Page 10 of Tax

Explainer: Taxing Employee Stock Ownership Plans

Employee stock ownership plans, or Esops are employee-benefit plans offering them an ownership interest in the organisation.

November 25, 2022 01:45 IST

How to save tax on long term capital gains on sale of property

The capital gains can be fully absolved if the entire amount of the capital gain is utilized in buying or…

November 24, 2022 09:00 IST

For this financial year ending March 2023, the tax collection target set in the Union Budget is around Rs 27.50 lakh crore.

Tax collection to exceed Budget estimate by nearly Rs 4 lakh crore: Revenue Secy

Bajaj said the direct tax collection comprising personal and corporate taxes would be close to Rs 17.50 lakh crore in…

November 23, 2022 18:57 IST

Income Tax, gold exchange traded funds, sale of gold exchange traded funds

Your queries: Income Tax – Hold gold exchange traded funds for 3 years for indexation benefits

In case sold after three years, it will qualify as long-term capital gains and will be subject to 20% tax…

November 21, 2022 01:00 IST

Issuance of right & bonus shares by private companies – A tangled tale

To straighten the curve and widen the tax base, a new provision was added to the Finance Act 2022, mandating…

November 19, 2022 09:59 IST

Your money: Know how to calculate tax on income earned abroad

Check the withholding tax rate imposed by the foreign country

November 16, 2022 00:10 IST

Although the revenues went up by nearly 29% y-o-y during the quarter, the operating profit margin contracted by 455 basis points y-o-y. Higher interest costs, which have shot up by 17.6% y-o-y also weighed on the profits.

Tax paid by companies falls in Q2FY23

For a sample of 1,699 companies, the taxes provided are Rs 52,575 crore compared with Rs 61,653 crore in Q2FY22.

November 14, 2022 02:45 IST

tax collections, net direct tax collections, tax collections rise

Net direct tax collections rise 26% till November 10

Collections at Rs 8.71 trillion or 61.3% of the annual target

November 12, 2022 03:15 IST

Accordingly, the brokerage said it expects the government to meet the budgeted FY23 fiscal deficit target at 6.4 per cent of GDP despite upside risks.

Better tax collection to help meet FY23 fiscal deficit target of 6.4 pc: Report

On the receipts side, the report said the revenue foregone due to the excise duty cut on petrol and diesel…

November 11, 2022 18:42 IST

tax devolution, tax devolution to states, installment of tax devolution to state governments

Centre releases extra tax devolution to states

“This is in line with the commitment of Government of India to strengthen the hands of states to accelerate their…

November 11, 2022 04:45 IST

employment agreement, income tax implications, TDS,

Tax Talk: Remember to pay tax on your income from side hustles

You can claim expenses on the professional fee received for the work

November 11, 2022 03:15 IST

GST dept steps up anti-evasion drive

Stepping up its anti-evasion drive, the goods and services tax (GST) wing of the Central Board of Indirect Taxes and…

November 9, 2022 00:05 IST

Indirect tax receipts to exceed BE by Rs 50,000 crore

Indirect tax receipts to exceed budget estimate by Rs 50,000 crore

The government is banking on extra tax revenues to fund additional subsidy expenditures to the tune of about Rs 2.8…

November 5, 2022 02:20 IST

Windfall tax cut on crude oil; levy on diesel, ATF export hiked in eighth fortnightly review

The government on Tuesday cut windfall tax on the export of locally produced crude oil to Rs 9,500 per tonne…

November 2, 2022 08:29 IST

Budget spending in FY23 to exceed BE by Rs 2 trillion

Extra spending on subsidies to be Rs 2.8 trn, but higher tax receipts and savings will help.

October 31, 2022 02:45 IST

Large educational trusts at risk of losing tax exemption

The apex court has held that the money charged by these institutions should either be on a cost-to-cost basis or…

October 29, 2022 00:30 IST

direct tax collection, gst, cgst, tax mop-up,

Direct tax mop-up may beat budget estimate by 30%

The Centre’s goods and services tax (C-GST) collections may exceed the target by Rs 1 trillion, while the customs duty…

October 22, 2022 06:15 IST

This rampant abuse of the law by businesses claiming to be driven by charitable purposes had led Parliament to enact laws, depriving exemption for such institutions, the tax department told the Court.

Public utilities to lose tax waiver if engaged in commerce: SC

Rule doesn’t apply to specified statutory bodies

October 21, 2022 02:00 IST

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Markets trending higher: Nifty near 25,400, Sensex rises 270 points; Axis Bank up 3%

Market22 min ago

Indices opened higher, with NSE Nifty 50 and BSE Sensex rising 0.29% and 0.33%, respectively. Bank Nifty also opened higher, along with small and midcap stocks. The US administration’s comments hint at a possible trade deal with India, given China’s actions. Indian macros remain strong, but exports and jobs in labour-intensive areas have been hit. Technical analysis suggests a bullish momentum.

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