Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • SBI

Presenting Partner

Life Insurance Corporation of India

Moneycontrol

Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Pharmeasy
Indiabulls
SBI
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  • Budget session not likely to see crypto bill being presented Jan 18, 2022 09:58 AM IST

    Budget session not likely to see crypto bill being presented

    The comes as the government waits for observations and technical insights from the upcoming pilot of the central bank's digital currency project expected to launch within the next few months.

  • Needed, clarity on equalisation levy and cryptocurrencies Dec 29, 2021 03:56 PM IST

    Needed, clarity on equalisation levy and cryptocurrencies

    Even though virtualisation of assessment and appellate procedures is needed, doubts still linger in the minds of taxpayers. The government should take these steps in a transparent manner. Also, it would be better if the equalisation levy is restricted to the e-commerce sector alone

  • Finance Ministry invites suggestions on taxation from industry and trade bodies Nov 05, 2021 06:50 PM IST

    Finance Ministry invites suggestions on taxation from industry and trade bodies

    The request for correction of inverted duty structure, if any for a commodity, should necessarily be supported by value addition at each stage of manufacturing of the commodity, it said.

  • Tax Form 26AS gets comprehensive: Mutual fund dividends, off-market trades and foreign remittances to be captured Oct 29, 2021 10:45 AM IST

    Tax Form 26AS gets comprehensive: Mutual fund dividends, off-market trades and foreign remittances to be captured

    The I-T department is trying to populate as much financial data as possible and track people who do not pay due taxes

  • Explained: Presumptive income tax scheme and why it helps those who find it difficult and costly to maintain books of accounts Oct 27, 2021 10:42 AM IST

    Explained: Presumptive income tax scheme and why it helps those who find it difficult and costly to maintain books of accounts

    Once you file income under presumptive tax scheme, you have to follow the same method for the next five years. In case an assessee opts out in an year, she shall not be allowed to file return under it for the subsequent five years

  • This inflation trick helps cut your tax burden Oct 22, 2021 11:09 PM IST

    This inflation trick helps cut your tax burden

  • Emigrating? Here’s a ready explainer on income tax implications Oct 22, 2021 02:10 PM IST

    Emigrating? Here’s a ready explainer on income tax implications

    Compliance with various tax laws including provisions on residential status and global income will help those migrating overseas to avoid long-drawn inquiries and litigation with the Indian authorities

  • Expert group under health ministry to review taxation on tobacco products Oct 19, 2021 12:09 PM IST

    Expert group under health ministry to review taxation on tobacco products

    Expert group to review and rework on the tax structure for various tobacco products.

  • Missed utilizing all tax deductions? Claim them while filing your returns Oct 04, 2021 09:39 AM IST

    Missed utilizing all tax deductions? Claim them while filing your returns

    Spent on your uninsured parents' COVID treatment or paid a processing fee for a home loan? You can claim these amounts as deductions, subject to limits

  • Setting off long-term gains against long-term losses fully legal: ITAT Mumbai Sep 30, 2021 10:12 AM IST

    Setting off long-term gains against long-term losses fully legal: ITAT Mumbai

    The ruling is expected to help many income tax assessees to plan their taxes well

  • Retail depositors earning negative returns; relook taxation on interest: SBI economists Sep 21, 2021 01:57 PM IST

    Retail depositors earning negative returns; relook taxation on interest: SBI economists

    If not for all the depositors, the taxation review should be carried out for at least the deposits made by senior citizens who depend on the interest for their daily needs, the economists led by Soumya Kanti Ghosh said in a note, which pegged the overall retail deposits in the system at Rs 102 lakh crore.

  • Govt move to undo retrospective tax law means India to forego tax demands of Rs 50,000 crore Aug 05, 2021 08:43 PM IST

    Govt move to undo retrospective tax law means India to forego tax demands of Rs 50,000 crore

    The government has moved to nullify all retrospective tax demands, which have seen India fighting legal battles with global corporations for more than a decade now.

