Wealth Tax

Billionaire Bernard Arnault says wealth tax advocate seeks to destroy economy

His comments come as France struggles to pass a budget and rein in its deficit amid a divided Parliament, which lacks a party with an absolute majority

Interview: Closer India-China ties viable, but ‘plus-one’ strategy must stay, says Kaushik Basu

The former chief economic adviser to the Indian government also advocated a 'progressive tax on the rich that ought to be transferred to help the poor'

ITR filing 2023-24: Inheritance tax: Does India need to tax the rich on death?

Income tax filing: Those arguing for such levies base their arguments on the country's wide economic divide. However, opponents counter that such taxes can negatively affect investment and wealth creation and, in fact, entrepreneurship.

Constitutional or not, wealth taxes are bad economics

Subjecting companies to an annual tax on their value would create an incentive to keep companies private, because the firm's value will be easier to manipulate. A tax on unrealised gains would probably lead to wealthy people keeping most of their wealth in privately owned assets. This reduces transparency and deprives others the chance to invest in growing companies

Budget Chart Point | Will the government consider a wealth tax this year?

The proportion of direct taxes to the central tax kitty has fallen

Budget 2019 | Wealth tax buzz is back. Is it high time to tax the super rich?

There is a lot of talk swirling around the need to reintroduce wealth tax. Since there is an absence of a universal social security cover, taxing wealth additionally may be viewed as a dis-incentive to wealth creation, which is key to retirement

US billionaires are saying, “levy a tax on our wealth.” Should India follow suit?

A high wealth-to-income ratio is not a good thing from a financial stability point of view. Concentration of wealth in the hands of a few is a recipe for increasing social unrest especially when India is facing a crunch in even basic resources like clean drinking water.

Budget 2019 | Wealth tax – The idea is to play fair, but is the time ripe?

Chances are wealth tax might make a comeback. Even so, the government would do well to put safeguards in place to ensure the common man is not put at a disadvantage

Primer | Why India should avoid wealth tax

All India needs is better compliance with existing tax laws.

Rakesh Jhunjhunwala rues the poor haven't gained from 4 decades of bull-run; warns against wealth tax

Jhunjhunwala said the poor, who have missed out on personal growth opportunities, decide governments through their votes and the leaders they choose to serve the core constituency.

Budget 2016: Sustain path of fiscal farsightedness by monetizing assets

The Union Budget 2016 does have benefit of large savings on fuel subsidy due to lower oil prices.

Large gold deposits should match your declared income

Income of the individual should support his gold holdings. Disproportionate holdings can attract penalties.

Union Budget 2015: Nothing meaningful as compared to what was expected

Finance Minister offered few tax benefits in Union Budget to the tax payers as compared to what was expected by them

â€˜Benefits of the Budget lie only in the fine print‘

For the common man, though the cumulative savings implied by various provisions are stated to be to the tune of Rs. 4.44 lakh, this is assuming a certain magnitude of personal investments into pension funds and health insurance.

Budget 2015: Corp tax to be cut by 5% in 4 yrs

In the first full-year Budget of the NDA government that shunned populism, he proposed no changes in personal and corporate income-tax rates for 2015-16 but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000.

Budget 2015: Wealth tax abolished; extra 2% surcharge on super rich

The surcharge would now be 12 percent for individuals earning Rs 1 crore and above and companies with income of Rs 10 crore and above. "The rich and wealthy must pay higher taxes," Jaitley said.

Union Budget 2015: Expect increase in wealth tax limit: RSM Astute Consulting

Union budget 2015 should bring increased tax exemption limit, increase deduction under section 80D and 80C. Finance Minister should also offer extension of section 80EE and 80TTA.

Who is liable to file wealth tax returns?

Balwant Jain, CFO, Apnapaisa.com explains who is liable to file wealth tax returns and how is wealth tax charged.

Demystifying wealth tax: 10 things to know

In the initial stage please do remember that wealth-tax is a separate tax other than income-tax and also other than service tax and the same is payable by individuals, Hindu Undivided Families and the Corporate Sector. Other than these categories of tax payers wealth-tax is not payable by other categories of tax payers in India.