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.
Appliances, consumer electronics industry seeks tax relief, incentives in upcoming Budget
Manufacturers of appliances and consumer electronic...
Person of Indian Origin (PIO) figures in Europe’s biggest tax heist
They fooled the system in a way that that two investors could claim refun...
Cut in personal tax possible: CLSA
Any cut in income tax rates will be seen as a boost for discretionary companies.
How to earn regular income by investing in mutual funds
With interest rates unlikely to head upward anytime soon, retirees need to get out of the fixed deposit mindset. Yes, FDs earn interest income, but withdrawal from mutual fund investments offers many hidden benefits.
Budget: Life insurance industry expects govt to make annuities tax free, widen section 80C
The tax burden on the individual is too high when considering an essential product like life insurance and reduces their ability to have the right coverage.
No Canada, Australian visas if you flout traffic rules in Ludhiana
Police have been getting calls every month in the past one year from these embassies seeking traffic violation details of visa applicants, Ludhiana police commissioner Rakesh Agrawal told TOI on Friday.
Tweet Buster: LTCG relief, income-tax cut two key demands of market mavens
It will be a tough task for Nirmala Sitharaman to please all when she presents Budget on Feb 1.
Higher taxes, other levies hurting luxury car sales; govt must address in Budget: Audi India head
"Luxury car sales are impacted by high GST rates, import duties and registration taxes, which is limiting the segment to a mere 1.2 per cent of the overall car market; when compared to other global markets," Audi India head Balbir Singh Dhillon said. He further said, "Every major luxury car player has de-grown in volumes during 2019."
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.
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.
New India Assurance settles insider trading case with Sebi, pays over Rs 62 lakh
New India Assurance paid Rs 62.68 lakh to settle the case through settlement procedure.
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...
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