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Revenue concerns keep auto out of GST rate cut ambit

New Delhi, Oct. 7 -- The Goods and Services Tax (GST) Council wants items of regular consumption currently in the 28% tax bracket to be "progressively" brought to 18% slab, but levies on automobile se... Read More


After RIL, IOC plans to establish supply chain of plastic waste

India, Oct. 3 -- State-run Indian Oil Corporation (IOC), country's largest fuel retailer, plans to establish a robust supply chain of waste single-use plastic to be recycled as road construction mater... Read More


No MAT credit for companies that opt for lower tax regime

New Delhi, Oct. 3 -- Domestic companies opting for the recently announced lower tax regime of 22% will not be able to bring forward the loss on account of additional depreciation or avail accumulated ... Read More


Pay-offs from tax cuts aren't visible immediately: Kotak

New Delhi, Oct. 3 -- A decrease in borrowing rates and some relief in income tax are key policy interventions required to revive consumer sentiment and boost the economy, Shanti Ekambaram, president o... Read More


Amendment in mining rules will ensure raw material supply: Dharmendra Pradhan

India, Oct. 2 -- The Ministry of Mines has amended the Mineral (Mining by Government Company) Rules 2015, to ensure raw material security and seamless renewal of mining leases allocated to public sect... Read More


I-T notices without computer generated identification numbers invalid, says finance minister Nirmala Sitharaman

India, Oct. 2 -- Communications from the income-tax (I-T) department including I-T notices without computer generated document identification numbers (DIN) would be treated as invalid from October 1, ... Read More


Govt plans rejig in personal tax slabs to boost spending

New Delhi, Oct. 1 -- The government is considering rationalising personal income tax rates in a move that will result in the increase of disposable incomes, especially among the middle class, and hope... Read More


Govt plans rejig in personal tax slabs to boost spending

New Delhi, Oct. 1 -- The government is considering rationalising personal income tax rates in a move that will result in the increase of disposable incomes, especially among the middle class, and hope... Read More


Govt plans rejig in personal tax slabs to boost spending

India, Oct. 1 -- The government is considering rationalising personal income tax rates in a move that will result in the increase of disposable incomes, especially among the middle class, and hopefull... Read More


Firms can set up units to avail tax cut, but with riders

New Delhi, Sept. 30 -- Existing companies can set up new units to avail the lowest corporate tax rate of 15%, but with some riders-they cannot form new corporate entities by the splitting up or recons... Read More