Page 19 of Tax News

Amidst a free-for-all that featured fisticuffs and rampant throwing of loudspeakers and chairs, Kerala finance minister KM Mani…

With the promised phased reduction of the corporate tax rate and weeding out of exemptions, the minimum alternate tax…

Finance minister Arun Jaitley has announced cut in corporate tax rate to 25 per cent over a 4 year period…

The Finance Commission has suggested raising share of states in central taxes to 42 per cent from current 32 per…
Budget FY16 must scrap MAT and DDT on SEZs, and open up external commercial borrowing for them
Under the Income-Tax Act, the taxability on sale of shares of a listed company will mainly depend on the period…

ICDS will force early recognition of income in some cases, but removes many uncertainties over shift to Ind AS
When your income tax is mounting every year, what is the first tax-saving idea that comes to mind…
In case of business losses, it is important to file the return by the deadline. Apart from the advantage of…

Indirect tax collections rose marginally by 7.1 per cent in the April-November period to over Rs 3.28 lakh crore.

The holiday season is around the corner and so is the due date for payment of the second instalment of…
Benefits of FBT and BCTT need to be weighed with the compliance and administration costs
The central government will compensate states for their revenue loss from gradual reduction in central sales tax…
While direct tax collection has risen by a whopping 94% between FY07 and FY11, the taxpayer base has just risen…

The TARC also made a case for increasing the wealth tax base by including intangible financial assets while raising the…
The concessional lower excise duty on cars, motor cycles and small commercial vehicles is likely to get a further extension…
Tax morality debate essentially centres on the proposition that besides being compliant with the letter of tax law, corporations should…