Relaxation, clarification on capital gains tax needed in Budget 2020: EY
To encourage small tax payers to invest in the stock market, the government may consider increasing the limit of Rs 1 lakh for taxing the long-term capital gains from transfer of such equity shares and units of equity-oriented funds.
Cut in personal tax possible: CLSA
Any cut in income tax rates will be seen as a boost for discretionary companies.
Now, Czech govt pushing ahead with tax on Google
Lawmakers in Prague have been debating a Bill that would slap a 7% levy on the digital revenue of large online companies such as Google or Facebook. Foreign minister Tomas Petricek met US ambassador Stephen King after the envoy wrote an opinion piece for a newspaper saying that his country might respond with proportional countermeasures against the Czech Republic.
Investors in India hope to see tax on equity gains scrapped
Here are the key areas where market participants are looking for action.
Why tax cut won't fix India's bruised economy
It will be a mistake to reduce tax rates when the tax revenue is below the target and the fiscal deficit is high.
Arbitrary or excessive tax results in social injustice by a government: CJI Bobde
According to official data, total pendency of appeals at the Supreme Court, High Court and CESTAT as on June 30, 2017, was 2,73,591, whereas the same significantly came down to 1,05,756 as on March 31, 2019, a reduction of 61 per cent. With regard to direct taxes, as many as 3.41 lakh cases were pending before commissioner (appeals), while 92,205 cases were pending before the ITAT as on March 31, 2019.
Budget 2020: Is a rejig on direct tax rate on card?
Every year in anticipation of the Finance Minister's Union budget, individuals like you and me usually wait for that one section of the budg...
India faces first fall in direct taxes in at least two decades: Report
The govt had set a target of Rs 13.5 trillion as direct tax collection for the current year.
Smart investors' guide to ELSS mutual funds
The section 80C includes a host of options that qualify for tax deductions. That includes your Employees Provident Fund or EPF, ELSS and life insurance premium.
What do mutual fund investors expect from Budget 2020?
Mutual fund houses are playing it safe this year - most refuse to comment on their expectations from the budget. Association of Mutual Funds of India or Amfi has already put out a wish list.
Hike in tax sop for health insurance premium sought in Budget 2020
With the rise in healthcare costs, the tax exemption limits can be further increased by 20% for self and dependent parents each. This will provide a huge relief in terms of disposable income and help increase the penetration of health insurance.
Five structural changes to make GST simple, stable
With the new compliance regulations, including e-invoicing, proposed from April 2020, the revenue collection is likely to improve with real-time tracking of input credits claimed by businesses.
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