The government today said it has no vindictive intention in retrospectively amending tax laws and has no plans to re-open a large number of old cases, while assuring India Inc that the I-T Department will not act like a &quot;policeman&quot;.

No large scale re-opening of I-T cases, FM assures industry

Press Trust of India

Bullion and jewellery markets remained closed for tenth straight today in various parts of the country to protest imposition of excise duty on unbranded jewellery and doubling of import duty on gold.

Bullion traders strike enters tenth day

Amid fears that FIIs may be taxed for short-term capital gains in stock markets, the government today said it will examine and modify the General Anti Avoidance Rules (GAAR) if required.

Will examine and modify GAAR if required, says FM

Bowing to protests by jewellers and demands in Parliament, Finance Minister Pranab Mukherjee hinted at a rollback of the excise duty on unbranded jewellery but ruled out going back on the hike in import duty on gold and platinum.

Pranab agrees to reconsider duty on unbranded jewellery

The strike by bullion traders and jewellers to protest the proposed increase in import duty on gold and imposition of excise duty on unbranded jewellery entered the 12th day today.

Bullion market remained closed for 12th day

The strike by bullion traders and jewellers to protest the proposed increase in import duty on gold and imposition of excise duty on unbranded jewellery entered the 13th day today.

Bullion traders strike enters 13th day

The government today said it will clarify its position on taxation of investments from overseas, amid foreign institutional investors (FIIs) expressing concern on the proposed anti-tax avoidance rules.

Govt will clarify stance on P-Notes taxation: Pranab

Under pressure to meet a respectable percentage of its Rs 40,000-crore disinvestment target for 2011-12, the government is set to finalise a plan early next month to hasten the selloff process in at least some public sector undertakings (PSUs).

Government hopes rest on auction, faster FPOs

Business Standard

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