Sunday, March 16, 2008

India Tax News 16 March 2008

Top taxman advises better pay up
Times of India - India
And no prizes for guessing that Indian ODI cricket captain Mahendra Singh Dhoni was the highest individual tax payee in Bihar and Jharkhand. ...

I&B ministry sets up panels to rationalise high entertainment tax
Economic Times - Gurgaon,Haryana,India
The committee will consist of members from Cable Operators Federation of India, MSO alliance, DTH players and entertainment commissioners of states like ...

Government denies any exodus of officers from tax department
Times of India - India
NEW DELHI: A total of 247 Group 'A' officers working in the Income Tax, Service Tax, Customs and Excise departments have left voluntarily during the last ...

Tax revenues will finance waiver: PC
Times of India - India
"This was possible because of the higher bouyancy in tax revenues," he said. The FM said the money for the farm sop — waiver and OTS — would come from ...

Senior citizens not cared for enough
Hindu Business Line - Chennai,India
Concern for the aged was reiterated again by Mr Jaswant Singh in his 2003-04 Budget speech: "India will shortly become home to the second largest number of ...

Industry body for 8 pct uniform tax on retail fuels
Reuters India - Mumbai,India
India, which imports 70 percent of the fuel it consumes, raised retail fuel prices last month. A multitude of central and state taxes keep retail prices ...

Chidambaram Says Debt Waiver to Be Funded by Taxes (Update1)
Bloomberg - USA
By Kartik Goyal March 14 (Bloomberg) -- India will fund the country's $15 billion farm debt waiver program from the money it gets from tax collections and ...

Darling fails to deliver
ComputerWeekly.com - UK
Without them, the UK faces a struggle to compete with the highly trained IT professionals in places such as India, where tax breaks for training are taken ...

India likely to meet FY08 revised tax target
Reuters India - Mumbai,India
NEW DELHI (Reuters) - India is likely to meet a revised tax collection target of 5.83 trillion rupees for 2007/08 going by current trends, a junior finance ...

Indian exchanges hopeful on commodity tax reversal
Futures Options Week - London,UK
Two of India's largest exchanges believe that the commodity tax unveiled by the Indian government earlier this month could be reversed. ...

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