« General » Open DEMAT Account in 24 hrs  Securities transaction tax collection in Sept to exceed full year's target  How to Clear Gmail, Google Data Without Paying for Extra Storage Google Drive Full  No taxable income? Why you may still need to file ITR for these reasons  Include cryptocurrency gains in income-tax returns, say analysts  Issues with new income tax portal to be resolved soon, says FM  ITR Filing! You can file income tax returns OFFLINE, ONLINE. Step-by-step guide here  Govt conducts review of legal issues in GST system: Report   How much tax do you pay on debt investments?  Income-tax Act, 1961 in the case of M/s Patanjali Research Foundation Trust, Haridwar  What will be the income tax benefit if I have taken two home loans for two seperate properties?  You can claim tax deduction on investment made in a residential house till September 30 «  Companies allowed to offer pricing logic in tax assessment... Govt forecasts 7% growth in mid-year review report... » Govt must slash ATF tax for airlines to cut domestic fares: Vijay Mallya December, 27th 2008 Kingfisher Airlines Chairman Vijay Mallya on Friday indicated that unless the government brought down the sales tax on ATF to four per cent, airlines in the country would not cut domestic air fares. "Domestic fare cuts are really dependent on government policies in terms of sales tax on fuel," Mallya told reporters in response to questions after the annual general meeting of the company in Bangalore. Mallya said once the government gives ATF the declared goods status, bringing down sales tax to a uniform four per cent, airlines in India would cut fares. Airlines in India have "accumulated burden" when the crude oil prices were at $147 a barrel. "We still continue to pay an average of 26% sale tax without any relief whatsoever," he said. The airlines now have to pay oil marketing companies and Airports Authority of India in full, Mallya said, adding, "we have to generate enough cash to do so".