What is Corporation Tax
Latest Updates on Corporation Tax
Presently, no TDS is required on interest payable in the case of listed dematerialised securities
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)
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
Experts caution that fiscal support alone may create artificial demand and jack up prices
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
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
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
While the new corporation tax regime has drawn a good response, the personal income tax regime seems to have attracted only a lukewarm response
Tax dept attributed the robust growth to simplified tax regime, low rates and no exemptions
Budget 2022 LIVE updates: Finance Minister Nirmala Sitharaman presented the annual Union Budget 2022-23 in Parliament today. Follow Business Standard for Budget highlights
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
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
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
Current mop-up 14.6% higher than the 2019-20 level of Rs 2.21 trillion
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
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
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
A tax-cut race to the bottom must end, she said
The landmark agreement aims to revamp rules that have allowed major companies to save billions by shifting profits to low tax jurisdictions
Here are the best of Business Standard's opinion pieces for Wednesday