI deputy governor
Nearly 100 candidates have applied for the post of deputy governor of the Reserve Bank of India (RBI) - a position that fell vacant after Viral Acharya resigned six months before the scheduled end of his term
Finance Minister Nirmala Sitharaman will hold a review meeting with public sector banks (PSBs) on Thursday to discuss various issues, including follow up on transmission of monetary policy rates
Govt likely sell part of Air India stake to foreign airline; may invite preliminary bids by 10 October: Report
The government has moved about Rs 30,000 crore of Air India's debt to a separate holding company, leaving the carrier with roughly another Rs 30,000 crore of debt.
Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest
AIAHL — the special purpose vehicle of Air India — mopped up Rs 7,000 crore through bonds on Monday and the issue was oversubscribed more than 20 times.
Govt mulling another booster dose to reinvigorate economy; FM will announce stimulus in next few days
The finance ministry is working on one more booster dose to give a leg-up to the economy that has hit over the six-year low of 5 percent, a senior finance ministry official said
Central Bureau of Investigation (CBI) on Tuesday is scheduled to question Indrani Mukerjea, who recently turned approver against P Chidambaram in the INX Media case