« Top Headlines » Open DEMAT Account in 24 hrs  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing «  SEZ board plans package for 'displaced'... Investments by regional SEs in arm tax-exempt... » Coimbatore motor parts dealers seek VAT reduction September, 20th 2006 The Coimbatore Motor Parts Dealers Association has sought reduction in VAT on automobile goods in view of the difficult situation faced by the dealers. At the AGM of the association, it was decided to request the Chairman of the empowered committee on VAT, Mr Asim Dasgupta, that "in view of the perilous condition" of the small automobile traders (auto retailers), the rate of VAT on automobile goods should be reduced from 12.5 per cent to four per cent. The association also said that there were many items like spares of tractors, bearings and other items used in agriculture where the rate of VAT was four per cent. The decision of Tamil Nadu Government to introduce VAT from January 1, 2007 was welcomed. The following were elected as association office bearers for 2006-07: Mr S. Amarjit Singh, President; Mr R. Sivakumar and Mr E.M. Hameed Ibrahim, Vice-Presidents; Mr V. Sarangapani, Secretary; Mr K.C. Sekar and Mr Raguramgupta, Joint Secretaries; and Mr P. Srinivasan, Honorary Treasurer.