Page 13 - Taxation

Tax havens and sovereignty

There is a built-in inconsistency in addressing both

Taxing issue

Lower transaction costs alone won't increase capital market activity

From today, private vehicles will have to pay toll on Rajasthan highways

As part of their statewide agitation, BJP protested the toll tax on private vehicles on state highways

Do NRIs have to pay advance tax: Expert answers your taxation questions

Only senior citizens (resident individuals of age 60 years or more) are not required to pay advance tax.

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

Govt mulls more steps to boost market sentiment, may scrap DDT, rejig LTCG

Officials believe DDT is acting as a hindrance to the inflow of foreign investment in the country; govt has been discussing the matter with regulators

OECD proposes plan to tax Google, Netflix among other tech giants

Floats consultation paper, seeks comments by Nov 12

Kind employers may offer gifts, but onus lies on employees to pay tax on it

Gifts from an employer to employee is taxable as perquisites if their value is more than Rs 5,000.

Big smile and two thumbs up: Industry's response to govt's $20-bn bonanza

The reduction in corporate tax rates follows a series of steps to boost demand and investments after growth slowed to 5% in the quarter ended June

Direct Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go

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

Google, Facebook, Amazon decry French digital tax as 'discriminatory'

Some 58% of Amazon's sales are through partner companies, which stand to take the hit

UP govt to crack down on tax evasion, eyes over Rs 1.4-trn revenue in FY20

CM Adityanath also exhorted the excise department to pull up its socks for posting higher excise revenue in the current financial year

Chidambaram hails PM's call for population control, single-use plastic ban

Chidambaram also said he hoped the finance minister and I-T officials had heard the PM's exhortation to respect wealth creators loud and clear

Revenue department to brief PMO on Rs 1.67-trillion tax shortfall

Despite a cut in the income tax collection target in the full Budget compared to the interim Budget projections, the target is far from realistic

I-T dept 'elephant' running amok to meet revenue shortfall: Rahul Gandhi

Congress leader Rahul Gandhi on Monday hit out at the Modi government, alleging that the Income Tax Department is "running amok"in a bid to meet India's revenue shortfall. "The FM (Nirmala Sitharaman) said in her budget speech that an elephant should take just 2 pounds of rice & not trample the entire paddy field," Gandhi said in a tweet. "Meanwhile, the IT dept elephant is running amok in a bid to meet India's revenue shortfall," he said. Gandhi also shared media reports alleging that "tax terrorism" was hurting India's growth.

The interests of the Revenue

Private sector must be a partner of the Revenue, not an enemy

Surcharge hike may stop overseas fund managers from shifting to India

Several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain

Abuse of RPTs continues to pose serious governance challenges in boardroom

The value of transactions with the potential for RPT conflicts exceeded Rs 2.8 trillion in 2018-19

Govt to consider grandfathering 20% tax on share buybacks already underway

Finance Secretary Subhash Chandra Garg said the proposed tax on listed companies is aimed at discouraging share buybacks and encouraging investments

Investors may find it hard to dodge India's plan to tax the super rich

The government has maintained that it is not specifically targeting overseas investors and that the increase in surcharge applies to individuals and entities