Page 2 - Taxation Laws

Good sense, finally

Govt wasted nine years in trying to defend the indefensible retro tax

Maximise tax benefit on interest income from savings accounts: Analysts

For non-senior citizens, the maximum benefit can go up to Rs 17,000 using Section 80TTA and Section 10(15)(i)

Global tax deal gets boost as European Union delays push for digital levy

Over the weekend, G-20 nations agreed on the outlines of a global corporate-tax agreement.

Shibboleths of the 'ideal' tax system

The time-hallowed principle of focusing on direct taxes is worth questioning

130 countries agree to Biden-backed 15% global minimum tax for companies

The deal calls for a global minimum tax of at least 15%, a key element pushed by Biden as he seeks to raise more revenue for his infrastructure and clean energy plans

GST at four: A dive into the milestones and the unfinished agenda

GST Council must maintain revenue momentum, simplify rate structure, and strengthen cooperative federalism in spirit and letter

Structural weakness

India needs to overhaul the tax system

Contradictory AAR verdicts on CSR under GST regime baffle companies

Recently, the Uttar Pradesh AAR had held that CSR spend by companies is eligible for input tax credit

Cleaning up taxes

Govt must seize opportunity to reform holes in tax system

Decoded: Why Vodafone, Cairn retro tax cases are in for a long haul

The government sticking to its stand that bilateral investment treaties cannot override a nation's sovereign right to tax

Centre planning mechanism to solve tax issues in real time: FM Sitharaman

The concept, if it becomes effective, will allow taxpayers an opportunity to settle issues by paying the tax due instead of going in for litigation.

Indian entities can give guarantees on behalf of WOS abroad: Expert

Provided that the terms and conditions stipulated in Foreign Exchange Management Regulations, 2000, for promoting or setting up such company or subsidiary are continued to be complied with

Vodafone verdict: What lies ahead for India's tax laws, investment pacts

Will this award put the remaining issues around imposition of a tax on a retrospective basis?

Doubts raised on transparency of 2 PM funds; LS passes taxation Bill

The Lok Sabha on Saturday passed Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 amid counter allegations levelled by both the BJP and the Congress

MNCs approach tax dept, seek revision of agreements due to Covid-19

These companies are reaching out to the direct tax board to seek clarity on revising the advance pricing agreements

Govt modifies e-assessment scheme after PM unveils Taxpayers' Charter

The nomenclature of the scheme has now been changed to "Faceless Assessment Scheme" from the existing "E-assessment Scheme"

Legal heirs not bound to inform I-T dept about assessee's death, rules HC

The court reasoned that there might be instances where the deceased assessee was estranged from legal representatives or the deceased assessee might have bequeathed their wealth to charity

Rules amended for faster resolution of MNCs' tax disputes under MAP

The move will help in speedy settlement of cases of multinational corporations which have opted for the alternative dispute resolution process

You may have to file ITR even though your income might not be taxable

Even if your income is below the exemption limit, you will still have to furnish ITR

Decoding India's stand on digital tax

Traditional international tax law principles fail to account for the developments in technology that allow businesses to cater to market jurisdictions remotely