Tag: tax
This is a Budget for the future : Prime Minister Narendra...
Prime Minister Narendra Modi today described the Budget as "futuristic" with an aim on fulfilling the "dreams" of every section, including the poor, the...
GAAR to come into effect from April 1, 2017
The Centre has reiterated that the General Anti Avoidance Rules – aimed at curbing tax avoidance – will come into force on April 1,...
Demonetisation may compel govt to provide stimulus: IndRa
Finance Minister Arun Jaitley in his Budget on February 1 may have to provide stimulus to the economy reeling under the 'Tsunami' of demonetisation,...
CMs’ panel recommends a tax on cash deals above Rs 50,000
NEW DELHI: Days before the Budget, a panel of chief ministers has recommended a ban on cash transactions beyond a threshold and a tax...
GST is a very simple thing to follow says Adhia
Goods and Services Tax will usher in a very simple and less burdensome taxation regime as it will be a single rate indirect tax...
India has 24.4 lakh tax payers with an annual income of...
India has just 24.4 lakh tax payers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000...
India needs globally compatible tax rates: Jaitley
Finance Minister Arun Jaitley said a lower level of taxation that is globally compatible is necessary if the country has to have a broader...
Income Tax authorities to look into finances of over 200 political...
The Election Commission is set to write to the Income Tax authorities asking it to look into the finances of over 200 political parties...
Direct tax collection jumps 10.6% to Rs 3.77 lakh cr
Direct tax collections have soared 10.6 per cent in the first 7 months of current financial year on higher personal tax receipts.
As much as...
Deposit money but don’t expect tax immunity : Jaitley
Finance Minister Arun Jaitley on said deposits of now-defunct old Rs 500 and Rs 1,000 currency notes in bank accounts will not enjoy immunity...