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Home » Taxation  
TAXATION NEWS
• Payment of Bank Guarantee Commission not liable to TDS under section 194H
\n There is no principal agent relationship between the bank issuing the bank guarantee and the assessee; when bank issues the bank guarantee, on behalf...
• PAN to be most potent tool against tax evasion
\n Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion...
• PM may decide on EU car duty today
\n The contentious issue of cutting import duty on cars from the 27-member European bloc as part of the proposed free trade pact is likely to be taken...
• Tax info exchange pact signed with Guernsey
\n India has signed a tax information exchange agreement (TIEA) with Guernsey, a dependency of the British crown. The pact was signed at London in the...
• Vodafone Victorious in Multi Billion Tax Battle
\n The conclusion of this highly controversial case has brought much needed clarity on a number of issues surrounding cross-border transactions involving...
• Heavy Industries Ministry seeks 14% import duty on power equipment
\n The Heavy Industries Ministry has pitched for 14 per cent import duty on power generation equipment for the projects above 1,000 MW. It claimed that...
• Vodafone wins $ 2 bn Hutchison Tax Case in SC, foreign investors cheer historic judgement
\n The Supreme Court has spared Britain's Vodafone Group Plc from paying $2.2 billion ( 11,800 crore) in taxes on its 2007 purchase...
• Big blow to tax dept, but FinMin may amend law to tax such deals in future
\n The government may have to take a hit of Rs 11,000 crore in tax revenue, with the Supreme Court’s ruling in favour of Vodafone in a long-pending...
• Import, excise duty hike to fuel gold, silver price rally
\n Consumers will have to shell out more for gold and silver jewellery, bars and coins.\n \n The cash-strapped government on Tuesday raised import...
• Govt depts must work together
\n The various arms of the government cannot be compartmentalised, as the result would be frustration of investigation, much to the delight of the fraudsters...
 
 

 
 
 
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