Page 8 - Vrishti Beniwal

Inheritance tax unlikely to be re-imposed

For a government that is struggling to keep its fiscal deficit low, levying a tax on inherited wealth might be a tempting way to shore up tax revenues

Little tax relief on the cards

Finance Minister Arun Jaitley may not raise I­T exemption limit to Rs 5 lakh

Vodafone tax dispute: Govt might waive interest & penalty

While an amendment to the I-T Act is not necessarily required to waive interest, the government might choose to do so in this case, as the amount involved is huge

No pass-through status for alternative investment funds

AIFs are a private pooled investment vehicle that collects money from investors for investing in a defined policy

Finance ministry looking at public banks' consolidation

The ministry has already discussed the issue with some large banks to figure their preparedness

Budget resuscitation likely for IDRs

FinMin might announce tax clarity for IDRs; currently, I-T Act does not recognise these instruments, so there is confusion over tax treatment

Plan, non-Plan distinction for expenditure might go

Could be recommended in Finance Commission's Oct report and be accepted

Excise duty on branded garments might return

Health minister's proposal for higher tax on cigarettes could be okayed; FinMin looks for more revenue avenues

Companies may get to borrow more abroad

Finance ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo

DFI tag will help us lend to infrastructure for the long term: Malay Mukherjee

Interview with Managing director, IFCI

Nokia tax dispute may go the Vodafone way

No info shared yet, open to working with India: Swiss

Says resolution to the issue could only be found within the legal frameworks

MNCs' tax woes likely to end

Budget may allow use of advance-pricing agreements for past cases

Govt banks: Higher NPAs may pinch brass' pocket

FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management

Finance ministry may veto Shome recommendations on revenue boards

TARC has suggested subsuming CBDT and CBEC in a common Tax Policy and Analysis unit

FinMin mulls fixed 5-year term for PSB chiefs

And, 3 years for EDs, beside changes in selection criteria for boards; proposals discussed with Finance Minister Arun Jaitley

May sees modest pick-up in indirect tax collections

Refunds, uncertain state of economy keep April-May collections only 4.4% higher, well below year's target

Mundra likely to be next RBI deputy governor

Green signal from Jaitley; CVC okays Hemant Contractor for head of PFRDA

Soon, you won't need smartphone for mobile money transfers

FM might next month launch mobile banking services for people not using smartphones, the move aims at pushing financial inclusion in India

Subsidy reforms on cards

Govt mulls gradual increase in prices of domestic cooking gas, urea