The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months. Illustration: Dominic Xavier/Rediff.com......
India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers. Illustration:......
A week after the government came out with incentives for these entities, tax experts point out the need for clarity in several areas As the dust settles down on the government’s......
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions The government might consider pruning the list of around 300 goods exempt from excise duty in the Budget to......
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted. Tea, coffee, biscuits and some medicines, currently exempted from......