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Taxation Schemes

Higher proposed limits are a positive, but remember you must stick to the scheme for five years

Updated On: 13 Feb 2023 | 9:54 PM IST

The ruling is in conflict with position taken by other AARs; industry wants CBIC clarification

Updated On: 18 Oct 2022 | 12:45 PM IST

Interest rates on term deposits, money market instruments could go up further, even as RBI may conduct repo operations to maintain liquidity in the system

Updated On: 11 Sep 2022 | 10:35 PM IST

The government may provide direct incentives to the producers of solar modules as it believes that tax cuts may lead to practical difficulties

Updated On: 31 Aug 2022 | 1:37 PM IST

Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings. In her message on the 163rd Income Tax Day, the finance minister complimented the department for achieving the highest-ever revenue collection of over Rs 14 lakh crore in the last fiscal and expressed hope that the momentum would continue in the current fiscal too. Direct tax collections surged to Rs 14.09 lakh crore in 2021-22, registering a year-on-year growth of 49.02 per cent on the back of strong growth in mop-up from individual and corporation tax. For the current fiscal, the government has projected the direct tax collection at Rs 14.20 lakh crore. The finance minister said the government has addressed several legacy issues and removed structural deficiencies related to direct taxes with a view to foster ease of living and ease of doing business. The reforms introduced by the .

Updated On: 24 Jul 2022 | 11:04 PM IST

Vivo can operate its bank accounts to the extent that a balance of Rs 250 crore is maintained in its accounts at all times, the court said

Updated On: 13 Jul 2022 | 1:09 PM IST

The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets

Updated On: 22 Nov 2021 | 11:27 PM IST

Vivad Se Vishwas scheme allows the waiver of interest, penalty, and prosecution for settling tax disputes due up to January 31, 2020

Updated On: 08 Dec 2020 | 1:20 AM IST

India is losing over $10.3 billion (about Rs 75,000 crore) in taxes every year owing to global tax abuse by MNCs and evasion by private individuals, a report said on Friday.

Updated On: 20 Nov 2020 | 9:53 PM IST

Due to Covid-19 outbreak, there is severe disruption in the normal working of almost all sectors, including functioning of the Income Tax department

Updated On: 31 Mar 2020 | 6:17 PM IST

Removal of DDT will result in tax savings of 20 per cent for companies, promoters and other wealthy shareholders may be taxed as high as 43 per cent on the dividends they receive

Updated On: 04 Feb 2020 | 11:50 PM IST

With the income tax department cancelling Tata Trusts registration, the first of a two-part article examines the flaws in the laws governing charitable trusts

Updated On: 26 Nov 2019 | 8:57 PM IST

The slab rationalisation exercise will cost the exchequer Rs 70,000-80,000 crore

Updated On: 08 Nov 2019 | 1:17 AM IST

Suggests rejig of 20% and 30% slabs of personal income tax

Updated On: 28 Aug 2019 | 1:23 AM IST

The company said it is not permitted to meet the buyback obligations beyond the amount approved by the board of directors and the same can also be effected only with the borrowed funds.

Updated On: 12 Jul 2019 | 10:16 AM IST

The realisation that the new tax rate applies not just to the super rich but also to trusts - a structure of choice for a large number of foreign funds that invest in the nation

Updated On: 10 Jul 2019 | 7:06 AM IST

There are not many changes in the compliance requirements under presumptive taxation scheme this year

Updated On: 24 May 2018 | 12:59 AM IST