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EXCHEQUER TAX RECEIPTS
Man bought demo car at big discount, RTO officer seized it citing Rs 60 lakh road tax dues; Karnataka HC gives relief to car ownerA Bengaluru RTO officer unlawfully seized Mr. Rama's demo car, leading to a zero FIR and charges of fraud. The Karnataka High Court quashed...
Budget Preview: Govt could use part of RBI dividend to reduce fiscal deficit, says Motilal OswalA transfer of Rs 2.11 lakh crore by the RBI implies excess receipts of about Rs 1.5 lakh crore in FY25, the MOFSL note said. MOFSL sees the...
Fiscal deficit for April-August at 32.6% of full-year estimateThe government's fiscal deficit at the end of August was 32.6% of the full year estimate, in line with 31.1% deficit last year during the s...
FinMin to monitor revenue, expenditure on daily basis from Mar 15 to keep fiscal deficit in checkThe move comes against the backdrop of a possible deferment of the initial public offering (IPO) of LIC, which was expected to fetch over R...
Arunachal sees over 17% drop in share of central taxes in April & May: Pema KhanduArunachal Pradesh's share in central taxes dropped by 17.81 per cent in the first two months of the current fiscal, adversely impacting the...
Iron industry players in Mumbai zone under lens over input tax credit frauds11 of 13 cases registered in Mumbai zone involve people from the industry
Multinationals get ready for BEPS, start impact analysis and mock runsIndian tax authorities may take an aggressive stance and trigger transfer pricing adjustments on certain transactions
Delhi HC stays 14% service tax on senior advocatesA senior advocate is an officer of the court assisting it in dispensation of justice and the service cannot be treated for taxation purpose...
Coal India's total receipts from consumers cross Rs 1 lakh crore in 2015-16If total receipts from consumers, including levies and duties, as well as other income are considered, the figure stands at Rs 1,04,111 cro...
Government raises 10,000 crore via rarely used tool, Bond Street surprisedBond dealers warned that given that the exchequer has a cash shortage, if the government's expenses are not controlled at this stage or div...
Delhi government cancels registration of 65 fraud tradersCommissioner (Trade & Tax) Yadav maintained that the raids will continue and the action against such bogus traders would be further intensi...
Service tax amnesty scheme yields Rs 5,500 croreVCES that was launched on May 10, 2013 to enable service tax defaulters to pay dues without penalty or late payment charges, closes tomorro...
- Bihar budget to boost growth rate: Nitish Kumar
Kumar today lauded the revenue suplus budget presented by his Sushil Kumar Modi and said that it will boost development, growth rate in the...
- Govt will stick to fiscal deficit target: Pranab Mukherjee
However, the Finance Minister said, the fiscal deficit would ultimately depend on final analysis based on revenue receipt and expenditure.
- Software piracy caused tax loss of $866 million in 2009: Study
A study has claimed that the Indian government had suffered huge revenue losses to the tune of $866 million in 2009 on account of the high ...
India lost $866 mn in taxes to software piracy in FY'09: StudyWith software piracy rate at 65% in 2009, the exchequer tax receipts loss was about $ 866 mn in net taxes, both indirect and direct, joint ...
- DTC may swell revenue collection in subsequent years
The proposed Direct Taxes Code (DTC) may have a neutral impact on tax revenue collection in its initial years of implementation but it’s li...
- 'States can expect more central funds this Budget'
Thanks to better compliance of direct taxes and improvement in indirect tax collection of the Union government, we are expecting greater de...
- Defaulting PSEs sour PC's fiscal dreams
Even as the fiscal responsibility and Budget management (FRBM) targets loom large on the government.
- Rlys propose to defer dividend again
NEW DELHI: FOR the third year running, the Railways propose to defer their dividend liabilities amounting to Rs 2,000 crore, citing poor in...