« Top Headlines » Open DEMAT Account in 24 hrs  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases «  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 We are yet to decide whether the amount should be withdrawn from the state governments fund, he said.