Tax
Robust tax revenues this fiscal to improve tax-GDP ratio: Revenue secretary Tarun Bajaj
The governments’ gross tax collections (after refunds but before devolution) stood at Rs 5.31 lakh crore in Q1FY22, 97% higher than receipts of Rs 2.7 lakh crore in the Covid-affected Q1FY21 and 33% higher than the tax rece
Retrospective Tax Law: Good riddance to a bad taxation approach
The move to defang the 2012 retrospective tax law will boost investor sentiment
Govt proposes to withdraw retrospective tax bill that hounded Vodafone, Cairn for years
The amendment to the Income-Tax Act, 1961, which received the President’s assent in May 2012, allowed the government to ask companies to pay taxes on mergers and acquisitions that happened before that date.
GST bonanza for old gold jewellery buyers; now pay tax only on difference between purchasing, selling price
When any product is purchased, it is loaded with GST. When a business entity resells the same product after refurbishing, tax is again charged on the value, resulting in double taxation
Short-Term Capital Gains: New goodwill rule seen imposing tax liabilities on firms
Finance Act, 2021, had amended that 'goodwill' will no more be regarded as an “intangible asset” and depreciation would be not be available with effect from April 2020.
Tax Talk: Do shares come under the ambit of ‘goods’?
Clarity from the tax department is needed on TDS implications on transactions in unlisted shares and securities
Tax On Mutual Funds: म्यूचुअल फंड्स से हुई कमाई पर कैसे लगता है टैक्स, जानिए क्या कहते हैं आयकर के नियम?
Mutual Fund Taxation: म्यूचुअल फंड में निवेश का एक बड़ा फायदा इसका टैक्स एफिशिएंट होना भी है.
Covid relief: No income tax on financial aid for treatment; exemption to ex-gratia received by kin of deceased
It also extended the due date of various compliances, including the last date of linkage of Aadhaar with PAN from June 30 to September 30, 2021, as well as last date for payment under Vivad se Vishwas by 2-4 months.
Tax automation: Easing GST compliance and taxation with technology solutions
Leveraging Artificial Intelligence, Avalara aims to make a mark in the Indian market by addressing dynamic taxation and accounting needs of businesses
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 transaction tax (STT), at Rs 1,11,043 crore as on June 15.
How India is leading by example with its faceless E-assessment system for income tax
The most important aspect of new procedure is coverage of ‘Best judgement assessment’ in faceless Assessment Scheme.
No backdate entries, recovery cases, more return filing, others help tax officers to up GST collection
Every taxpayer in India spends a good deal of time and money in undertaking tax compliance and procedures, still the fear of departmental scrutinises and assessments looms over them.
System generated returns under GST to accelerate digitization; more GST reforms may boost taxpayer confidence
Majorly, at present two returns are required to be filed by every registered taxpayer. GSTR-1 and GSTR-3B. GSTR-1 is a sales return that is required to be filed by every GST registered person
REITs in India: How REITs are listed on stock exchanges; check dividend, tax benefits for investors
Real Estate Investment Trust (REIT) -- the new kid on the Indian bourses -- offers an exciting investment opportunity for investors and corporations, and a unique vehicle for issuers to access capital.
Income Tax Budget 2021 Highlights: What Budget says for home buyers, EPF, ULIP, NRIs, Senior Citizens
Budget 2021 Income Tax Slabs and Rates, Income Tax Budget 2021 Announcements Updates: Ahead of the Budget presentation, income tax experts and professional bodies like ICAI recommended the government to increase the deduction
Budget 2021: Taxpayers eye relief in income tax, slash in TDS, increase in 80C limit, among other reforms
Union Budget 2021 India: In the midst of an economic slowdown induced by the ongoing pandemic, the Hon’ble Finance Minister must grapple with the challenging task of encouraging consumption for economic revival.
Union Budget 2021 must rationalise taxation of dividends on REITs, InvITs to attract more investment
Union Budget 2021 India: Before the Finance Bill, 2020 was enacted, the Finance Minister provided certain relaxations to address the concerns of the Business Trust industry.
Union Budget 2021: No major tax changes on cards; government to focus on these sectors
Union Budget 2021 India: The variations across formal versus informal, rich versus poor, manufacturing versus services, fiscal profligacy versus rectitude, among others form the backdrop of the budget.
These tax, legal reforms in Budget 2021 may boost Indian economy as tax revenue seen at record low
Union Budget 2021 India: In addition to serious health implications for the humankind, the unrelenting crisis has left an indelible impact on economies across the world as well.
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.
Capital markets eye Union Budget 2021; TCS, STT rebate, among 6 expectations from Finance Minister
Union Budget 2021 Expectations for Share markets: While the Indian economy appears to be getting back on track and capital markets which are seen to be the barometers of the economy seem to show all-time high positive sentime
Smarter Addressing imperative for better property taxation
Though many ULBs (Urban Local Bodies) have invested in technologies like GIS mapping, the challenge is in making this data dynamic and connected to growth on the ground.
4 ways how current taxation system may ease compliance and boost ease of doing business for MSMEs
Ease of Doing Business for MSMEs: Considering the fact that we majorly depend on MSMEs for employment, exports, and GDP contribution, the finance ministry is striving to facilitate their exponential growth and expansion. Howe
बकाया सैलरी नहीं मिली है तब भी देना होगा टैक्स, एक्सपर्ट से समझें
वर्तमान संकट से कर्मचारियों के टैक्स आउटगो पर क्या असर होगा और उन्हें वर्तमान स्थिति
राहत! 31 मार्च 2021 तक इन विशेष भुगतान के लिए 25% कम देना होगा TDS, TCS; कल से ही फैसला लागू
नॉन सैलरीड स्पेसिफाइड पेमेंट के लिए 31 मार्च 2021 तक टीडीएस रेट में 25 फीसदी की कटौती की गई ह
