Under the Exempt-Exempt Tax (EET) principle, the contributions towards certain savings are deductible from income (this represents the first ‘E’ under the EET method), the accumulation/accretions are exempt...
Union Government has appointed senior IRS officer Najib Shah as the chairman of Central Board of Excise and Customs(CBEC). His appointment was confirmed by Appointments Committee of Cabinet...
The Reserve Bank of India (RBI) has granted permission to the Indian corporate to issue offshore rupee-denominated bonds (Masala Bonds) outside India. In this regard, Union Government has...
Union Finance Ministry has launched an e-Sahyog pilot project of Income-Tax Department to facilitate taxpayers to reduce their need to physically appear before tax authorities. It was launched...
Union Government has constituted a committee to simplify the provisions of the Income Tax Act (IT), 1961 under the Chairmanship of former Delhi High Court Judge, Justice R.V....
British telecom giant Vodafone has the transfer pricing tax dispute case against Indian Income Tax authorities after Bombay High Court ruled in its favour. The court decision came...
Union Cabinet has approved the Protocol amending the Double Taxation Avoidance Convention (DTAC) India-Israel and Double Taxation Avoidance Convention (DTAC) between India-Vietnam and. Decision in this regard was taken...
Maharashtra government has decided to impose ‘drought tax’ in a bid to raise funds to tackle the drought like situation in the state. Decision in this regard was...
Union Government has accepted Justice AP Shah Committee report on the Minimum Alternative Tax (MAT) on foreign institutional investors (FIIs). By accepting the recommendations, Government will not impose...
Union Finance Ministry appointed committee chaired by retired SC judge A P Shah has recommended that Minimum Alternate Tax (MAT) should not be imposed on FIIs retrospectively for...
