As talks of a hike in goods and services tax (GST) rates gain momentum, there is a sense of disquiet among states regarding any major tinkering of the slabs, especially the lower tax slab and exempted items.
Questioning the Fund’s exposure to IL&FS and similar risky entities, the ministry of labour and employment has been asked by finance ministry to explain whether the EPFO has sufficient surplus for the payout decided for la
The tax department on Friday announced two reward schemes under which informants sharing ‘specific information’ about any benami transaction or property could get a reward of up to Rs 1 crore while information on undisclo
Last year, the I-T department set up two dedicated directorates · Directorate of Taxpayer Services I (‘TPS-I’) and Directorate of Taxpayer Services II (‘TPS-II’) for delivery and monitoring of taxpayer services in t
“The fieldwork will begin by the end of May. The data will be collected for April-June. We will take approximately two months to collect data and our aim is to bring out the survey for April-June by the first week of August
Most states, it appears, would not be able to exercise benefits of the extra fiscal borrowing space the Centre is providing, as it is likely going to be a tightrope for them, considering the conditions they need to fulfill.
The mandate of U-WIN or the unorganised workers’ identification number criss-crosses with that of Aadhaar’s and would lead to unnecessary duplication of work already being done under the ambit of the latter project, say g
Software major Tata Consultancy Services and utility vehicle maker Mahindra Group top the list of corporates involved in construction of toilets in schools under the government’s Swachh Vidyalaya Abhiyan initiative, account
Arun Jaitley on Thursday said the multi-agency group set up to probe offshore accounts disclosed in The Panama Papers and being reported by The Indian Express as part of an ongoing investigation is analysing each and every ac
Revenue Secretary Hasmukh Adhia has sent a terse missive to the Central Board of Direct Taxes (CBDT) chairman Atulesh Jindal seeking an explanation for a likely shortfall in direct tax collections in 2015-16.
States will have more room to borrow this financial year with the Ministry of Finance expected to soon approve relaxation of their borrowing limits beyond 3 per cent of Gross State Domestic Product (GSDP), subject to conditio