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Tax Centre News
taxes_news
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UK's Brown: G20 should consider bank tax urgently
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Reuters
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Sat 07 Nov, 05:00 PM
ST ANDREWS, Scotland (Reuters) - A tax on financial transactions to fund future bank bailouts should be considered with urgency, British Prime Minister Gordon Brown said on Saturday, a significant departure from London's line to...
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No VAT on Cars/bikes to be purchased by army personnel
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HT
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Sat 07 Nov, 12:53 PM
The State Government has decided to exempt cars and motorbikes/scooters from levy of the Value Added Tax (VAT) in case vehicles are purchased by serving and ex- army men. The State Cabinet took a decision to this effect last week and now the...
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Another UBS client gets reduced tax fraud sentence
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Reuters
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Sat 07 Nov, 06:10 AM
FORT LAUDERDALE, Fla. (Reuters) - A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month prison sentence for tax fraud on Friday because he cooperated with a U.S. investigation into the...
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Nath keen to rope in LLPs for highways
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Indian Express
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Sat 07 Nov, 03:24 AM
Faced with the challenge of awarding road projects worth Rs 1 lakh crore over the coming year, surface transport minister Kamal Nath is exploring a new funding mechanism for the cash-starved highways sector roping in limited liability partnerships...
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Finmin: 3% deficit only by FY15
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Indian Express
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Sat 07 Nov, 03:22 AM
Setting a new timeline for consolidation, the finance ministry has projected that it would be able to wipe out the revenue deficit and rein in the fiscal deficit at 3% of GDP only by 2014-15. The estimates bank significantly on the economy staging a...
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Dispute resolution panels face delay as CBDT works on new norms
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Indian Express
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Fri 06 Nov, 04:30 AM
Despite promising a slew of measures to tackle cross-border tax troubles in the Union Budget 2009-10, Central Board of Direct Taxes (CBDT) is yet to take any action on two key proposals of setting up dispute resolution panels across the country and...
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