Page 24 - Income Tax

India's insurance is one of Asia's better long-term stories: Chris Wood

In September 2019, he had bought SBI Life Insurance and HDFC Life Insurance, which now account for 5 per cent and 4 per cent weight in the above-mentioned portfolio

TDS on e-commerce deals to hurt SMEs' working capital: Amazon's Agarwal

Agarwal was talking about the Budget proposal to introduce a new section in the Income Tax Act

Govt should consider exempting expatriates from Rs 7.5 lakh limit: Expert

Expatriates invest a high amount to comply with PF regulations. The government should consider exempting them from the Rs 7.5 lakh limit

Letter to BS: Ease of paying tax is important for living, doing business

Nobel prize-winning economist Richard Thaler would approve - if you want people to do something, make it easy, he said

Confident of meeting Rs 11.7-trn direct tax collection target in FY20: CBDT

Income tax collection target for next fiscal is pegged at Rs 6.38 trillion and corporate tax collection at Rs 6.81 trillion

Middle Class 'trained enough' to pick right Income Tax option: Rajiv Kumar

Rajiv Kumar was commenting on the Budget proposal of FM Sitharaman to give the option to personal income taxpayers to remain in the existing tax scheme or opt for a new simplified tax regime.

Letter to BS: Lowering of interest rates for small savings not a wise move

This is not a wise move at a time when the rate of household savings is falling. India has practically no social security system for the old and the unemployed

'Too radical': Centre likely to implement direct tax code in parts

The new income tax regime is modelled on the task force's recommendations

New tax structure will leave more cash in the hands of people: Revenue Secy

He said the Budget gives an option to individuals to migrate to a new regime by foregoing their existing exemptions and deductions for a lower tax rate

Not all NRIs need to pay tax, here's what FM clarified post budget speech

Finance minister clarified that only Indian income of NRIs is proposed to be taxed under the new provision

Budget 2020: NRI tax to only impact India earnings, govt clarifies

The Union Budget had proposed on Saturday that NRIs have to pay up taxes on global earnings, if they're not paying in any other jurisdiction or country, generating much debate

Budget: Those taking I-T exemptions will gain if they shift, says AB Pandey

The new regime is simple, one has to see the exemptions one was taking earlier and compare the new tax rates without those exemptions, the Revenue Secretary said

Budget 2020: Need for an independent council to mediate with taxpayers

It is important to introduce an efficient dispute resolution mechanism to ease the pain of an overburdened dispute resolution machinery

Increase SIPs if markets fall

Though boring, these instruments work well if there is a broad bear market

Glide path for direct tax

Exemption-free option a good move, but clarity needed

After foreign companies, budget gives income tax exemption to ISPRL

Tax changes on ISPRL will be effective April 1

FM defends new tax regime, says it will benefit taxpayers in some brackets

She defended the new scheme by saying that it will benefit some taxpayers falling in certain brackets, if not all

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: NRIs not paying tax in other countries will be taxed in India

This means if an Indian citizen is not a resident of any country, they will now be deemed an Indian resident and their income will be taxed here

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?