Direct Tax Laws

Revenue dept to take up measures to boost tax-to-GDP ratio to 15-20%

PC Mody, Chairman, CBDT, reiterated the commitment towards further improving the compliance experience for taxpayers

The CBDT said the assertion that in spite of the tax reforms, the investment has not been picking up is not correct and is without an appreciation of the reality of the business world

Addressing criticism pertaining to tough target of 100 per cent cases for field officers, Sitharaman said the target was more for the outreach activity and not to get every assesse on board.

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy will not be covered under the Vivad se Vishwas amnesty scheme.

From why life expectancy in the US has been declining to how an undefined constitutional clause has grown too big for the times, here's a selection of Business Standard Opinion pieces for the day

A clear timeline needed for transition to a transparent regime

Instead of immunity, India needs simpler tax laws

Under this government, slogans, memes, catchphrases, alliterative coinages, and clever abbreviations abound. One of them being repeated ad nauseam is ease of living

Income tax payers earning up to Rs 55 lakh per annum may end up with a major tax relief

The panel has also proposed to introduce collaborative compliance in direct tax administration

The finance ministry had appointed the second task force under Ranjan after there were disagreements among members

a system prescribing higher rate of income tax for a higher income group helps garner revenue without becoming burdensome on lower income taxpayers