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31/07/2010 : SEZs to retain tax sops, with riders
Units located in special economic zones (SEZ) are likely to retain the income tax concessions even after introduction of the Direct Taxes Code. Read full Story Business Standard July 31,2010
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31/07/2010 : India, Switzerland conclude talks to revise tax treaty
The government has concluded the renegotiation for widening the ambit of its tax treaty with Switzerland to access information on Swiss bank accounts, a big step towards tracing Indian money stashed away overseas. Read full Story The Economic Times July 31,2010
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31/07/2010 : SEZ units must pay property tax, says HC
Private entrepreneurs having their units in the Special Economic Zone (SEZ) cannot seek exemption from property tax unless specific exemptions are given by the state government and the local body concerned, the Madras high court has ruled. Read full Story The Times Of India July 31,2010
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31/07/2010 : Common rules for services, goods tax on road to GST
The crucial issue of harmonising the service tax rules with those on taxation of goods is set to be addressed soon, marking another progress in the direction of roll out of the comprehensive goods and services tax (GST) regime. Read full Story The Economic Times July 31,2010
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31/07/2010 : Forex reserves jump $1 billion to $283 billion
Foreign exchange reserves rose sharply during the week ended July 23, largely on account of inflows through the portfolio investment route and partly due to revaluation of non-dollar assets in reserves. Read full Story The Economic Times July 31,2010
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31/07/2010 : Rs 3,360 cr: Vadodara I-T dept's target for 2010-11
The Vadodara circle of income tax (I-T) department has set a target of earning Rs 3,360 crore for the financial year 2010-11 from the region an amount which is 12 per cent more than last year's revenue. Read full Story The Times Of India July 31,2010
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31/07/2010 : Incomplete TDS certificates hold up tax refunds
Dr GK Awasthi (name changed), 55, had a tough time getting a refund of the tax deducted against his fixed deposits with public sector banks, as the tax deduction at source (TDS) certificates issued to him by the banks did not mention his permanent account number (PAN). Read full Story Hindustan Times July 30,2010
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31/07/2010 : First housing start-up index by December
Almost two years after the Reserve Bank of India (RBI) had suggested the compilation of a housing start-up index (HSUI) to measure the construction of housing projects, the ministry of housing and urban poverty alleviation has now said that the index should be ready by December. Read full Story Express India July 30,2010
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31/07/2010 : Civic body nod for agency to identify properties for assessment of tax
The Pune Municipal Corporation (PMC) standing committee on Thursday approved the proposal to appoint an agency to identify properties in its jurisdiction that have not been assessed for property tax and change in use. Read full Story Indian Express July 30,2010
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31/07/2010 : Don't forget income from other sources
By submitting her investment declarations by June 2009 to her employer, Shweta Jaiswal thought she had done her bit. Later, she realised she had an additional tax liability of Rs 30,000 on her other income. Read full Story Business Standard July 30,2010
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31/07/2010 : Activists blame BMC for going soft on builders
Activists blame the civic authorities for not enforcing the rules on parking spaces, thus, allowing builders to go scot-free. Read full Story Hindustan Times July 30,2010
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31/07/2010 : No tax liability in India: Vodafone CEO
Even as the income tax department claims that the telecom giant Vodafone is liable to pay tax in India for the multi-billion dollar deal it clinched with Hutchison International in 2007, the company today reiterated that it does not owe any tax to the department on the $11.1-billion deal. Read full Story Indian Express July 30,2010
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