The government is likely to bring more services in the tax net to raise revenues and may introduce a negative list in the forthcoming Budget.
The government is expected keep
Industry body Assocham has urged the government to withdraw customs duty and countervailing tax on coal imports, mainly used in thermal power generation or coal-based projects.
At present, imported coal
Vodafone chief executive said the company's victory in a $2. 2 billion legal battle against tax authorities in India would help pave the way for a listing of shares in
Amid apprehensions that taxes may be raised in the Budget, industry body CII today asked the government to give a fillip to growth by refraining from increasing excise duties and
Apprehending imposition of higher tax on diesel vehicles, automobile industry body SIAM today said such a move will "stigmatise" diesel technology which will be very unfair to the sector. "There
Heavy Industries and Public Enterprises Minister Praful Patel has written to Finance Minister Pranab Mukherjee urging him not to impose higher excise duty on diesel cars.
While seeking to dispel
Cash-strapped carrier Kingfisher Airlines has not deposited with the government most of the income tax it deducted from its employees' salaries for the last two fiscal years, a government minister
Finance Minister Pranab Mukherjee will press for automatic sharing of banking and tax-related information among nations to check the menace of black money and terror funding at the two-day G-20
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