Page 26 - Latest Updates on Income tax
Budget 2020: Lower tax rate is great but do we need 'minimum govt'?
Is PPP the magic bullet for everything the government wants to do?
Budget 2020: Now, Amazon orders to cost more if this amendment is enacted
In order to provide relief to small businessman, it is proposed to provide exemption to an individual and Hindu Undivided Family who receives less than Rs 5 lakh and furnishes PAN/Aadhaar
 "Budget 2020: Now, Amazon orders to cost more if this amendment is enacted")
New I-T regime to curb investments, will impact market negatively: Experts
The Union Budget for 2020-21 has proposed new income tax slabs and reduced the tax rate for different slabs
 "New I-T regime to curb investments, will impact market negatively: Experts")
Budget 2020: A K Bhattacharya on major takeaways for the Indian economy
What did the finance minister have in the Budget for the Indian economy? Listen to the podcast to know
 "Budget 2020: A K Bhattacharya on major takeaways for the Indian economy")
Taxpayers opting for new tax slabs to forego deductions on PF, tuition fee
As per the Budget document, an individual taxpayer opting for the new tax regime will not be entitled for deduction under 80C of the Income Tax.
 "Taxpayers opting for new tax slabs to forego deductions on PF, tuition fee")
Govt intends to remove all income tax exemptions in the long run: FM
Speaking at a press conference after presenting her second budget in the Lok Sabha, she said income tax cuts follow reduction in corporate tax rates in September last year
 "Govt intends to remove all income tax exemptions in the long run: FM")
Income Tax slabs to fiscal deficit, all the key points from Budget 2020
Govt estimates economic growth this fiscal year, which ends on March 31, will slip to 5% - its weakest pace since the global financial crisis of 2008-09
 "Income Tax slabs to fiscal deficit, all the key points from Budget 2020")
Budget introduces 5 tax slabs, lower rates for those foregoing exemptions
Under the proposal, people with an annual income of Rs 5 lakh to Rs 7.5 lakh will have to pay a reduced tax rate of 10 per cent; between Rs 7.5 lakh and Rs 10 lakh 15 per cent
 "Budget introduces 5 tax slabs, lower rates for those foregoing exemptions")
Budget session LIVE updates: Congress protests against Anurag Thakur in LS
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
 "Budget session LIVE updates: Congress protests against Anurag Thakur in LS")
'Feel good' Budget may see cut in tax rate, sops for social sectors
To cushion the impact on collections, these tweaks might be accompanied by rationalisation in tax rebates
 "'Feel good' Budget may see cut in tax rate, sops for social sectors")
Shares bought on January 31 cannot be sold on the Budget day. Here's why
NSE, BSE to conduct a special trading session on February 1; settlement of trades on February 4
 "Shares bought on January 31 cannot be sold on the Budget day. Here's why")
Budget 2020: CAIT calls for a special income-tax slab for traders
CAIT has been at the forefront of the protest against the discount policy on e-commerce sites
 "Budget 2020: CAIT calls for a special income-tax slab for traders")
Budget 2020 likely to raise spending to revive economic growth: Report
India is facing its worst economic slowdown in a decade
 "Budget 2020 likely to raise spending to revive economic growth: Report")
Budget 2020: Govt may consider tax sops, easier norms to boost investments
Revenue projections may be realistic this time
 "Budget 2020: Govt may consider tax sops, easier norms to boost investments")
Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee
India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016
 "Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee")
Budget 2020: Toyota seeks scrappage policy, income tax relief on vehicles
The auto industry is willing to share its portion towards realising such scrappage policy, which will eventually have a more sustainable impact on the environment, he added.
 "Budget 2020: Toyota seeks scrappage policy, income tax relief on vehicles")
GST arrest provisions: Need for an urgent review
What GST urgently deserves is a re-orientation, for which a leaf out of the 'nudge theory' in behavioural economics may definitely help
 "GST arrest provisions: Need for an urgent review")
Budget 2020: Govt unlikely to offer relief in income tax, here's why
Expectations were that Sitharaman, who had in September last year cut corporate tax rates to their lowest to boost economic growth, would announce similar sops for individual taxpayers
Tweak slabs, put more money in tax payers' hands to boost consumption
Altering personal tax rates with this goal in mind will help boost consumption
 "Tweak slabs, put more money in tax payers' hands to boost consumption")
'Tax evasion social injustice': CJI calls for speedy resolution of disputes
The Chief Justice said tax judiciary plays a very important role in resource mobilisation of the country and expressed concern over pendency of cases
 "'Tax evasion social injustice': CJI calls for speedy resolution of disputes")
