Many a fix, but still no cure: The core issue—an ill-founded treatment of investment as income—remains unresolved Variation of 10% between the fair market value and the issue price is acceptable. 2 years agoSeptember 26, 2023
Bury retro tax ghost: Govt may redefine taxation of online gaming, but should not punish industry for its own failure The firm’s contention is that Rummy, even if played with money stakes, was a skill-game and would attract only 18%… 2 years agoSeptember 24, 2023
70.9 million returns filed till Sept 23: I-T Dept “Taxpayers are requested to avail this opportunity and respond to such intimations to enable cleaning up/reconciliation of pending demands and… 2 years agoSeptember 23, 2023
Raising tax targets: Budget estimates of tax revenue are on track, but modest There is a case for stepping up tax recovery from corporate India and implementing the anti-avoidance rules with gusto. 2 years agoSeptember 19, 2023
Q2 advance tax receipts jump 24% Overall direct tax revenues up 23% on year till Sept 16 2 years agoSeptember 16, 2023
Corporate investments slide, despite higher profits and lower tax outgo In April-July this fiscal, corporate tax collections contracted 10.4% year-on-year to Rs 1.76 trillion. 2 years agoSeptember 14, 2023
Rate hikes are a blunt tool, moving to broaden the tax base is the key Debroy, who is also the chairman of the Economic Advisory Council to the Prime Minister, has made a fresh pitch… 2 years agoAugust 27, 2023
Tax Talk: Key data points to compute capital gains on property sale From delving into old stamp duty receipts to acquiring valuation reports, the steps to accurately determine the figures are quite… 2 years agoAugust 18, 2023
Salaried employees who made money secretly out of office are now in Income Tax trouble – Notices sent Salaried employees Income Tax News on August 8: Income-tax department has sent notice to moonlighters for declaring incorrect incomes. 2 years agoAugust 8, 2023
Tracing the missing: Global tax transparency must extend beyond financial sector, and get “real” The OECD’s move immediately followed the decision of 136 countries to tie themselves to its two-pillar global tax reform plan. 2 years agoAugust 6, 2023
Counting tax returns: Efforts to widen the tax base have had sub-optimal results as income growth is slow Circumventing the taxman is more difficult now, but compliance is much easier. 2 years agoJuly 31, 2023
Tax Talk: Pre-filled data in ITR not enough, do due diligence It is the taxpayer’s duty to get data on the I-T portal rectified 2 years agoJuly 25, 2023
Inoperative PANs: I-T Dept asks NRIs, foreign citizens to approach tax officers with residential status proof Under Income Tax laws, residents are required to link their PANs with the biometric Aadhaar. 2 years agoJuly 18, 2023
CBIC clarifies on ITC claims on services provided by head office to branches in other states Commenting on the circular, EY Tax Partner Saurabh Agarwal said it is a “big relief to the industry and would… 2 years agoJuly 17, 2023
GST compliance framework: Simplification at a different dimension GST is essentially a tax regime, based on a technology-driven monitoring system magnified with the 3 Es – E-returns, E-invoices… 2 years ago
Pillar two GloBE rules—Knocking on the door India-headquartered multinationals must prepare for compliance even if the country is yet to provide for these in its domestic laws. 2 years agoJuly 6, 2023
Tips for smart tax planning for women What you need to know and exploring investment options across sections 3 years agoJuly 2, 2023
GST reconciliation: Solving conundrum of proper input tax credit mechanism In 2005, many states in India implemented VAT, which further minimized the cascade effect in State Sales Taxes. However, the… 3 years ago
