 "What is Corporation Tax")
Corporation Tax
What is Corporation Tax
Read More
Latest Updates on Corporation Tax
Direct tax: Budget gives a blueprint for sustained high-growth trajectory
Presently, no TDS is required on interest payable in the case of listed dematerialised securities
 "Direct tax: Budget gives a blueprint for sustained high-growth trajectory")
Budget 2023: Riding on robust collections, govt realistic on tax target
The budget pegs tax revenue at Rs 33.6 trillion, which is higher by 10.4 per cent over Rs 30.4 trillion projected in revised estimates for the current financial year (FY23)
 "Budget 2023: Riding on robust collections, govt realistic on tax target")
Budget 2023-24 should clear confusion over options for personal income tax
From 2020-21 onwards, the Budget gave an option of a lower personal income tax regime to those earning up to Rs 15 lakh, provided they forgo some exemptions
 "Budget 2023-24 should clear confusion over options for personal income tax")
Union Budget 2023: Individual taxpayers can expect some relief
Experts caution that fiscal support alone may create artificial demand and jack up prices
UK PM Liz Truss reverses plan to cut corporation tax amid debacle
British Prime Minister Liz Truss has abandoned a planned cut to corporation tax, scrapping a key part of an economic plan that sparked weeks of market and political turmoil
 "UK PM Liz Truss reverses plan to cut corporation tax amid debacle")
UK scraps corporation tax hike, lifts cap on banker bonus to boost economy
The UK govt is expected to publish an emergency budget statement Friday outlining how it plans to slash taxes, tame soaring inflation and boost economic growth as a recession looms on the horizon
 "UK scraps corporation tax hike, lifts cap on banker bonus to boost economy")
Advance tax mop-up grew 17% between Apr and Sep to Rs 2.95 trillion
Net direct tax collections (net of refunds) for the current financial year have grown at 23 per cent to over Rs 7 trillion between April 1 and September 17
 "Advance tax mop-up grew 17% between Apr and Sep to Rs 2.95 trillion")
Low rate regime: Why corporation tax is a hit but not personal tax?
While the new corporation tax regime has drawn a good response, the personal income tax regime seems to have attracted only a lukewarm response
 "Low rate regime: Why corporation tax is a hit but not personal tax?")
Corporate tax collection soars 34% between April and July: I-T dept
Tax dept attributed the robust growth to simplified tax regime, low rates and no exemptions
LIVE: This Budget brings more infra, more growth and more jobs, says PM
Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights
 "LIVE: This Budget brings more infra, more growth and more jobs, says PM")
Boom time for companies: What record profits may mean for govt's revenue
If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be wrong with corporation tax, writes T N Ninan
Budget basics: How govt can break out of its straitjacket and raise revenue
There are two ways: deliver a rapidly growing economic pie or re-assess tax policy - reform of GST, closing corporate tax loopholes, suggests T N Ninan
Biden backs down on corporate tax hikes, open to altering filibuster
When asked about voting rights, Biden expressed support for changing the Senate filibuster tradition, which requires 60 of 100 US senators to agree on most legislation
 "Biden backs down on corporate tax hikes, open to altering filibuster")
Advance tax collection up 52% in September quarter, shows CBDT data
Current mop-up 14.6% higher than the 2019-20 level of Rs 2.21 trillion
 "Advance tax collection up 52% in September quarter, shows CBDT data")
Sitharaman as FM: Some positive surprises, a few works in progress
Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan
Tax data shows how Covid-19 crushed small companies while big ones made hay
Listed firms paid Rs 35,000 cr more tax this year, even as corporate tax mop up fell by Rs 1 trn. Pvt ltd firms and the non-corporate sector paid Rs 1.35 trn less, which means their profits dived
 "Tax data shows how Covid-19 crushed small companies while big ones made hay")
Fuel price surge: What India can learn from Biden and Sunak's tax policies
When the times change, policy has to adapt. Why then is New Delhi so determined to not raise rates on under-taxed forms of income and wealth, questions T N Ninan
Yellen urges EU to back global tax deal, consider more fiscal support
A tax-cut race to the bottom must end, she said
 "Yellen urges EU to back global tax deal, consider more fiscal support")
G-20 finance chiefs back global tax deal and vow to clear hurdles
The landmark agreement aims to revamp rules that have allowed major companies to save billions by shifting profits to low tax jurisdictions
 "G-20 finance chiefs back global tax deal and vow to clear hurdles")
Best of BS Opinion: Related party risks, a new green wave of growth & more
Here are the best of Business Standard's opinion pieces for Wednesday
 "Best of BS Opinion: Related party risks, a new green wave of growth & more")
