The service tax dept is said to have sent a fresh tax notice to Sebi in the beginning of 2017, taking its total tax dues to Rs130 crore from the earlier demand of Rs75 crore
1 min read4 Jul 2017The draft proposes to consolidate the existing laws relating to certain categories of financial institutions known as 'covered service providers', including banks
1 min read29 Sep 2016RBI is opposed to the idea of Financial Data Management Centre as it will reduce the independence of regulators
3 min read19 Sep 2016The government in the Union Budget 2016 had announced to do away with plan, non-plan distinction at the end of the 12th five-year plan
1 min read28 Aug 2016Effective 1 June, the equalization levy is aimed at indirectly taxing Internet firms like Google, Facebook and Twitter who make money from Indian advertisers
5 min read1 Jun 2016Devolution of taxes alone will not usher in a new federal set-up; it's time for fiscal federalism to be linked to resource federalism
7 min read23 May 2016Finance minister Arun Jaitley says the current state of Indian agriculture does not warrant any such tax
1 min read6 May 2016Temples and trusts have so far deposited a total of 1,512 kilograms of gold under the scheme, says minister of state for finance Jayant Sinha
1 min read4 May 2016Unless central and state financing is stepped up, the country's development will be affected, warn experts
3 min read28 Apr 2016The first notice came in March 2015 when the regulator had said it was exempt from the tax under the Sebi Act
3 min read27 Apr 2016The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared