The income tax department will seek to eliminate the hassle of paying taxes and reduce the cost of compliance significantly while making sure its handling of large cases of tax evasion will send a strong signal of deterrence, said Anita Kapur, chairp

Supported by across the board buying after MSCI deferred inclusion of China A stocks to its benchmark index, the key benchmark index BSE Sensex recovered from its nearly 8-month lows and snapped 6-day losing streak on Wednesday. Strength in rupee aga

The effective incidence of service tax on food bill in air conditioned restaurants will go up to 5.6 per cent as against 4.94 per cent previously, a senior finance ministry official said today. The increased incidence follows government raising servi

Slapped with a fresh 'cease and desist' order by fair trade regulator CCI, realty major DLF has said it is "very surprising" that no penalty has been imposed on various other realtors operating in the same market with the same product line. In a fre