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Tax
Business  /  Published 03.09.21

Fuel taxes swell excise coffers

The excise duty kitty of the Narendra Modi government swelled to Rs 1,00,387 crore during April to July of the current fiscal even as consumption of petrol and diesel  showed patchy rec...
By R. Suryamurthy in New Delhi

Business  /  Published 02.09.21

Sequential drop in GST collections

GST collections touched Rs 1.12 lakh crore in August, 30 per cent more than Rs 86,449 crore collected in August 2020. Sequentially, however, there was a 3.76 per cent dip in August 2021 collection vis...
By Our Special Correspondent in New Delhi

Opinion  /  Published 31.08.21

Modi is indifferent to wealth redistribution

After a decade-long pursuit of billions of dollars in taxes arising from the transfer of Indian assets through the route of offshore companies, the Narendra Modi government, in an astonishing U-turn, ...
By Ashish Khetan

Business  /  Published 30.08.21

Vivad payment till September

The government on Sunday extended by a month the deadline to make payments under direct tax dispute resolution scheme Vivad Se Vishwas till September 30. In a statement, the finance ministry said, &l...
By Our Bureau in New Delhi

Business  /  Published 29.08.21

Draft for withdrawal of retro tax demands

  In a move that will aid closure of retro tax demands against companies such as Cairn Energy and Vodafone PLC, the Income Tax Department on Saturday released draft of rules to drop such demands...
By PTI in New Delhi

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Business  /  Published 29.08.21

Draft retro tax rules released

The draft rules for the Taxation Laws (Amendment) Act, 2021, which would end the retrospective tax disputes with Cairn Energy and Vodafone Plc, commits to refund the principal sum within a 30-day time...
By Our Special Correspondent in New Delhi

Business  /  Published 24.08.21

Tax portal debug by Sept 15

The government has set a deadline of September 15 for Infosys to resolve the glitches faced by taxpayers in the new income tax filing portal. Tax experts said the government should extend the statuto...
By Our Special Correspondent in New Delhi

Business  /  Published 23.08.21

Portal summons to Parekh

In June, finance minister Nirmala Sitharaman had met the key officials of Infosys and highlighted the issues faced by taxpayers and tax professionals on the portal. The finance minister last week had...
By Our Bureau in Calcutta

Business  /  Published 22.08.21

Infy head called over site glitch

The Ministry of Finance has "summoned" Infosys MD & CEO Salil Parekh to explain to Finance Minister Nirmala Sitharaman why glitches on the Income Tax portal has not been resolved even af...
By Our Bureau, PTI in New Delhi

Business  /  Published 16.08.21

FM rules out excise duty cut on petrol

Finance Minister Nirmala Sitharaman on Monday remained non-committal on cut in excise duty on petrol and diesel, saying payments in lieu of past subsidised fuel pose limitations. Petrol and diesel as...
By Our Bureau, PTI in New Delhi


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