  • Lots of smoke: Seizure of illegal cigarettes was 9 times higher in FY21 Mar 18, 2021 02:35 PM IST

    Lots of smoke: Seizure of illegal cigarettes was 9 times higher in FY21

    With higher taxes burning a deep hole in smokers’ pockets, the volume and share of legal cigarettes in India is falling amid a rise in the smuggling of illegal gaspers and bidis.

  • Clarity emerges on income tax rules for NRIs stranded in India due to COVID-19 Mar 09, 2021 12:17 PM IST

    Clarity emerges on income tax rules for NRIs stranded in India due to COVID-19

    Many non-resident Indians couldn’t return to their countries due to the lockdown. The tax department has clarified the rules for determining their residential status

  • A Modern Monetary Theory view of the high taxes on petroleum products  Feb 22, 2021 09:30 AM IST

    A Modern Monetary Theory view of the high taxes on petroleum products 

    Except for environmental benefits of disincentivising the consumption of fossil fuels, the imposition of a petroleum product tax is not only regressive in its impact but also seems to be defeating the essential fiscal purpose of taxation i.e. controlling inflation 

  • ULIP taxation: Limited clarity on key aspects after Budget announcement Feb 11, 2021 10:15 AM IST

    ULIP taxation: Limited clarity on key aspects after Budget announcement

    Tax experts differ over the implications of early ULIP surrenders, debt fund options

  • Budget 2021 underlines principle of providing stable tax regime, says CBDT Chairman Pramod Mody Feb 05, 2021 09:16 PM IST

    Budget 2021 underlines principle of providing stable tax regime, says CBDT Chairman Pramod Mody

    The 26 AIS would not only serve as a checklist for a taxpayer in filing returns but would also enhance the tax base, Mody said.

  • Budget 2021 | Thumbs down from Opposition; calls Union Budget 'visionless' Feb 01, 2021 03:04 PM IST

    Budget 2021 | Thumbs down from Opposition; calls Union Budget 'visionless'

    Many opposition members raised slogans over the farmers' protest as soon as Sitharaman began her speech. Congress MPs Jasbir Singh Gill and Gurjeet Singh Aujla were seen wearing a black gown to the Parliament as a mark of protest against the three contentious farm laws

  • To aid economic recovery and tax mop-up, don’t raise levies on fuels Jan 29, 2021 10:06 AM IST

    To aid economic recovery and tax mop-up, don’t raise levies on fuels

    During 2014-15 to 2019-20, central earnings through excise duties and cess on fuel have nearly doubled, going up by 94 per cent, and the states’ earnings on the same account has gone up by 38 per cent

  • Plug the tax leak in natural gas Nov 02, 2020 08:20 AM IST

    Plug the tax leak in natural gas

    The government should bring the fuel under GST as soon as possible to give a boost to its clean energy drive

  • Editorials of The Times: Say Yes to progressive taxation Oct 29, 2020 04:21 PM IST

    Editorials of The Times: Say Yes to progressive taxation

    A more progressive approach to taxation is necessary to counterbalance the rise of economic inequality, which has reached the highest levels since the 1920s

  • CBDT dedicates two-thirds of workforce to faceless assessment scheme Sep 14, 2020 03:58 PM IST

    CBDT dedicates two-thirds of workforce to faceless assessment scheme

    The faceless assessment scheme is aimed at making taxation transparent

  • GST Council meet: Centre is betraying states, says Delhi Finance Minister Manish Sisodia Aug 27, 2020 07:43 PM IST

    GST Council meet: Centre is betraying states, says Delhi Finance Minister Manish Sisodia

    The Centre has given two options for borrowing by states to meet an estimated GST compensation shortfall of Rs 2.35 lakh crore this year due to the pandemic.

  • Finance Bill clauses on deciding residential status for taxation less menacing now Jul 13, 2020 09:42 AM IST

    Finance Bill clauses on deciding residential status for taxation less menacing now

    If a person has Indian income exceeding Rs 15 lakh, she will be subjected to the reduced limit of 120 days stay in India

  • Deadline extension: 3 attractive tax-saving investments for you Jul 07, 2020 11:14 AM IST

    Deadline extension: 3 attractive tax-saving investments for you

    Tax-saving investments for the financial year ended March 31, 2020 can be done till July 31

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