Aanchal Magazine

Articles By Aanchal Magazine

25 Articles

GST must not inconvenience people, say states, amid talks of rate hike gaining momentum

As talks of a hike in goods and services tax (GST) rates gain momentum, there is a sense of disquiet among states regarding any major tinkering of the slabs, especially the lower tax slab and exempted items.

gst, goods and services tax, indirect tax, taxes, revenue, indian economy,  indirect tax rates, GST Council, economy news, GST rate, GST, Budget 2020, Union Budget 2020 India, Budget 2020 India, Budget 2020-21 

GST Council raises alarm on low tax collection; fears revenue shortfall by year-end

The GST Council has now asked states to give their inputs and proposals regarding review of items under the exemption, GST and compensation cess rates on various items, etc.

GST, gst revenue, indirect tax, govt revenue, goods and services tax, govt measures to boost revenue

Does EPFO have enough surplus to pay out a 8.65% interest rate?

Questioning the Fund’s exposure to IL&FS and similar risky entities, the ministry of labour and employment has been asked by finance ministry to explain whether the EPFO has sufficient surplus for the payout decided for la

Govt incentive: Tax informants can get up to Rs 5-cr reward

The tax department on Friday announced two reward schemes under which informants sharing ‘specific information’ about any benami transaction or property could get a reward of up to Rs 1 crore while information on undisclo

Income Tax Informants Reward Scheme, tax department, CBDT, Benami Transactions ,India 

Income tax department opens chat window to address queries

Last year, the I-T department set up two dedicated directorates · Directorate of Taxpayer Services I (‘TPS-I’) and Directorate of Taxpayer Services II (‘TPS-II’) for delivery and monitoring of taxpayer services in t

Income tax department, income tax, queries

Quarterly employment survey: Govt to initiate field work by month-end, figures expected by August

“The fieldwork will begin by the end of May. The data will be collected for April-June. We will take approximately two months to collect data and our aim is to bring out the survey for April-June by the first week of August

Jobs and education in India, jobs in india, employment in india, flexi jobs, employment rate in india

India, Mauritius to tax fee for technical services through new article in pact

Even the foreign companies earning FTS (fee on technical services) from India used to avoid paying tax in India taking benefit of the beneficial provision of the treaty.

India, Mauritius to tax fee for technical services through new article in pact

Innovative step: Government to launch single-window online platform for labour market information

The online platform will be a one-stop window to know area-wise details for skilled workers under various sub-heads of name, father’s name, place, skills and caste.

PF interest rate: A divided house on the course of action

The labour minister had in February announced “interim” interest rate of 8.8 per cent for 2015-16 for over 4 crore subscribers, lower than CBT’s original recommendation of 8.95 per cent.

Why states collected lesser tax revenue on petrol compared to the handsome amount by Centre

This happened since the excise duty levied by the Centre is fixed on per litre of petrol and diesel, while the state’s levy of sales tax or value-added-tax is a percentage of the price.

Oil prices, oil prices today, oil prices falling, oil prices news, oil prices decline, oil prices drop, Wall Street bank, Gulf, Brent, US crude oil

Fiscal deficit targets: Why Centre’s leeway to states is of little use

Most states, it appears, would not be able to exercise benefits of the extra fiscal borrowing space the Centre is providing, as it is likely going to be a tightrope for them, considering the conditions they need to fulfill.

Pattern to school toilets built by corporates: VIP seats, business areas get more attention

Lone Mercedes-Benz toilet is in Goa CM’s home turf, 25 by Toyota Kirloskar in Varanasi, 252 by Infosys in Bhubaneswar where it plans a second campus

Unorganised workers’ identification number: Why U-WIN will lose out to Aadhaar

The mandate of U-WIN or the unorganised workers’ identification number criss-crosses with that of Aadhaar’s and would lead to unnecessary duplication of work already being done under the ambit of the latter project, say g

Generation of jobs in 8 key sectors hit six-year low in 2015

Employment had increased by over 1.34 lakh in July-September 2015, had declined by 43,000 in April-June and risen by 64,000 in January-March.

Swachh Vidyalaya Abhiyan: TCS, Mahindra Group account for 80% of completed toilets by India Inc

Software major Tata Consultancy Services and utility vehicle maker Mahindra Group top the list of corporates involved in construction of toilets in schools under the government’s Swachh Vidyalaya Abhiyan initiative, account

Panama Papers: FM Jaitley warns of sleepless nights as govt review begins

Arun Jaitley on Thursday said the multi-agency group set up to probe offshore accounts disclosed in The Panama Papers and being reported by The Indian Express as part of an ongoing investigation is analysing each and every ac

arun jaitley

DBT mission plans widening scope to all subsidy schemes

The Direct Benefit Transfer (DBT) Mission under the Cabinet Secretariat has written to all ministries to examine widening the scope of DBT for all welfare and subsidy schemes...

Direct tax mop-up: Explain shortfall, asks Hasmukh Adhia to CBDT

Revenue Secretary Hasmukh Adhia has sent a terse missive to the Central Board of Direct Taxes (CBDT) chairman Atulesh Jindal seeking an explanation for a likely shortfall in direct tax collections in 2015-16.

Govt borrowings: FinMin to meet with RBI on March 18

The net borrowing has been targeted at Rs 4.25 lakh crore for the next financial year.

RBI Governor Raghuram Rajan - monetary policy review

States raise red flag on Centre’s move to monitor funds online

The upcoming Budget is likely to feature an announcement on rolling out the system across all states by the next financial year.

Union Budget 2016-17: Will it give a breather to small taxpayers?

Union Budget 2016-17: Suggestions include raising TDS threshold, halving its rate to 5% and eliminating officer’s discretion with regard to treatment of capital gains on share’ trading.

budget 2016-17

Govt rethinks, to let Google, Microsoft launch pilots

After initial reservations, the Centre is now open to allowing pilot projects and technological experiments by companies such as Google and Microsoft for expanding their Internet reach in India.

Microsoft phones

UDAY scheme: Bailout may swell fiscal deficit of states, Centre to around 8.5% of GDP

Under the UDAY scheme, the government had asked states to voluntarily take over 50 per cent of the loans of state electricity boards (SEBs) by March 31, and 75 per cent by the end of FY17.

Uday scheme, Power, discoms

More room for states: Finance Ministry may ease borrowing limit beyond 3% of GSDP

States will have more room to borrow this financial year with the Ministry of Finance expected to soon approve relaxation of their borrowing limits beyond 3 per cent of Gross State Domestic Product (GSDP), subject to conditio

jyoti structures

GST: Punjab, AP raise red flag over ‘low’ revenue-neutral rate

Most states agree that the decision on the rollout of GST is now more of a political decision than an economic one.

Goods and Services Tax, GST, GST bill, gst news, gst 2015, gst india, Congress, Arvind Subramanian
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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