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European countries in particular say the so-called GAFAGoogle, Apple, Facebook and Amazonare unfairly exploiting tax rules that let them declare profits in low-tax havens, depriving them of a fair share of their fiscal payments.

France says it will go ahead with taxing Big Tech if US plays hooky on...

In January, 137 countries, including India, agreed to negotiate tax on tech firms but since tech gains during lockdown,...

18 Jun 2020 6:57 PM IST

Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could top up their taxes to the 15% minimum, eliminating the advantage of shifting profits.

What is the global minimum tax deal that India, 135 other nations have...

The minimum tax and other provisions aim to put an end to decades of tax competition between governments to attract...

9 Oct 2021 1:32 PM IST

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon Session of Parliament, in New Delhi, Thursday, August 5, 2021. (LSTV/PTI Photo).

Centre foregoes retro tax power

Introduces Bill to amend Income-Tax law

6 Aug 2021 12:58 AM IST

Mercedes-Benz has launched a special edition of the GLS SUV in India.

Favourable tax structure required to launch EVs in India: Mercedes

The fully imported completely built units (CBU) of EVs should be treated at par in terms of taxation.

6 May 2018 2:20 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Finance ministry considering to exclude income from minor asset...

Virendra Kumar said the request to carry out amendment in the Income Tax Act was under the consideration of the Finance...

2 Aug 2018 4:07 PM IST

Auto component industry on Monday sought uniform 18 per cent GST across the sector stating that low taxation would lead to better compliance and larger tax base.

Auto components industry seeks uniform 18 pc GST on all products

Currently 60 per cent of the components attract 18 per cent GST rate.

6 Aug 2018 5:22 PM IST

ncome Tax return forms being revised. (PTI Photo)

I-T revises return forms to enable taxpayers avail benefits of...

The new income tax returns forms will be notified by the month-end and return filing utility would be available by May...

19 April 2020 6:53 PM IST

Jet Airways Chairman Naresh Goyal.

Higher airport charges, taxation shackle industry: Naresh Goyal

Current airport infrastructure is unable to keep pace with the breakneck growth in capacity and traffic.

27 Aug 2017 5:55 PM IST

Illegal cigarette trade is more than 20 per cent of the cigarette industry in India.

Have a tax rate that disincentivises cigarette smuggling: FAIFA

GST is an opportunity for the government to ensure illicit trade is eradicated from the country.

15 May 2017 1:55 PM IST

Urban Development Minister M Venkaiah Naidu. (Photo: PTI)

Main aim of GST is to simplify taxation process: Venkaiah Naidu

GST was deliberated for more than 15 years and only then was it implemented.

5 July 2017 8:17 PM IST

Representational image.

GST Council may review steep levy on hybrid cars

Incidence of GST on mid and large-sized hybrid cars has been kept at same level as passenger cars.

24 May 2017 4:56 PM IST