Tax Department rolls back order; allows joint property owners to file returns using simple forms
"After the notification, concerns have been raised that the changes are likely to cause hardship in the case of individual taxpayers," the Central Board of Direct Taxes (CBDT) said in a statement.
Govt, regulators yet to find a single regime for FPIs, NRIs
The challenge is to put in place a neat, unified regime without causing chaos.
Banks, telcos, insurers may be exempted from GST e-invoices
Banks, airlines, insurance companies, armed forces and telecom service providers ...
Bad loans may continue to stress banks
Some large corporate groups continue to remain stressed, including Essel Group and Coffee Day.
'Panipat' declared tax-free in Maharashtra; an elated Ashutosh Gowariker tweets 'heartfelt gratitude'
Gowariker took to Twitter to thank the state government for its decision.
Nine-point plan firmed up to plug GST revenue leaks
The action plan was finalised after a meeting of state and central GST chief commissioners.
All eyes on Nirmala Sitharaman's second Budget for tax relief
Nirmala Sitharaman faced flak for not doing enough to revive a slowing economy in her maiden July 5 Budget.
MTaI seeks streamlining of tax & duty structure to make medical devices affordable
"High customs duties have adversely impacted the costs of medical devices and equipment in India which contradicts the government's efforts to provide low cost healthcare available to masses through programs such as the AB-PMJAY," MTaI Director Sanjay Bhutani said.
View: Tax regime globally, as well as in India, is heading for some significant changes
The role of tax havens where servers can be located makes the task of a tax authority even more difficult. The debate on where MNCs should be taxed has grown interesting.
No more cuts in corporate tax: Abhijit Banerjee’s advice to FM
"No more cuts in corporate taxes...the corporate sector (is) sitting on cash, it is not investing, " he said.
Large taxpayers yet to take benefits of Sabka Vishwas amnesty scheme
As per sources, 161,214 taxpayers out of the total 1.84 lakh eligible taxpayers have already availed the scheme.
Tax optimiser: Why Pai can save tax only marginally via NPS
You can optimise tax by rejigging your income and investments. In this taxpayer's case, there is scope for further tax reduction if he makes use of all the deductions available.
What FM Nirmala Sitharaman could do in Budget 2020 to boost demand and revive economy
Consumer demand is lacklustre, tax collection is modest & estimated GDP growth for 2019-20 is 5%, an 11-yr low.
Startups: Waiting for regulatory relief
Entrepreneurs want a stable policy environment, a longer time horizon to carry forward losses and to pay taxes on ESOPs only during sale. To raise funds, startups tend to approach a large number of venture funds – sometimes up to 400. However, under Section 42 of the Companies Act, if a startup sends information to more than 200 investors, it is deemed to be a public company.
Govt may provide tax incentives for startups in Budget
Startup India initiative of the government aims at fostering entrepreneurship and promoting innovation by creating an ecosystem that is conducive to growth of budding entrepreneurs.
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