« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  Income Tax Commissioner jailed for One Year RI... No tax sops for captive power units... » NDC meet to discuss tax reimbursement to states December, 19th 2007 Union commerce and industry minister Kamal Nath has said that state governments will have to be roped in and made accountable before a decision is taken on the mechanism to reimburse state taxes to exporters. He said the issue will be discussed with state chief ministers in the National Development Council (NDC) meeting on Wednesday. After a meeting with the trade and industry council attended by industry representatives including Ratan Tata, Mukesh Ambani, RP Goenka and Rahul Bajaj and chaired by the Prime Minister, Mr Nath said that it was not just exporters but the domestic industry, too, which was reeling under the pressure of rupee appreciation. On the issue of reimbursement of state taxes to exporters, the minister said that there were a number of issues that needed to be addressed first. We need an assurance from state governments that they will not increase taxes, he said. Moreover, the mechanism of funding the reimbursement will also have to be tied up. We are yet to decide whether the amount should be withdrawn from the state governments fund, he said.