Apple CEO Tim Cook has said that being gay has been God's greatest gift to him, the media reported.
The number of and average income declared by salaried and non-salaried categories of taxpayers in the country have increased over the past three years, the CBDT said.
Russian oil firm Rosneft, the biggest foreign investor in India's energy sector, Friday criticised taxation policy in the country saying it was a major hurdle in its expansion plans.
Citigroup Inc (C.N) reported a 16 percent increase in quarterly profit on Friday, as the Wall Street bank benefited from lower taxes, higher fee income and strength in its consumer banking business in Mexico.
Germany and France have agreed a joint proposal for corporate tax harmonization among EU member states to raise transparency and level the playing field for companies doing business in the bloc.
Investors have long focused on rewarding companies that can multiply sales in a relatively slow-growth US economy like Netflix and Amazon.
EU nations should contribute new funds to the bloc’s budget to fill the gap left by Britain’s exit next year collected from plastics, CO2, corporate tax.
The bank's net income rose to $8.71 bn, or $2.37 per share, in the first quarter ended March 31 from $6.45 bn, or $1.65 per share, a year earlier.
Several budget proposals including the reintroduction of tax on long term capital gains exceeding Rs 1 lakh from sale of shares will kick in from April 1.
The I-T dept released a pan-India list of 24 defaulting individuals and companies who owe about Rs 490 crore in taxes to the exchequer.