The retrospective tax amendments for the Vodafone case and the General Anti Avoidance Rules, pushed by the Income-Tax Department in the Budget to tackle tax avoidance and perk revenue collections,......
Confident of collecting over 5 per cent of the country's gross domestic product from direct taxes, Finance Minister P Chidambaram on Wednesday asked tax officials to improve their collection......
With the finance ministry facing the risk of missing its tax collection target this year, it has turned down a proposal to reduce duties on petroleum products to reduce the impact of rising crude......
Income Tax department has sought prosecution powers in the proposed Direct Taxes Code for taking effective action against tax evaders. The department has also sought the power of telephonic......
Food production to go down as sowing will be 20 per cent lower due to the weak monsoon, Finance Minister Pranab Mukherjee said. Deficient rainfall will result in a 20 per cent decline in sowing of......