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
Budget 2022: Amend CGST to bring input tax credit under inverted duty refunds For the upcoming Budget, input tax credit and inverted duty structure are the way forward. An important ask in the… 4 years agoJanuary 25, 2022
Common mistakes to avoid in the last days of filing ITR ITR filing after the due date would attract a penalty up to Rs 5000. Another drawback of not filing the… 4 years agoDecember 31, 2021
Fiscal deficit for FY22 may narrow on higher tax collection, says India Ratings India Ratings and Research expects the fiscal deficit for FY22 to be at 6.6% of the GDP, 20 basis points… 4 years agoDecember 31, 2021
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… 4 years agoAugust 12, 2021
Retrospective Tax Law: Good riddance to a bad taxation approach The move to defang the 2012 retrospective tax law will boost investor sentiment 4 years agoAugust 9, 2021
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… 4 years agoAugust 5, 2021
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,… 4 years agoJuly 17, 2021
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… 4 years agoJuly 8, 2021
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 4 years agoJuly 8, 2021
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… 5 years agoJune 25, 2021
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… 5 years ago
GOP Tax Bill: No tax on tips and overtime, bigger bills for ivy league and remittances – Key highlights
