Buoyant tax receipts to minimise extra borrowing in FY23: Analysts This may result in an additional tax revenue collection of about Rs 2 trillion over and above the Budget estimates,… 3 years agoMay 23, 2022
Income-Tax dept issues guidelines for selection of tax returns for complete scrutiny The objective of this is to confirm that the taxpayer has not understated the income, computed excessive loss or underpaid… 3 years agoMay 12, 2022
Tax reassessment: Supreme Court sets aside HC orders, revives show-cause notices The SC order would mean that the the change in law can’t be an alibi for taxpayers to escape the… 3 years agoMay 4, 2022
Tax talk: Need clarity on tax on ESOPs of ex-employees Clarity on taxation front begins to turn obscure when ESOPs are exercised and shares allotted, post cessation of employer-employee relationship.… 3 years agoApril 24, 2022
Not just Centre, states also saw jump in FY22 tax revenue Thanks to buoyancy in tax revenues, the Centre released Rs 8.83 trillion to states for FY22 as their share of… 3 years agoApril 17, 2022
Tax talk: Save tax by investing in your child’s name Either of the parents can open a PPF account on behalf of the minor and avail tax exemption under Section… 3 years agoApril 17, 2022
Direct tax collections up nearly 50%, indirect taxes rose by a fifth Direct tax collections grew by a massive 49% on year, and indirect taxes by 20%. 3 years agoApril 8, 2022
Tax devolution to states 19% over FY22RE Thanks to buoyancy in tax revenues, the Centre released 8.83 trillion in devolution to states for FY22, 19% more than… 3 years agoApril 1, 2022
Revenue dept should devise concrete action plan to clear Rs 21 lakh cr tax arrears: Parliamentary panel “Noting the fact that tax arrears have been increasing year on year, the committee would recommend devising a concrete action… 4 years agoMarch 22, 2022
FY23 tax revenue target looks easy: Direct tax receipts exceed revised estimate by Rs 1.1 trillion Lower refunds, better compliance boost revenue 4 years agoMarch 17, 2022
India needs uniform, consistent policy measures for alcohol industry’s sustained growth, say industry leaders India is infamous for the kind of taxes and policy implementation that follows the liquor industry in the country with… 4 years ago
Last-minute tax planning: Check out these easily accessible investment and tax-saving options Tax planning must involve selecting a right mix of debt- and equity-related instruments for higher long-term returns 4 years agoMarch 10, 2022
Making faceless assessments more efficient Based on the recommendations of a 13-member task force set up by the Central Board of Direct Taxes CBDT in… 4 years agoFebruary 22, 2022
Direct tax receipts touch Rs 11 lakh crore; FY22 mop-up to exceed RE by Rs 50,000 crore The spurt in tax mop-up is also driven by the formalisation of the economy and greater compliance. 4 years agoFebruary 22, 2022
Tax travails: Reduce untenable tax litigation The income tax department should target to complete all pending appeals within the next one year and release the inappropriately… 4 years agoFebruary 17, 2022
Two ends of spectrum: Tax windfall gains to address inequality Include unrealised capital gains in taxable income. If the purpose is to tax large windfall gains, then the size of… 4 years agoFebruary 16, 2022
FY22 collections: Net tax receipts may exceed revised estimate by Rs 80,000 crore Corporate firms pay their final advance tax of 25% of full-year tax liability by March 15. 4 years agoFebruary 15, 2022
Tax Talk: Budgeting for tightening of tax rules on EPF Look out for clarifications on taxability of big-ticket provident fund contributions in coming Budget 4 years agoJanuary 30, 2022
Many a fix, but still no cure: The core issue—an ill-founded treatment of investment as income—remains unresolved
Bury retro tax ghost: Govt may redefine taxation of online gaming, but should not punish industry for its own failure
