NON TAX RECEIPTS
Govt stares at tax shortfall of Rs 2 lakh crore; room for income tax cut limited
As the Budget draws near, the odds for a personal income tax cut are becoming less and less likely.
Cut in personal tax possible: CLSA
Any cut in income tax rates will be seen as a boost for discretionary companies.
Budget: Life insurance industry expects govt to make annuities tax free, widen section 80C
The tax burden on the individual is too high when ...
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.
Five non-telecom PSUs seek clarity from SC on AGR order
Non-telecom public sector units GAIL India, Power Grid Corporation (PGCIL), Oil India (OIL) and two others are filing separate applications in the Supreme Court for clarification on applicability of its October 24 order on payment of licence fee dues.
Sebi comes out new framework to check non-compliance of listing rules
According to a Sebi circular, exchanges can impose a fine of Rs 50,000 per instance for non-compliance with respect to obtaining in-principle approval of bourses before issuance of securities.
Tax queries: How will the refund I receive for delayed delivery of property be treated for tax purposes?
Every week, an expert selected by ET answers queries from our readers on income tax.
FM urged to equalise tax benefits for govt and non-govt employees in Budget 2020
The Income-tax Act, 1961 differentiates between a government employee and non-government employee. However, this should not be the case. There are numerous tax benefits available only for the government employees only.
How India can fix its problem of not collecting enough taxes
So, how do we collect more taxes? Using the GST and following up on the audit trails it generates.
Karnataka may soon announce relief as industries find property taxes steep
In the case of electricity bills, commercial consumers attract the highest tariff while industrial units pay a lower tariff. The government is working on similar lines of introducing a separate tax rate for industries. The Minister, however, said the Cabinet will take a view on whether to make the proposed relief prospective, or retrospective.
From Budget 2019 to 2020: How to sustain a culture of innovation
It is important to acknowledge the government’s efforts to eliminate bottlenecks for entrepreneurs. Under the new policy of ‘Startup India Vision 2024’, the government has announced the setting up of at least 50,000 new startups, 500 new incubators and 100 innovation zones by 2024.
Three years after notebandi, ‘corrupt’ jewellers face heat
Armed with data, tax authorities have cracked the whip on jewellers who made huge cash deposits post demonetisation in 2016 but could not explain how they generated so much money when they were showing low income in their tax returns.
A tax cut for you in Budget won't give India the boost it needs
To reverse the ongoing economic slowdown, the immediate priority is to stimulate demand in the system.
Budget may make faking input tax non-bailable crime for buyers too
CXOs, directors or employees directly responsible for making such claims can also be penalised.
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