Various sub-contractor firms of engineering and construction major Larsen and Toubro (L&T) are being probed by central revenue department officials for alleged service tax evasion to the tune of about
In a major set back to commodity exchanges finance minister Chidambarm today proposed a transaction tax of 0. 01 per cent on non-agri futures traded on the bourses
Life insurance policyholders can look forward to more tax concessions as Finance Ministry is considering a proposal to do away with service tax on first premium and create separate exemption
Chairman of Prime Minister's Economic Advisory Council C Rangarajan today said the rates of taxation be increased for the rich with a view to raising the tax-to-GDP ratio.
The government today said it would be difficult to achieve the corporate tax, customs and excise mop-up target as projected in the Budget because of subdued corporate profits.
The outgoing chairman of the Tata group Ratan Tata is "rattled" by India's current image emerging from scams and retrospective taxation, and wants the government to give an "irreversible commitment"
The government could amend controversial rules on tax avoidance within 20 days, finance minister P Chidambaram said on Monday, potentially ending months of uncertainty after the prime minister ordered a
The government slashed a tax on overseas borrowings by local companies on Friday, giving them access to cheaper funds and cheering investors as the government pressed on with reforms to
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