Corporate tax

Corporate Tax News

Norms for firms to update address tightened

The Ministry of Corporate Affairs has notified the Companies (Accounts) Amendment Rules, 2023 to make changes in the details, which…

January 24, 2023 05:00 IST

Effective corporate tax rate in India just 22%: Report

With an aim to make India globally competitive, the government has over the years lowered the corporate tax rates.

December 21, 2022 00:05 IST

Congress questions Centre over corporate tax cut, claims revenue loss of Rs 1.84 lakh crore

Congress spokesperson Gaurav Vallabh told reporters that the Government had claimed that Corporate Tax cut would help increase corporate tax…

August 16, 2022 15:49 IST

Geo-political tensions are delaying a new global tax regime that may affect where MNCs are taxed

One of the victims of current geo-political uncertainty is the deferral of revolutionary changes in the cross-border tax regime, called…

August 15, 2022 12:11 IST

The compliance landscape is becoming increasingly complicated and time-sensitive, thus, the GC needs to stay up to date with all relevant regulations.

Law & order in corporate governance

With an increasingly dynamic corporate landscape, the roles of general counsels and chief legal officers have become more complex, and,…

June 18, 2022 02:15 IST

As was expected, the 2012 law drew the ire of investors as well as global taxpayer fraternity.

Retrospective Tax Law: Good riddance to a bad taxation approach

The move to defang the 2012 retrospective tax law will boost investor sentiment

August 9, 2021 06:00 IST

Refunds declined 32% to Rs 30,731 crore as on June 15 of FY22 compared with Rs 45,143 crore in the year-ago period.

Advance tax collections rise 150% in Q1 on low base

The net direct tax collections include corporation tax (CIT) at Rs 74,356 crore and personal income tax (PIT), including security…

June 17, 2021 03:15 IST

Finance Ministers of G-7 countries, deal on taxing multinational companies, minimum global tax rate, corporate tax rate pact, G7 commitment to global minimum tax rate

Global minimum corporate tax rate: The ‘googly’ ICC has dodged for years and how it may help nations

By a conservative estimate, tax havens deprive countries of taxes amounting to 30 Lakh Crores every single year.

Updated: June 8, 2021 18:43 IST

The Railways has been given the highest allocation of Rs 1.1 lakh crore. The Railways had ensured that transportation of goods went on unhindered during the pandemic, and it is expected to chug India forward in 2021.

Budget 2021: Finance Minister offers stability in tax regime even as India hunts for growth

Union budget 2021: In the last couple of years, the Government has been rationalising the rates of corporate tax, slashing…

February 2, 2021 19:06 IST

Slump Exchange or Slump sale? Union Budget brings clarity for the taxman to widen his net

Union Budget 2021: The government has proposed many reliefs which are in line with its intention of promoting India as…

February 2, 2021 18:34 IST

Taxpayers eye Union Budget 2021; PLI scheme, labor tax reforms, others, may aid Atmanirbhar Bharat vision

Union Budget 2021 India: Stakeholders have high expectations from the upcoming Union Budget for introducing measures to foster indigenous businesses.

Updated: January 27, 2021 14:10 IST

narendra modi, pm modi, modi government, banking system, new banking scheme, investors, angel tax, ESOP tax scheme

Modi’s warning to tax evaders: No more ‘gaming’ of tax system; here’s how govt will make you pay up

When a large number of people find ways to avoid payment of tax, the burden falls on honest people, said…

Updated: February 13, 2020 18:09 IST

GST, Excise & Customs Duty Taxpayers! Here’s how you can check authenticity of tax notice

CBIC-DIN: CBIC will initially use DIN for investigation related matters under the GST and Customs and Excise Duty.

November 8, 2019 20:04 IST

Arun Jaitley had promised to cut corporate tax rate. Image: Reuters

Prophetic! Arun Jaitley’s big promise fulfilled within deadline – Here’s what he said

Nirmala Sitharaman Corporate Tax Cut announcement: Former Union Finance Minister Arun Jaitley’s promise to lower corporate tax rate has been…

Updated: September 20, 2019 18:13 IST

Panama Papers: IMF chief urges transparency to stop corporate tax avoidance

International Monetary Fund chief Christine Lagarde called today for financial “transparency” among multinational companies to counter tax avoidance schemes in…

April 18, 2016 00:03 IST

Proposal to cut corporate tax to 25% will bring transparency: India Ratings

Government’s proposal to cut corporate tax to 25 per cent over three years is likely to bring in transparency in…

March 14, 2016 19:29 IST

Budget 2016: ‘Remove notional tax on second house’

Currently, individuals are taxed at slab rates depending upon the level of income but the tax rates are very complex…

Updated: February 18, 2016 17:26 IST

Budget 2016 expectations: Govt may cut corporate tax by 1%, say experts

Arun Jaitley in his last Budget had announced phased reduction in corporate taxes over four years to 25 per cent…

February 18, 2016 16:37 IST

Editorial: Bye bye, retro tax?

Modi sounds more definitive, will lose face if not done

January 26, 2016 00:26 IST

Commerce ministry renews plea for MAT waiver for SEZs

The commerce ministry has renewed its demand that developers of special economic zones (SEZs), as well as the units in…

December 23, 2015 01:07 IST

Corporate tax rate reduction: To retain or remove exemptions

As we move towards GST, it appears the logical corollary is to do away with various privileges

Updated: December 3, 2015 07:47 IST

Finance Ministry extends deadline for comments on corporate tax reduction

In a bid to give stakeholders sufficient time to study the plan, the Finance Ministry has extended the deadline to…

November 26, 2015 21:25 IST

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Corporate Tax Photos

Dividend bonanza likely in wake of Budget 2016: Bajaj Auto to Godrej Industries and more, do you hold shares in these companies?

FM Arun Jaitley’s move in Budget 2016 to impose additional Dividend Distribution Tax (DDT) of 10 per cent on dividend…

March 4, 2016 15:12 IST

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Retrospective tax: What steps govt has taken, Arun Jaitley explains

In a meeting with India Inc on Wednesday, Finance Minister Arun Jaitley said the government has taken the first “significant”…

March 2, 2016 21:52 IST

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Budget 2016 expectations: Income tax relief on TDS for common man coming?

Budget 2016 expectations and income tax relief: The greatest Budget 2016 expectations are centred around one major feature and that…

February 19, 2016 10:45 IST

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