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Tax laws News

04 Oct 2016

Republican presidential nominee Donald Trump admits benefiting from 'unfair' tax laws

Republican presidential nominee Donald Trump has admitted greatly benefiting from "unfair" US tax laws, saying that he used them "brilliantly" to his advantage, but promising to change them if he becomes the President.

12 Nov 2015

Govt extends tenure of Lahiri Panel by 1 year

Government has extended by one year the tenure of a high level committee set up under former Chief Economic Advisor Ashok Lahiri to suggest steps to sort out taxation problem being faced by the trade and industry.

Income Tax laws

27 Oct 2015

Govt sets up panel to simplify Income Tax laws

To simplify Income Tax laws, the government today set up a committee under a former Delhi High Court judge to identify clauses that lead to litigations and suggest modifications to bring predictability and certainty in tax laws.

06 Apr 2015

What is due must be paid, India no tax haven: FM Jaitley

Finance Minister Arun Jaitley on Monday asserted that legitimate tax demand cannot be considered "tax terrorism" because India is not a tax haven.

10 Feb 2015

Foreign firms likely to be allowed to claim deduction on DDT

Some announcement in this regard is likely to be made by Finance Minister Arun Jaitley in his Budget on February 28, sources said.

05 Jan 2015

Italy puts a brake on new tax bill after Berlusconi-related uproar

Italy`s government halted an overhaul of tax laws on Sunday after a controversy erupted over whether the proposed measures might annul the 2012 tax fraud conviction of former leader Silvio Berlusconi.

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