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PTI
January 27, 2017
Seeking to assuage investor concerns ahead of implementation of GAAR from April 1, the Tax Department on Friday said the provisions of tax avoidance rules will not apply to a transaction that does not carry a tax benefit based on the jurisdiction it is routed through.


PTI
Visakhapatnam, January 27, 2017
FM Arun Jaitley said most contentious issues regarding the Goods and Services Tax (GST) have been sorted out between the Centre and states and the new indirect tax regime is at the final stages of implementation.


Pranav Kumar
January 30, 2017
Indian Banks of late had been running on fumes due to huge NPAs, which amounted to a massive Rs 6 trillion as of March, 2016. But after demonetization, reports say that up until 13th December 2016, almost Rs 12.4 trillion has found its way to back to the banks. This means that there is a fairly good possibility of recapitalization of banks through the money that came in through the IDS(Income declaration Scheme).


Mukesh Butani
New Delhi, January 24, 2017
The other key developments in 2016 include passage of Constitutional Amendment Bill for GST, dedicated action to deal with the menace of black money [Income Declaration Scheme, 2016 (IDS), amendment to Benami Property Transactions Act, etc.] and concentrated efforts to improve the tax administration.


Payal Tuli
January 20, 2017
Union Budget 2017 would be a unique budget for various reasons - first this time the budget will be presented on February 1, instead of accustomed date of February 28, second the rail budget would not be presented separately, instead would be merged with the Union budget, thirdly this could be populist budget so as to soothe the pain caused to masses due to demonetization drive; and last but not least this could be last budget for current indirect taxes, in case much awaited Goods & Services Tax (GST) is implemented during next financial year.


Kapil Nayyar
January 20, 2017
Union Budget 2017 is going to witness two historical changes. First is the change in the date of presenting the budget from 28th February to 1st February and the second being the merger of railway budget with the union budget.


Archit Gupta
January 19, 2017
The countdown to Budget 2017 has begun. Days following demonetisation have indicated that the government is tempted to dole out at least some tax relief to address its waning popularity.


PTI
January 16, 2017
Finance Minister Arun Jaitley on Monday said that the roll out of the GST has been deferred to July 1 after a GST Gouncil meeting.


PTI
New Delhi, January 16, 2017
The council has been deadlocked in the last four meetings, the last one being on January 4, with states seeking sole powers to control assessee with annual turnover of up to Rs 1.5 crore.


PTI
January 15, 2017
Finance Minister Arun Jaitley may address the transient pain of demonetisation by cutting corporate tax rates when he presents the Budget for 2017-18 in just over two weeks time.


PTI
New Delhi, January 2, 2017
Almost all respondents want the I-T exemption limit to be raised substantially while 58 per cent of the respondents were in favour of raising it to Rs 5 lakh.


Travis Kalanick
Delhi, December 26, 2016
But the problem is not so much cars themselves-it's how we use them.


PTI
December 19, 2016
The Income Tax department will soon begin sharing with the Petroleum and Oil Ministry details of all \"individual\" taxpayers whose annual income exceeds Rs 10 lakh, in an attempt to check pilferage of subsidy on cooking gas by the higher income groups.


BT Online
New Delhi, January 17, 2017
Parting from the colonial-era tradition of presenting the Union Budget on the last working day of February, the government will present it on February 1. And with the new beginning comes new expectations, which are already rising high.


Reuters
December 12, 2016
India is likely to miss a self-imposed deadline to launch the Goods and Services Tax (GST) from April after a meeting of federal and state officials ended on Sunday without deciding who would administer the tax.


Reuters
December 4, 2016
Finance Minister Arun Jaitley's plan to launch a new national sales tax next April got a jolt on Saturday after a two-day meeting with state officials ended without the resolution of a deadlock on who would administer the tax.


Suresh Rajan
New Delhi, November 28, 2016
An EB-5 visa allows an individual to make an investment of $500,000 through a licensed regional centre to acquire a US Green Card for themselves and their family (including all unmarried children up to the age of 21).


Amit Singhania
November 22, 2016
The demonetisation of high denomination currency notes by scrapping 500 and 1,000 rupee notes by the Central government is widely seen as a masterstroke in an attempt to combat the menace of unaccounted money in India and to weed out counterfeited high denomination notes.


PTI
November 20, 2016
Stalemate between the Centre and states over administrative control under the proposed goods and services tax (GST) regime continued today with an informal meet called by Finance Minister Arun Jaitley failing to break the deadlock.


PTI
New Delhi, November 15, 2016
All India Motor Transport Congress (AIMTC), claiming to have 93 lakh truckers, 50 lakh buses and tourist taxi and cab operators under its fold, said at least eight lakh drivers and conductors were severely impacted in the wake of de-legalizing of Rs 500 and Rs 1,000 currency notes.


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