India has unveiled details of its plan to phase out some tax exemptions for companies as the government looks to simplify tax laws and make them transparent before it lowers the tax rate

The Central Bureau of Investigation and Enforcement Directorate, is probing one of the biggest trade based money laundering, also referred to as 'banking-hawala scandal'.

India's Finance Minister Arun Jaitley said that the government had made significant headway on the Goods and Services Tax (GST) and hoped to soon implement the most ambitious indirect tax reform since independence.

In a bid to overhaul tax administration, Indian Prime Minister Narendra Modi announced a revamp of the appraisal system for officers, besides backing a new method of scrutiny of returns that spares taxpayers the need to visit offices.

India's services sector activity touched an eight-month high in October driven by a significant rise in new business orders even as growth in manufacturing output eased, a survey said

The Modi government has gone for a raft of changes in the foreign direct investment (FDI) rules for 15 sectors - including retail, defence, construction, banking and electronic media - signalling that despite NDA's electoral defeat in Bihar...