New Delhi: Money does not grow on a tree nor does it fall from the sky. But most of our hard earned money goes in paying taxes. America's founding father Benjamin Franklin once said, "Nothing is certain in life but death and taxes". And high taxes certainly choke us every day. Brinda Mathur runs a PR firm. It's the start of a brand new week for her and she does...
08:44 AM, Mar 15, 2012
New Delhi: Cash-strapped Kingfisher Airlines has to pay Rs 40 crore dues in indirect taxes by March 31, Central Baord of Excise and Customs (CBEC) Chairman SK Goel said on Wednesday. The beleaguered airline has been in a financial mess and is unable be meet its obligations. "Kingfisher had an outstanding (service) tax dues of Rs 70 crore and the company had promised to pay in installments," Goel said on...
07:37 PM, Feb 22, 2012
New Delhi Finance Minister Pranab Mukherjee on Wednesday expressed hope that indirect tax collection target of Rs 3.92 lakh crore for the current fiscal will be met despite the economic slowdown. "I am confident that the department (Central Board of Excise and Customs) would not spare any effort in meeting the target. In fact, already indications are there (of meeting budget estimate)," Mukherjee said while speaking at a ceremony to...
02:21 PM, Feb 22, 2012
With the budget season approaching there are a lot of discussions and aspirations of what the budget would have in store for us. However there are a few questions which most people have in mind like what exactly is the union budget? How is it going to affect me? Do I have to be happy or worried? How will it be affecting my lifestyle? Let's answer these questions. Just like...
01:17 PM, Feb 16, 2012
New Delhi: Finance Minister Pranab Mukherjee on Monday proposed increasing the minimum alternate tax on firms, but scrapped a tax on commodity transactions. Following are some of the proposed tax changes: DIRECT TAXES No changes in corporate taxes Raises Minimum Alternate Tax (MAT) to 15 per cent from 10 per cent. The MAT was earlier introduced to make sure companies do not totally avoid taxation by claiming various deductions that...
08:25 PM, Jul 06, 2009
New Delhi: The honest taxpayer has made the Government rich. The Centres direct tax collections may surpass indirect tax collections for the first time ever. The Governments direct tax collections grew by 42.5 per cent last year and in 2008 it is expected to earn more. The numbers are impressive, as just 6 per cent of Indias working population"roughly about three crore people"pay taxes. Of that only 5.62 lakh file...
02:35 AM, Aug 01, 2008
Chidambaram promised to check inflation at below 4.5 pc with a mix of fiscal, monetary and supply side measures. ...
10:27 PM, May 03, 2007
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