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
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.
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.
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.
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
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 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.
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
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