tax

Govt enthusiastic about tax cuts for super rich but shows no concern for slowdown: Sitaram Yechury

Yechury said the signs of the agrarian distress and near-stagnant rural incomes have been there for long but the Modi government is busy with trying to "divide and polarise".

Macro Matters | How do Indian government finances compare with others in the region?

Apart from the Communist countries, India’s government spending is higher than East Asian countries, as a percentage of GDP

Uber faces UK tax challenge

The U.S. ride-sharing company says its could face 20 percent VAT on gross booking fees - the amount passengers pay -- or on its service fees charged to drivers.

Returning to settle in India? Be aware of the tax angle

There are some important tax considerations to be cognisant of when you return to India

I-T uncovers Rs 4,000-crore tax evasion through LTCG route: Sources

The agency, which has been pursuing this case for several months now, has started a probe into 12 companies.

The multiple tax benefits of the national pension system

The Tier 1 account is covered under EET (Exempt Exempt Taxed) regime

3-Point Analysis | Markets rejoice cut in corporate taxes

Sakshi Batra does a 3-Point Analysis of the impact of reduced corporate rates on broad sectors of the economy and equity markets.

Fiscal stimulus, with one stroke, changes narrative for India as an investment hotspot

Explained: What is Minimum Alternate Tax or MAT?

Companies try to minimise giving taxes by taking advantage of depreciation, deductions, exemptions, etc from the government. So the government imposes a Minimum Alternate Tax or MAT as an advance tax on these companies.

Tax collection misses target by a wide margin; inches up 4.7% in April-September

The lower mop-up reflects the deepening slump in demand and overall growth. In the first quarter the GDP slowed to a six-year low of 5 percent.

Nothing works better than tax incentives to boost consumer demand

The economy does not move in a linear fashion, but is instead swamped with its share of ups and downs. Post the 2008 and 2013 meltdown, we are witnessing another cyclical slowdown in India.

Debt fund outflows cross Rs 1.2 lakh crore in 2018-19: Should you ignore them?

It has been a year since debt funds are in troubled waters. The crisis that started in September 2018, following the IL&FS fiasco has only compounded with time

Be aware of the taxes to pay while buying, selling or letting out a house

Carefully preserve the records of your financial transactions relating to the house property, proof of payments, sources of investment etc.

GST Council may cut tax on hybrid vehicles as auto sales sink: Report

The rate reduction from 43 percent to 28 percent would be done by removing the cess on such vehicles

Macro@Moneycontrol | Direct Tax Code

The high-level government task force on direct taxes has proposed several changes that could reduce the tax burden for several companies and individuals taxpayers.

DTC panel's proposals may focus on cleaning up, making tax code more efficient, says A Prasanna

The government-appointed task force on direct taxes submitted its recommendations to Finance Minister Nirmala Sitharaman on August 19.

Poorer states leave industrialised peers behind in GST collection rates: Report

Overall GST collection for the period rose 9 per cent to Rs 3.56 lakh crore

No GST relief likely for auto sector: Report

The government has acknowledged that lending to the sector has stalled and assured of steps to encourage banks to push loans

Hiking income tax appeal limit to reduce litigation, help govt focus on high-value cases: Experts

The monetary limit for an appeal before the Income Tax Appellate Tribunal has been increased to Rs 50 lakh from Rs 20 lakh by the Central Board of Direct Taxes.

BMC to impose property tax on individual flat owners directly to improve accountability: Report

Till now, building societies were chipping in for errant flat owners who refused to pay tax, believing no direct action was possible against them

Super-rich cess on FPIs may net govt only 1% of estimated collection

“We expect to earn about Rs 400 crore from the cess,” a Finance Ministry official said

Centre to tax foreign tech firms on profits; framework being finalised: Report

The direct tax would be imposed on profits earned by foreign companies in India and is set to impact mega-tech companies such as Google, Facebook and Twitter

The Hindu Undivided Family structure not preferred post curtailment of tax-saving aspects: Report

Despite the nomenclature, HUF is permitted for Hindus, Jains, Sikhs and Buddhists

HDIL allots flats without proper certificates, Mumbai's Slum Rehabilitation Authority slaps notice

The notice was issued to HDIL Galaxy Apartments in Kurla East for handing over flats without securing the occupation certificate, lift clearance and fire completion certificate for those flats

ITR filing 2019 new deadline: Government extends due date by a month

The ITR-1 form has been simplified this year, making it easier for salaried employees to e-file returns.