The philosophy behind inheritance taxes is that wealth should be created and earned, rather than inherited
FM has imposed an added responsibility on chartered accountants to report tax avoidance arrangements as an integral part of tax audit report
Want the govt to reduce MAT as it was introduced for NIL tax rate companies
Majority of states do not report data on liabilities and guarantees in the prescribed format, the report says
RBI data show state has raised Rs 17,300 crore through state development loan
Wants tax exemption for small houses of under-60 sqmt of carpet area
They want govt to address issue of double incidence of charging STT
To take off provided allocations for medicines are doubled
Economists prefer death tax, also known as inheritance tax, over the so-called super rich tax as a prescription for raising resources for the government
According to Finance Ministry, in the past two months gold imports have risen
Q&A with Planning Commission deputy cgairman Montek Singh Ahluwalia
Subsidised services will lead to cutting down development initiatives
Fin Min has slashed expenditure of many ministries in revised budget estimates
Q&A with Head Research, IndiaNivesh Securities
Lokpal, Food Security Bill high on government agenda
Will take latest GDP estimate of 5% for FY13 into account while making next policy: Subbarao
Also being considered is Rs 50 lakh-1 cr taxable income bracket