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Taxes

Most of top-level executives have positive perception of GST: Deloitte survey

Most of top-level executives have positive perception of GST: Deloitte survey

Wed, Jun 19, 2024

An increasing number of C-suite executives have a positive perception of GST with many highlighting further reforms like rationalising tax rates and effective dispute resolution process as focus areas to usher in GST 2.0, a Deloitte survey said on Wednesday.

Tax Payers on Social Media: 'My Taxes for National Progress, Not for Freebies' Campaign

Tax Payers on Social Media: 'My Taxes for National Progress, Not for Freebies' Campaign

Fri, Jun 14, 2024

Tax payers are running "My tax for the progress of the country, not for free" campaign on social media. watch this video

GST: Avoid these mistakes while filing your GST returns

GST: Avoid these mistakes while filing your GST returns

Thu, Aug 10, 2023

Taxpayers often end up making certain common mistakes while filing GST returns, which can lead to heavy penalties, late fees, and even legal issues.

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GST won't lead to job losses at tax department, assures FM Arun Jaitley

GST won't lead to job losses at tax department, assures FM Arun Jaitley

Fri, Jan 27, 2017

Ahead of the rollout of GST, Finance Minister Arun Jaitley on Friday sought to address concerns of job loss from reduced work of tax officials, saying they should have no insecurity as enough work and opportunities will be available to them in the new indirect tax regime.

49% want taxes reduced to minimise demonetisation impact: Survey

49% want taxes reduced to minimise demonetisation impact: Survey

Thu, Jan 26, 2017

The survey also said that 89% of the citizens want the government expenditure on healthcare should increase to bring it at par with international standards, with 40% saying that the investment should be used for improving infrastructure at existing government hospitals.

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Budget 2017: FM Arun Jaitley may cut taxes, lack of indirect-tax data may make it tough

Thu, Jan 26, 2017

Tax experts have said that Finance Minister Arun Jaitley is likely to cut taxes in Budget 2017.

This Budget needs social re-engineering

This Budget needs social re-engineering

Wed, Jan 25, 2017

Kotak Bank, in a research report said, “Many tax payers see the payment of taxes as a burden as they believe that the government has failed to deliver the desired level of social benefits to them in exchange for payment of taxes.”

Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18

Budget 2017: ICRA expects government to keep fiscal deficit target of lower than 3.5% of GDP for FY18

Tue, Jan 24, 2017

As the Government of India prepares to announce its Union Budget 2017-18 in February, its unlikely to budget a fiscal deficit target higher than 3.5% of gross domestic product (GDP) for the fiscal year 2017-18 (FY18), said ICRA in its latest report on Budget 2017 expectations.

1 taxpayer owes 11% of India's individual income tax in 2014-15

1 taxpayer owes 11% of India's individual income tax in 2014-15

Tue, Jan 24, 2017

India had 36.5 million individual taxpayers who declared taxable income of Rs 16.5 lakh crore and were liable to pay Rs 1.91 lakh crore as income tax -- an increase of 23% and 37%.

Demonetisation drive to favour country's big gold jewellery store chains: World Gold Council

Demonetisation drive to favour country's big gold jewellery store chains: World Gold Council

Tue, Jan 24, 2017

India`s drive to bring transparency to bullion trading, along with the rise of branded gold jewellery, could help major retailers raise their share of the world`s second-biggest gold market to 40% by 2020, the World Gold Council (WGC) said.

Budget 2017: Industry, experts want corporate tax slashed to 25%

Budget 2017: Industry, experts want corporate tax slashed to 25%

Mon, Jan 23, 2017

In a bid to attract more investments in the country, both India Inc and analysts are looking for an immediate cut in the corporate tax to bring it down to 25% in the upcoming Union Budget 2017-18 from the current 30%.

Budget 2017: Government may announce incentives for gems & jewellery

Budget 2017: Government may announce incentives for gems & jewellery

Mon, Jan 23, 2017

The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget 2017 to promote growth of the industry.

Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions

Budget 2017: Payment gateway cos expect govt to offer incentives, tax breaks & exemptions to boost digital transactions

Mon, Jan 23, 2017

Find out what are Budget 2017 expectations of payment gateway companies like Telr, Payoneer, Atom Technologies, TechProcess Payment Services, RazorPay, Chillr, Happay and PayU India.

Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt

Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt

Wed, Jan 18, 2017

Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.

Taxpayers want basic income tax slab to be raised to Rs 5 lakh: Survey

Taxpayers want basic income tax slab to be raised to Rs 5 lakh: Survey

Mon, Jan 16, 2017

A large majority of tax payers also said that the deductions on the investment limit, medical reimbursement and travel reimbursement should be increased.

India's women-men wage gap is amongst the worst in the world

India's women-men wage gap is amongst the worst in the world

Sun, Jan 15, 2017

The wage gap between Indian men and women is amongst the worst in the world, a report by international confederation of charitable organisations, Oxfam, said. In some cases the gap exceeds 30% in terms of wages earned by men and women doing similar jobs, the report said.

US job growth slows, but wages rebound strongly

US job growth slows, but wages rebound strongly

Fri, Jan 06, 2017

US employment increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the economy for stronger growth and further interest rate increases from the US Federal Reserve this year.

India, Kazakhstan sign an agreement to amend old bilateral tax treaty

India, Kazakhstan sign an agreement to amend old bilateral tax treaty

Fri, Jan 06, 2017

India and Kazakhstan on Friday signed an agreement to amend the two-decade old bilateral tax treaty under which information exchanged between the two can be shared with other law enforcement agencies.

2016 had a few roadblocks for car sales in India

2016 had a few roadblocks for car sales in India

Sat, Dec 31, 2016

2016 has been a bumpy road for automobile companies in India. While the year started at a low, it shifted gears in the months of July, August and September. These hopes, however, were dashed at the end of the year by the impact of demonetisation.

India to tax capital gains of Singapore investors in amended treaty

India to tax capital gains of Singapore investors in amended treaty

Fri, Dec 30, 2016

In this amended treaty signed today Singaporean investors will no longer benefit from tax exemptions on capital gains taxes.

PM Narendra Modi hints at increase in taxes on income from stock markets; promises prudent reforms

PM Narendra Modi hints at increase in taxes on income from stock markets; promises prudent reforms

Sat, Dec 24, 2016

Ahead of the Budget, Prime Minister Narendra Modi on Saturday favoured increasing the tax contribution from various market participants in a "fair, efficient and transparent way" and promised more "sound and prudent policies and reform measures".

Deferred consumption to affect state govts' tax revenues: Icra

Deferred consumption to affect state govts' tax revenues: Icra

Tue, Dec 13, 2016

The states may not be able to appreciably compress their revenue expenditure below the projected level.

TCS, Deloitte, EY make it to shortlist for GST interface

TCS, Deloitte, EY make it to shortlist for GST interface

Fri, Dec 09, 2016

The GSP is mandated to provide innovative and convenient ways to taxpayers and other stakeholders in interacting with the GST Systems from registration of entity to uploading of invoice details to filing of returns.

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