Tuesday 26 May 2015

Top Economy news of the day- May 26, 2015

Revenue Secretary asked the central board of direct taxes to put together a "strategy paper" for elimination of tax exemptions provided to corporates.

Newspapers1

Revenue Secretary asked the central board of direct taxes to put together a "strategy paper" for elimination of tax exemptions provided to corporates.

After finally notifying the mineral auction rules, the government is now planning to bring fresh mining exploration rules separately. The new rules don't have anything pertaining to non-exclusive reconnaissance permit, which is mandatory for preliminary exploration.

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