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.

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

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

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."

New Delhi: The government is expected to bring in biometric PAN cards shortly to tackle the problem of increasing misuse of Permanent Account Number (PAN) cards.

Finance Minister, P Chidambaram said in Lok Sabha that a combined Working Group in the Finance Ministry has given its statement after getting technical and commercial propositions from top biometric solution providers.