Mar 03, 2017 at 19:24 | Source: PTI
The Public Accounts Committee wants action against people who had availed service tax amnesty scheme in 2013 but never filed any taxes thereafter.
Mar 02, 2017 at 18:10 | Source: PTI
The model Goods and Services Tax Bill will replace the clause which states the tax rate "not exceeding 14 percent, with "not exceeding 20 percent" when it comes up for debate in Parliament during the second phase of Budget session beginning next week.
Mar 02, 2017 at 14:58 | Source: PTI
The change in the peak rate will not alter the 4-slab rate structure of 5, 12, 18 and 28 percent agreed upon last year, but is only a provision being built into the model law to take care of contingencies in future, two officials in the know told PTI.
Mar 01, 2017 at 08:40 | Source: PTI
Speaking during the Question Hour, Issac told the House, "There were no fundamental disputes in GST council." The next meeting of the council, to be held in Srinagar, would take decision to fit different goods and services into the four approved slabs of 5, 12,18 and 28 per cent tax rates under Goods and Service Tax (GST).
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 08, 2017 at 16:32 | Source: PTI
The prices of petrol are lower than the 2013 level and the money collected through taxes on petro products was being used to develop infrastructure and creating educational facilities, government said today.
Feb 07, 2017 at 16:17 | Source: Moneycontrol.com
Finance Minister has opted to offer a small concession on income tax front. However, he has also capped the benefit on income from house property.
Feb 03, 2017 at 19:18 | Source: PTI
While the all-powerful GST Council has already decided on a four-slab tax structure for the indirect tax regime, the levy for different goods and services will be decided by May or June.
Feb 03, 2017 at 08:22 | Source: Moneycontrol.com
Affordable housing being given Infrastructure status is a welcome move and will help in the Housing to all by 2022 mission it is a big and positive move for developers, banks and housing finance companies.
Feb 02, 2017 at 15:57 | Source: Moneycontrol.com
It has been clarified that the clarification provided in Budget 2016 on benefit of concessional rate of 10% on transfer of shares of a private company (being long term capital asset) shall apply from 1st April, 2013.