- Revenue target difficult to meet
Finance secretary Sunil Mitra said on Wednesday that meeting revenue targets for the current fiscal may be difficult.
- Slowing growth to impact revenue collection: Finmin
Mitra opposed any roll-back of customs or excise duty on petroleum products and said such an action could also impact indirect tax collecti...
- DTC on track for April, 2012 rollout: Revenue Secy
The government today hoped rollout of Direct Tax Code by April 2012 but things are not on track in case of Goods and Services Tax (GST).
- Indirect tax kitty up 50% in Apr-Nov
Indirect tax collection has registered a growth of 50% till November 2010 over the corresponding period last fiscal, revenue secretary Suni...
- Income tax dept to open 10 overseas I-T units
The Income Tax Department has begun opening overseas tax units in countries with low tax.
- GST rollout only after April 2011, says Finmin
The finance ministry admitted that the proposed goods and services tax regime will not be implemented from April 1, 2011 and said that no t...
- Government to exceed revenue target
Revenue secretary Sunil Mitra told TOI that going by the buoyancy in tax collection, total revenue collection in current fiscal year would ...
DTC has been compromised: Sunil MitraIn an interview with ET Now, Sunil Mitra, Revenue Secretary, spoke about DTC and tax reforms. Excerpts:
DTC stakeholders will be a happier lot: Sunil MitraRevenue secretary Sunil Mitra is a satisfied man . Having kept his word on finalising the DTC draft within the month, he is sure that this ...
- Direct Taxes Code watered down to keep all happy
The government has retained the form, but abandoned the spirit of the Direct Taxes Code (DTC) to have a simple, clean tax system without ex...
- DTC will enforce a buoyant revenue system: Sunil mitra
Sunil Mitra, revenue secretary, spoke to ET Bureau explaining the finer details of direct tax code.
- Govt to table new direct taxes code in Parliament in next session
The government today said that it will introduce a draft legislation on the Direct Taxes Code , which would replace half-a-century old Inco...
- Revised DTC draft by first week of June
The finance ministry will publish a revised draft Direct Tax Code (DTC) by early-June to invite public comments.
- Direct Tax Code Bill to be introduced in monsoon session
Government will introduce the bill for a direct tax code in the monsoon session of parliament, revenue secretary Sunil Mitra said on Friday.
Booking home before July may let you escape 3% taxThe cost of flats will go up 3.3% of the total purchase consideration once service tax begins to be levied on construction.
- We need to change the mindset: Revenue secretary
Sunil Mitra took charge as the revenue secretary at a time when the fiscal deficit is at a 16-year high of 6.8%. And he has been given the ...
- Talks on for selloff in 60 CPSUs: Disinvestment secretary
Disinvestment Secretary said that there are 10 listed PSUs where the public holding is less than 10% and around 50 state-run firms which ar...