Finance - general
Arrest wilful defaulters, sell assets, CBDT tells taxmen
22 Jun 2016
The provisions of arrest, detention and auctioning of assets against tax evaders have rarely been used so far, but now the tax board has told its officers to freely use these stringent provisions
Black money compliance window opens
02 Jun 2016
Google tax, Krishi Kalyan Cess to compound service tax burden
01 Jun 2016
While a 0.5 per cent cess will take service tax rates to 15 per cent for most services, a 6 per cent “Google tax” on cross-border digital transactions will place a new burden on e-commerce start-ups
Five SBI associates may merge into a new state bank
17 May 2016
The proposal, mooted by All India Bank Employees' Association (AIBEA), is reported to have the backing of union finance minister Arun Jaitley
Govt rescinds order banning PF withdrawal amidst violent protests
19 Apr 2016
With the rescinding of the order, curbs to accessing the entire provident fund corpus, which were to come into effect from 1 May, now stand withdrawn, subject to certain conditions
US firms using loopholes to pay little or no tax
15 Apr 2016
Some of the biggest American companies, including Apple and Coca-Cola, are stashing their profits abroad in order to avoid paying US taxes, studies in the wake of the Panama Papers scandal show