Tax Rate

Rajiv Memani, Chairman, EY India tells Moneycontrol that the government needs to take a more aggressive stance on disinvestment which could give it more fiscal space and create greater room for capex. Watch the video to know more.

Time to simplify GST with fewer rates to curb misclassification, boost compliance: Govinda Rao

"Catering is taxed at 18 percent, but non-star hotel restaurants face a 5 percent tax. If the restaurant is providing catering service, it leads to scope for mis-classification and tax evasion."

BSE shares fall as govt said to be mulling higher taxation on F&O transactions

A report said that the government is considering various options to discourage retail investors from participating in the F&O segment

Brick makers protest against GST hike; demand restoration of tax rate to 1%

From 1 per cent, the Goods and Services Tax (GST) rate has been increased to 6 per cent effective April 1, 2022, Omvir Singh Bhati, general secretary of the All India Brick and Tile Manufacturers Federation (AIBTMF), said.

What's Sunakism? Watch the capital gains tax rate

The runup to a budget this important inevitably involves some theater.

Managing Money with Moneycontrol | How the new tax change in Budget 2020 will impact investment

Sakshi Batra gets in conversation with Preeti Khurana, Chief Editor at Cleartax to find out the tax changes will impact your investments.

Policy | GDP at 4.5 per cent, time for FM to go for broke

India cannot possibly be in a situation where the highest effective individual tax rate at 43 per cent is nearly double the highest corporate income tax rate. This peculiar fiscal architecture needs immediate fixing.

I-T cess on top earners: India Inc fears higher pay demands to offset tax increase

Executives may jump ship to get the expected hikes

Pay tax on the prize money from fantasy games

The applicable tax rate is a flat rate of 31.2 per cent on the income from winnings from any game of any sort

Budget 2018: Decoding the event from a layman’s perspective

This year, due to GST implementation, other than changes in the basic custom duties and excise duty on items like petroleum products, no other changes in the indirect taxes space will happen.

Is GST bad news for home buyers and renters?

The Lok Sabha, on March 29, 2017, cleared four bills in preparation of the upcoming rollout of the Goods and Services Tax (GST) regime: Integrated GST Central GST Union territory GST Compensation bill This &#82

GST rates should be minimum for greater tax compliance: Delhi FM

Manish Sisodia, Finance Minister, Delhi spoke to CNBC-TV18‘s Timsy Jaipuria on the side-lines of an event organised by industry body ASSOCHAM.

Budget 2017: Implementing ban on cash deal above Rs 3L not easy, says EY

Although there may be no revolutionary move with respect to tax measures this Budget, Kapadia says it was very smart of the government to decrease the tax rate of the lowest slab rather than increasing the lower limit of the lowest slab from Rs 2.5 lakh to Rs 3 lakh that was widely expected.

Budget 2017: FM halves income tax rate to 5% for Rs 2.5-5 lakh bracket

Finance Minister Arun Jaitley on Wednesday announced reduction in income tax rate for individuals having taxable income of Rs 2.5 lakh to Rs 5 lakh to 5 percent from 10 percent.

Budget 2017 expectations: How do we fuel consumption of real estate?

Post demonetisation, the real estate industry expects the government to initiate measures that boost ‘consumption‘, during the upcoming budget. The challenge for the government, is to grow the economy while maintaining fiscal prudence. A &#82

Spicing up masala bonds to attract investors

Masala bonds have offered much needed relief to India Inc. seeing foreign debt for their businesses. Being rupee-denominated, masala bonds offer India Inc. the unique advantage of not being subject to foreign exchange fluctuation risk.

Want to deposit Rs 2.5 lakh in bank account? Know IT rule first

Under the Income Tax Act a basic amount that is earned by the individual as taxable income is not subject to any tax.

GST law to have anti-profiteering clause, rate capped at 28%

The draft model GST law, which is to be finalised by the GST Council on December 2-3, has also specified that the highest tax slab will not exceed 28 percent in the GST regime, thus accepting the key demand of Congress.

Arun Jaitley comes out in defence of four-tiered GST rates

Air conditioners and Hawai chappals cannot be taxed at the same rate, Finance Minister Arun Jaitley said in a blog posted on his Facebook page.

Industry sees India hitting 10% GDP post GST rollout

The country witnessed a momentous occasion after the Rajya Sabha today passed the historic Goods and Services Tax Constitutional Amendment Bill.

Industry can live with up to 20% GST rate: CII President

In an interview with CNBC-TV18, Confederation of Indian Industry (CII) President talked about the impact of GST on the industry.

Can the tax rate on cigarettes go up to as much as 70%?

Shares in tobacco major ITC have been pressured following a government panel that proposed a three-tier GST structure that recommended a "sin tax" rate of 40 percent on select items such as tobacco products.

Services likely to get costlier on GST rollout: Experts

A Finance Ministry panel headed by CEA Arvind Subramanian has suggested a ‘standard rate‘ of 17-18 percent on bulk of the goods and services for the entire country.

Plan your savings bank interest well to avoid tax

Interest on saving bank account has the tax deduction of Rs 10000 per year. This can be used to reduce the tax liability.

Shopping Cart Abandonment by Consumers Online is Leading to a Loss of $10bn E-Commerce Revenue Opportunity Yearly in India

India e-Commerce sector is growing at a rapid pace and the revenues are forecasted to be between 16-20 bn $ for 2015. Cart Abandonment by online ...