Page 11 - Tax

Move to do away with infamous retro tax will boost investment sentiments

The Bill now introduced in the Parliament proposes to provide that no tax demand shall be raised on indirect transfers effected prior to 28th May 2012

Arbitration awards and the public interest

An objective, analytical approach to pursuing or resisting claims and arbitration awards is advisable

Govt reduces basic customs duty on imports of masur dal to zero

The government on Monday reduced the basic customs duty on imports of masur dal to zero and halved the Agriculture Infrastructure Development Cess on the lentil to 10 per cent

India expects major gains from joining multilateral global tax deal

Officials in the Finance Ministry said that the terms of negotiations of the global tax deal have taken all the inputs that India had shared over the years

Trump Organisation CFO Weisselberg surrenders ahead of tax fraud charges

Weisselberg lawyers Mary Mulligan and Bryan Skarlatos said he "intends to plead not guilty and he will fight these charges in court."

Global tax talks in 10-day sprint as rich nations seek interim agreement

Governments around the world are jostling to safeguard their tax sovereignty and win a bigger share of levies on tech giants.

Govt mulling ways to ease tax burden on foreign AIF investors

Such investors have had to bear higher taxes on their investment because of the goods and services tax (GST) borne by such funds, which is ultimately passed on to the investors

Think the global minimum tax will bite? Watch the stock market for clues

The measures announced by the Group of Seven nations represent a plan to reduce the profits of major multinational companies.

G7 strikes 'historic agreement', sets minimum tax of 15% for corporates

The G7 group of leading economies have reached "a historic agreement" to reform the global tax system to make it fit for the global digital age.

Explained: What is a global minimum tax and what will it mean?

Major economies are aiming to discourage multinationals from shifting profits - and tax revenues - to low-tax countries regardless of where their sales are made.

Sebi frowns on InvITs with too few investors, asks them to expand base

The regulator is concerned about the structure being used for getting around tax requirements, according to a sources

Explained: Why tax is a dilemma for start-up founders in India

After the abolition of the dividend distribution tax, the taxability of salaries and dividends in the hands of a founder of a bootstrapped start-up will be broadly similar, says Ritesh Kumar, IndusLaw

The importance of EQ over IQ for politicians

Humility, not hubris, should be the middle name of any Indian politician who wants to achieve his goals

Industry hails relief for GST non-filers, demands no tax on health services

Ficci President Uday Shankar said a quick decision on GST rates on Covid related essentials will help us attain self-sufficiency in this need of the hour.

Amazon wins $303-million court fight in blow to EU tax crusade

Setback renews calls from lawmakers in EU for an international corporate tax deal

Tips on saving tax on the interest you earn on your savings bank account

Interest earned on balances in savings accounts held with banks or post offices is taxable under "Income from other sources". Did you know that you can actually save this tax to an extent?

BMC unveils Rs 39,038 crore budget, keeps tax structure unchanged

The Brihanmumbai Municipal Corporation (BMC) on Wednesday unveiled Rs 39,038.83 crore budget for the year 2021-22. In a relief to citizens, no additional civic tax or licence fee was proposed in the budget by the BMC, the country's richest civic body that goes to polls early next year. The BMC said in the budget that its revenue collection declined due to "the decisions taken to combat COVID-19 and to provide relief measures for different sectors affected by it". It said its property tax collection was "adversely affected" due to the pandemic and the resulting lockdown. The total budget estimates for the next financial year are 16.74 per cent more than the last fiscal when it had presented a budget of Rs 33,441 crore. Municipal commissioner I S Chahal, who presented the budget before to the standing committee, kept the civic taxes and licence fees unchanged. "There is no additional tax and charge in the budget," he said while talking to reporters after its ...

Life insurers play tax-free interest arbitrage game to rev up business

While most insurance schemes aren't tax-free anymore, assured return products are among the few exceptions

Working from home after Covid-19 a privilege that must be taxed: Bank

Deutsche Bank undertook a survey to examine the major global shift toward remote work

AIFs explore limited liability partnerships to bypass high taxes

Dolat Capital has been the first off the block in setting up such a structure for its Category-III fund