MillenniumPost

IT probe against parties to check evasion

21 Jun 2012 6:53 AM IST
The Income Tax department has launched a probe against a number of political parties as well as charitable and religious trusts after it found that...

Moily asks PM to reconsider retro tax

20 Jun 2012 5:19 AM IST
Joining the chorus against the retrospective tax amendment, corporate affairs minister Veerappa Moily has asked the  Prime Minister to reconsider the...

Farmers' group against toll collection

18 Jun 2012 6:53 AM IST
Farmers' advocacy organisation Vidarbha Jan Andolan Samiti [VJAS] Sunday lent its support to the ongoing protest against toll collection across the...

Meghalaya lowers VAT on petrol

14 Jun 2012 7:37 AM IST
The Meghalaya government on Wednesday decided to bring down the VAT on petrol, a decision which would come into effect from Friday, Chief Minister...

15 days gone, VAT rollback a distant dream

14 Jun 2012 7:17 AM IST
Over a fortnight after making an announcement to slash VAT on hiked component of petrol, Delhi government is yet to implement the decision which will...

Direct tax collection up 3.6% in April-May

14 Jun 2012 5:46 AM IST
The gross direct tax collection grew marginally by 3.62 per cent to Rs 52,232 crore in the first two months of the current fiscal.The gross...

Raj attacks Maharashtra govt on toll tax

13 Jun 2012 7:20 AM IST
Maharashtra Navnirman Sena [MNS] chief Raj Thackeray Tuesday trained his guns on the toll collection policy of the Congress-led state government and...

Indirect tax collections rise 16.1% in May

12 Jun 2012 6:40 AM IST
Indirect tax collections have increased by 16.1 per cent to Rs 37,166 crore in May on the back of rise in excise duty and service tax rates.The...

East mulls taxing corporate food outlets

12 Jun 2012 6:11 AM IST
East Delhi Municipal Corporation [EDMC] is mulling proposal to tap corporate food outlets by exacting licensing fees. The corporation is also slated...

High tax, ATF hurting aviation sector: Singh

11 Jun 2012 7:58 AM IST
With the aviation sector facing acute crisis, civil aviation minister Ajit Singh is unhappy over the recent increase in service tax on air tickets and...

Germany mulls transaction tax to raise funds

9 Jun 2012 2:38 PM IST
Germany’s centre-right coalition government and the main opposition parties have agreed in principle to introduce a finance market transaction tax in...

‘Diesel tax on cars won’t cut subsidy burden’

9 Jun 2012 2:36 PM IST
Additional taxes on diesel cars and utility vehicles will not help bring down petroleum subsidy significantly and the government will rather have to...
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