Income Tax

Government to shortly launch ‘Biometric Smart PAN Cards’ for Tax Payers

Finance Minister P. Chidambaram has informed that soon biometric smart Permanent Account Number (PAN) cards may be issued to reduce chances of duplication and to ensure better tax compliance.

Diamond traders seek tax turnover

Surat, Feb 19: DiamondDiamond traders are demanding a higher turnover tax and a special package in th

Indian Industry Seeks Tax Cut In Upcoming Budget

In order to maintain high economic growth, India has to slash personal as well as business tax rates, and lower excise duty rates on manufacturing commodities in the future budget.

Direct Tax Collections Surge 42.9% Till Nov 15

direct_taxNew Delhi: Direct tax collections have continued their run regardless of a decrease in

Govt. Frees Exporters From Tax On Transport Services

New Delhi: Providing ease to exporters affected by the rupee appreciation in the exchange market, the administration declared they would be relieved from the tax on services rendered by road transp

Exporters get relief from Service Taxes

The finance ministry has announced exemption for exporters from services taxes by ports, railways and road transport. Many exporters have been hit badly due to recent downtrend in US dollar. The rupee value has appreciated recently and has hit the net profits of many companies.

The statement issued by Finance Ministry said, "Government has issued a notification providing refund of service tax paid by exporters on four taxable services, which are not in the nature of input services but could be linked to export goods."