« General » Open DEMAT Account in 24 hrs  Advance Tax Paid, Do You Still Need To File ITR? Check Details Here  Centre seen to have met FY24 gross tax target  6 income tax rules that salaried should know as financial year 2024-25 starts from today  How to calculate income tax on stock market gains along with your salary?  Moonlighting for Additional Income? Know Its Tax Implications  Have you claimed education cess? Be prepared to pay tax as per the new rules  Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)  How is tax computed for selling a house?  How much tax do you pay on equity investments?  Fuel taxes: Centre s gains striking since FY16  Tax rules for NRIs on sale of assets located in India «  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".