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India sees taxes keeping fiscal deficit within target
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Reuters - 16:08
NEW DELHI (Reuters) - India's fiscal deficit for the financial year to end-March will be below its budget target due to expected robust tax receipts, Finance Minister Palaniappan Chidambaram said on Tuesday. ...
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Futures ban may not impact inflation, commexes to be hit
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HT
- 1:19
The government's decision to ban futures trading in four more commodities - soya, potato, rubber and chana -- will not likely have any major impact in taming inflation, but it could hurt the country's commodity exchanges. ...
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Govt extends tax holiday for software firms
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Reuters - 13:52
NEW DELHI (Reuters) - Finance Minister Palaniappan Chidambaram on Tuesday extended by a year a tax holiday scheme for export-driven software companies as he outlined some changes to the federal budget for 2008/09.
The scheme for facilities based in technology parks was set to expire in March 2009.
The government had announced a 10-year tax holiday for the units in April 2000 under a policy aimed at encouraging growth in the sector.
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Wine sales boom in Hong Kong
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IANS
- 12:42
Hong Kong, April 24 (DPA) Wine has boomed in popularity in Hong Kong since tax on the drink was abolished in the spring budget, government figures indicated Thursday. ...
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FMC seeks withdrawal of commodity tax
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Reuters - 12:40
MUMBAI (Reuters) - Commodity markets regulator, Forward Markets Commission (FMC), has sought a withdrawal of the commodity transaction tax (CTT) proposed in the central budget for 2008/09.
"We want complete withdrawal of CTT," B. ...
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India oil licensing round deadline extended again
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Reuters - 14:54
NEW DELHI (Reuters) - India has again pushed back the deadline for bids in its latest and largest licensing round, by three weeks, because clarity on tax proposals unveiled for the energy sector in the budget has yet to emerge, an industry regulator said. ...
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India FY08 indirect tax receipts exceed target
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Reuters - 17:50
NEW DELHI (Reuters) - India's indirect tax receipts for 2007/08 exceeded the annual target and were at 2.79 trillion rupees, an official said on Thursday, prompting analysts to predict that the government is set to meet the budget deficit. ...
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India's March passenger car sales jump on tax cuts
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Reuters - 16:42
NEW DELHI (Reuters) - India's domestic car sales in March rose sharply by an annual 12.2 percent, data from an industry body showed on Thursday, helped by new models and lower prices after cuts to excise taxes in the federal budget. ...
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