IMF sees Indian economic growth rebounding to 7% next fiscal
The recent tax cuts, government's progress in addressing lingering weaknesses in the financial sector and measures to support growth sectors as seen as factors underpinning growth in the near term.
View: To fuel the economic growth, bring villages closer to towns
India needs to add manufacturing to the still overwhelmingly agricultural r...
View: The tax matter India must not cede ground on
This should have been basic logic: MNCs must pay their share of tax in every market where ...
How the proposed new Direct Tax Code could cut your income tax
The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs. It submitted its report on the new Direct Taxes Code to the government in August.
L&T Fin net falls 69% on new tax rules
Earnings increased 15 per cent to ₹647 crore before the one-time tax impact.
RIL yet to decide on adoption of newer rate of corporate taxation
The gov had last month slashed the corporate tax by ten percentage points, under which the effective outgo for cos will come down to 25.17%. RIL has only reduced the Minimum Alternate Tax (MAT) to 15 per cent from the earlier 18.5 per cent
How govt growth push has altered landscape in equity & debt assets
Low inflation still continues to provide cushion for rate cut, albeit in a more staggered manner.
How to do $5 trillion by 2024: Cut personal taxes, reform labour laws, sell assets
Modi could follow the model he himself pioneered in the Special Economic Zones in Gujarat back in 2004.
‘Stock prices are a better tool to predict GDP trends, not vice-versa’
In theory, stock price increases should exactly match real GDP growth.
Will prepare blueprint for companies looking beyond China: Finance Minister Nirmala Sitharaman
Sitharaman said India wants to create an ecosystem to invite the companies to tap the country's market.
Foreign companies may be protected from retro changes
The government would create a platform with the Invest India agency, with representations from regulatory ministries and departments to ensure timely and expeditious clearances at one go.
Cos tailoring land deals, machine transfers to claim lower tax rate
After the tax cut by Finance Minister, many cos are trying to find a way around the rules to reap some benefit of the same. Deals are being tailored and tax experts are being consulted to find a way to register their deals as that of a new company.
Companies strategise to avail MAT credit, benefit from lower corporate tax
Some of the largest cos that have thousands of crores lying on their balance sheets in the form of unused MAT credit are looking to go for setting up new companies.
MAT credit not available to companies opting for lower corporate tax rate
Firms that opt for the new tax rate will lose out on the Minimum Alternate Tax credit lying on their books.
Corporate tax cut is a signal to structural reforms: CEA
On the sluggishness in the GST collections, he said the tax collection varies with the nominal rate of GDP in the economy and there has been some slowdown in it.
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