Page 4 - Direct Taxes

'Vivad se Vishwas': MNCs will have to bring all disputed amount to India

Else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid

FM introduces 'Vivad Se Vishwas' Bill in LS to settle direct tax disputes

It will not apply to prosecution cases under PMLA or IPC

Budget 2020: The focus is on simplifying GST and preventing evasion

The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration

Glide path for direct tax

Exemption-free option a good move, but clarity needed

Budget 2020: Centre kicks off immunity scheme to settle income tax disputes

Waiver from interest and penalty if paid by March 31; estimated value of contested money over Rs 5 trillion

Indirect tax: Few but well-justified changes in Budget 2020

Customs duties and exemptions need to be streamlined

Consumption a better theme than capex-related bets: Shreyas Devalkar

SHREYAS DEVALKAR tells in an interview with Shreepad S Aute that he believes equities as an asset class would continue to remain attractive

What can macro policy do?

Long-term structural reforms are required, such as a uniform GST and direct tax rates

Direct tax immunity scheme likely in Budget as govt looks for funds

Proposal will allow assessees to revise declared income without fear of past cases being opened up, or prosecution

Dockets the Supreme Court forgot

Judges are compelled to decide cases applying laws whose validity is under challenge

FM hints at I-T rate cuts, more stimulus measures to boost slowing economy

Says govt is taking steps towards a harassment-free taxation regime

Budget 2020: FinMin seeks industry inputs on direct, indirect tax changes

'Views may be supplemented and justified by relevant statistical information about the production, prices, revenue implication of the changes suggested'

Amid slowing economy, corporation tax mop-up contracts 1% in Apr-Nov

The collection numbers are expected to worsen further once the impact of the corporation tax rate cuts becomes visible in the third advance tax collection instalment due on December 15

Corporate tax cut impact? Direct taxes mop up down 17% in October

Brings down April-October growth to 2%, amidst slowdown

I-T department seeks Rs 1-trillion cut in direct tax mop-up target

The reduced growth is largely because of consumption slowdown and tax rate cuts

A look at proposed changes in tax laws that could boost the stock market

The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation

Statsguru: Some insights on govt's direct tax revenue collection in FY18

Direct taxes, as a share of total tax revenue, rose to 55 per cent, close to its average level in the last few years

Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October

A combination of factors is responsible. This includes a deepening of the general economic slowdown and corporation tax cuts

FY20 gross tax revenue likely to fall short by around Rs 2 trillion

FinMin is said to have shared assessment with 15th FC

Govt reworking strategy to enhance direct tax mop-up: CBDT member

CBDT member Akhilesh Ranjan, who headed a panel on the new direct tax law, said corporation tax rate in India is somewhat higher - compared to international standards - and must be reduced