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New Delhi, 11th May (IANS): The Undisclosed Foreign Income and Assets bill, providing for heavy penalties for stashing black money away in foreign accounts, was passed by the Lok Sabha on Monday.
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New Delhi, 11th May (IANS): The Central Board of Direct Taxes (CBDT) on Monday said it will not issue any new demands for payments, and will take no coercive action to pursue claims that have already been filed under the controversial minimum alternate tax (MAT).
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New Delhi, 10th May (IANS): Gifts manufacturing company Archies, in collaboration with international NGO Sulabh International, on Sunday launched a new campaign that aims at improving the life of widow mothers across India who have been shunned by their children.
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Mumbai, 9th May (IANS): The minimum alternate tax on capital gains that has been sought from foreign funds could lead to further exodus from the Indian stock markets if the government does not resolve the matter soon, global ratings agency Fitch has said.
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Washington, 8th May (IANS): The US Justice Department imposed a fine exceeding $232 million on a subsidiary of oilfield services firm Schlumberger for facilitating illegal trade with Iran and Sudan and trying to disguise the transactions.
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