taxes News

In fact: Creation of TIN and the leap in India’s direct tax collections

Taxpayers used to file annual returns to the Income-Tax Department in physical form, attaching a lot of supporting documents. Both the taxpayer and the Department had to deal with mountains of paper.

Maharashtra: I-T seeks Rs 1,200 cr in taxes from sugar mills

Sources said for the last 20 years, I-T officers have been raising the issue of unpaid taxes by mills who have paid over and above the Fair and Remunerative Price (FRP) to growers.


No populist scheme but new taxes in Karnataka

In a departure from the three previous budgets, Siddaramaiah introduced new taxes by hiking state taxes on petrol and diesel.

Centre’s e-vehicle push could skid on states’ high taxation of green cars

The governments inability to implement the NEMMP, unveiled in January 2013, is seen as a key reason for the failure of electric vehicles.

FM to consider BJP demand for heavy tax on liquor, cigarettes

The party has also urged the finance minister to introduce pre-paid cards for paying toll tax.

BJP states want 50% of taxes, up from 32% now

According to FY15 Budget, a total of Rs 7.8 lakh crore is to be transferred to states from the Centre.


Hindalco Industries,Axe on debt,rating 'buy': Edelweiss

Volumes,margins to rise in second half

Dissappointing show

Due to its captive iron ore operations,SAIL would not get incremental benefit from falling iron ore prices.

CM: Rationalisation of taxes need of hour

Badal said Punjab is duty bound to provide subsidies to farmers and weaker sections of the society.

New taxes were lurking behind SAD poll manifesto

In six months,the Punjab voter is poorer but wiser from the trade-off between promises made by the SAD-BJP regime in its January poll manifesto and taxes imposed after retaining power.