Cab drivers from Noida and Ghaziabad are now filling their CNG tanks in Delhi. The price difference between Delhi and Uttar Pradesh cities ...

Farmers call the hike inadequate while industry warns of rising cane arrears

Several prominent charitable organizations in Mumbai are facing the cancellation of their tax registrations. The tax department cites comme...

The turnover limit for small startups claiming deduction is to be determined by the provisions of Section 80-IAC of the I-T Act and not fro...

Explaining the provision, CBDT said any profit-linked deductions which are allowed under part C of Chapter VI will not be permitted if tax ...

The statement also added that the Finance Minister has accepted several recommendations of Justice Easwar Committee, including extension of...

Dr Reddy's Laboratories has said the Centre's decision to introduce sunset clause for Special Economic Zones from March 2017 is "at odds" w...

Government may not extend sunset clauses with regard to tax exemption and phase out investment- linked and area based deductions as part of...

Revenue forgone due to incentives and tax exemptions to corporates increased by over 10 per cent to Rs 1.03 lakh crore in 2013-14 from a ye...

Effective tax rate has been gradually rising as a result of the phasing out of profit-linked deductions in previous budget.

DTC was touted as a big facelift of the Income Tax law but a number of its provisions, considered harsh, were diluted or some such as GAAR ...

The Union Budget 2012-13 saw quite a few changes being announced by the Finance Minister Pranab Mukherjee. Here is a look at the highlights...

The Organisation of Pharmaceutical Producers of India (OPPI) has sought benefits for units engaged in the business of R&D and contract manu...

It is welcome the DTC Bill has rationalised tax incentives for infrastructure projects, so as to boost efficiency and transparency.

The 7.5% surcharge on corporate tax is set to be scrapped and there will be no cess on taxes, at least in the short term.

Finmin rejects Oilmin’s proposal to extend 7-year holiday in coming bidding.

Dashing industry's hopes for a rethink by on the proposal for doing away with I-T exemption for SEZs, Revenue Secretary said it's not possi...