Feb 20, 2017 at 12:50 | Source: Moneycontrol.com
As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge.
Feb 19, 2017 at 12:26 | Source: PTI
Cash purchases of jewellery willattract 1 per cent TCS (tax collected at source) from April 1if the amount exceeds Rs 2 lakh, as against the currentthreshold of Rs 5 lakh.
Feb 18, 2017 at 18:09 | Source: CNBC-TV18
MS Mani, Senior Director, Deloitte, said the clause will also help curb inflationary pressures on the economy when GST is implemented.
Feb 18, 2017 at 17:15 | Source: Moneycontrol.com
Finance Minister Arun Jaitley-led GST Council met on Saturday and approved the Draft Compensation Bill, in a bid to speed up the rollout of Goods and Services Tax by July 1, 2017. Crucial draft laws pertaining largely to Central GST, Integrated GST and State GST are yet to be finalised.
Feb 17, 2017 at 19:20 | Source: PTI
The GST Council, which is meeting on Saturday, is likely to finalise the draft model GST law including final drafting of the anti-profiteering clause to ensure benefit of lower taxes gets shared with consumers.
Feb 16, 2017 at 21:18 | Source: CNBC-TV18
News from the north block, the latest data from the finance ministry shows that domestic and multinational companies owe a staggering Rs 6 lakh 89 thousand crore to the tax department in outstanding arrears. The tax department has already sent a missive to the companies asking them to pay up.
Feb 16, 2017 at 08:54 | Source: PTI
Goods and Services Tax (GST), which seeks to turn India into a single market for the first time, is likely to be implemented by the Government during the next fiscal.
Feb 15, 2017 at 16:23 | Source: CNBC-TV18
Going ahead, remonetisation will spur the companys earnings in the fourth quarter ending March 2017, Godrej Group Chairman Adi Godrej said, adding that GST rollout will fuel the companys and India's growth in FY18.
Feb 15, 2017 at 09:00 | Source: PTI
"Valuations are challenging. We are seeing early signs of pick-up from demonetisation but its not a V-shape pick-up and will not be a V-shaped recovery" Holland told reporters here.
Feb 14, 2017 at 17:22 | Source: CNBC-TV18
Indian markets valuations are quite challenging at the moment pushed higher by the global market performance after the Budget and dont have a leg to stand up, if there is a downturn in the global market, says Andrew Holland of Avendus Capital.