Indian companies have reported an average increase of about 10% in advance tax outgo in the April-June quarter, according to sources in the income tax department.
The government's collection from the STT, has dipped over 14% in the first two months of this fiscal, reflecting a negative market sentiment.
UB Group companies jumped as speculation resurfaced that the world's largest spirits company Diageo may be in talks with the group's top brass to buy a stake.
Bracing for a long, drawn out legal battle, the Income-Tax department is taking legal opinion on the approach the department should take to recover capital gains tax from Vodafone, the mobile telephony major.
Radico Khaitan, manufacturers of 8 PM whisky and Magic Moments vodka, has acquired the Royal Lancer and Elkays whisky brands.
Officer's Choice Whisky, the flagship brand from Kishore Chhabria-led ADB, is now the No 1 whisky in the world by volume.
Union Budget 2012 makes it mandatory for taxpayer to declare foreign bank accounts & other offshore assets
The US had offered immunity from prosecution to those who have disclosed such income within the period specified under the law.
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