GST has a good probability in tax horizon: Parthasarathi Shome

The government on Friday said it is examining recommendations of the Parthasarathi Shome panel on controversial retrospective tax laws introduced in the last Budget. "The recommendations of the Committee on retro-tax laws are under examination by the Central Government," Minister of State for Finance S S Palanimanickam informed the Lok Sabha through a written reply. The retrospective amendments to the Income Tax laws introduced in the Budget 2012-13 by the then Finance Minister Pranab Mukherjee ...

New Delhi: More dialogues are expected between the Centre and states in the coming months on some issues related to (GST), said Union Finance Ministry advisor Parthasarathi Shome."It can not be said when it (GST) will be introduced, but certainly ...

We will have a final form, which will reflect to the extent feasible, optimal tax policy. That is what we are working on. Of course, the DTC has many improved features compared to the current I-T Act. The Parliament Committee on Finance has looked ...

In a move that is likely to soothe frayed nerves of anxious investors, the government is likely to bring to Cabinet a proposal to hammer out an out-of-court settlement with British telecom giant Vodafone on its six-year-old Rs. 11,200-crore tax ...

introduced several retrospective amendments, purportedly "clarificatory", to the Income-tax Act, 1961, with respect to non-resident taxpayers. A key amendment was the extension of "royalty" to include payment toward shrink-wrapped software, ...

Kumkum Sen, Partner of Bharucha & Partners feels that the union budget 2013-14 should have abolished the Minimum Alternate Tax (MAT), which is levied on infrastructure companies. Sen argues that a high MAT rate can have a significant impact on the ...

Finnish firm served with a income tax demand of about Rs.2,080 crore, according to Delhi high court QUICK LINKS: People | Results | Management QUICK LINKS: People | Results | Management Some experts say there may be further disruptions on a larger ...

While the Sensex opened 30 points higher at 18827. the Nifty was up 17 points at 5676. Bajaj Auto, Coal India, Hero MotoCorp, Tata Motors, Jindal Steels, HDFC Bank, Tata Power, ICICI Bank, ITC, L &T are among gainers in Sensex and Nifty. Infosys, ...

Indian shares are set to open largely unchanged in line with a mixed trend across the Asia-Pacific region on renewed concerns about a Cyprus bailout and slowing euro-zone growth. Adding to concerns about Europe, ratings agency Standard & Poor's cut ...