Despite slowdown in the Indian economy, revenue collections by income tax in Gujarat have registered a growth of 15% in the first 11 months of the financial year 2008-09 over the corresponding period last year. While nationally, income tax revenue has registered a growth of 11.89% in the same period.
Finance Minister P. Chidambaram has informed that soon biometric smart Permanent Account Number (PAN) cards may be issued to reduce chances of duplication and to ensure better tax compliance.
In order to maintain high economic growth, India has to slash personal as well as business tax rates, and lower excise duty rates on manufacturing commodities in the future budget.
New Delhi: Providing ease to exporters affected by the rupee appreciation in the exchange market, the administration declared they would be relieved from the tax on services rendered by road transp
State surpasses national growth rate of 11.89% 
Diamond traders are demanding a higher turnover tax and a special package in th
New Delhi: Direct tax collections have continued their run regardless of a decrease in
