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Taxation



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By India Business on January 05,2007

Budget '07: Service Tax Likely To Be Raised


imageThere is a strong possibility that the forthcoming Budget might see an increase in the service tax rate from the current 12% to almost 14%. The ... [full story]


By India Business on August 25,2006

MNC’s Tax Arrears Stand At Rs 6,385 cr


imageThe government has disclosed that various multinational companies have accumulated tax arrears of over Rs 6,385.09 crores assessed during the financial year 2005-06. In addition ... [full story]


By India Business on July 25,2006

No Extension Of Deadline for Filing Returns


imageThe income tax department has ruled out any extension in date for the salaried class, although the dates for the filing of non-auditable accounts have ... [full story]