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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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CBDT notifies protocol for amendment of trade between India, Mauritius

CBDT notifies protocol for amendment of trade between India, Mauritius

Mon, Aug 29, 2016

The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries on May 10, 2016.

Cabinet approves signing of Double Taxation agreement with Cyprus

Cabinet approves signing of Double Taxation agreement with Cyprus

Wed, Aug 24, 2016

India, today took another major step in the fight against tax evasion, "round tripping" and "base erosion/profit shifting".

Total income tax returns amounted to Rs 19 lakh crore in 2012-13

Total income tax returns amounted to Rs 19 lakh crore in 2012-13

Sat, Aug 20, 2016

The highest amount of Rs 12.13 lakh crore IT returns coming from the Business Income group, followed by Salary Income which amounted to Rs 6.26 lakh crore.

Are foreign portfolio investors taking a liking to India?

Are foreign portfolio investors taking a liking to India?

Wed, Aug 17, 2016

Gautam Mehra, Leader – Tax and Regulatory, PwC India said, "One of the key takeaways from the Survey is that investor opinion about the Indian tax and regulatory environment is slowly moving in a favourable direction,"

Clintons paid 34.2% federal tax rate from earnings of $10.75 million in 2015

Clintons paid 34.2% federal tax rate from earnings of $10.75 million in 2015

Fri, Aug 12, 2016

In 2015, the Clintons made $1 million in charitable contributions, mostly to the Clinton Foundation; former President Bill Clinton brought in nearly $5.3 million in speaking fees.

Indirect tax collections registers 30% growth upto July 2016

Indirect tax collections registers 30% growth upto July 2016

Tue, Aug 09, 2016

During the month of July the total indirect tax collections had increased by 23.4% as it stood at Rs 68,341 crore in July 2016 from Rs 55,388 crore in the same month a year back.

Trump promises to cut income, corporate taxes in Detroit speech

Trump promises to cut income, corporate taxes in Detroit speech

Tue, Aug 09, 2016

Republican presidential nominee Donald Trump on Monday sought to regain momentum with an economic speech in which he floated new tax breaks and cuts to regulation, as protesters repeatedly interrupted him.

Here's why GST rollout by April 2017 will be a challenge for the govt

Here's why GST rollout by April 2017 will be a challenge for the govt

Thu, Aug 04, 2016

The government will now have to get the bill passed in the Lok Sabha, which can be as soon as Monday.

What GST bill has in store for Real Estate?

What GST bill has in store for Real Estate?

Thu, Aug 04, 2016

Anup Puri said, “The direct impact of GST on real estate, in terms of tax outflow for developers and consumers, will depend on whether the final GST rate is more or less than the taxes paid currently.”

GST: Tax rates that other countries charge

GST: Tax rates that other countries charge

Wed, Aug 03, 2016

The Goods and Service Tax (GST) Consitutional Amendment was finally passed after 16 years as the Rajya Sabha voted in favour of it on Wednesday. The bill was unanimously passed by the members of the house.

Govt extends deadline for filing I-T returns to August 5

Govt extends deadline for filing I-T returns to August 5

Fri, Jul 29, 2016

The Government of India has extended the deadline for filing the income tax returns (ITRs) for people across India to August 5, 2016. Earlier the government had set July 31 as the deadline for filing the income tax returns (ITRs).

Cabinet drops 1% additional tax on inter-state sales for GST bill

Cabinet drops 1% additional tax on inter-state sales for GST bill

Wed, Jul 27, 2016

The cabinet also approved the decision to compensate States fully for 5 years for the losses due to the GST.

Can Centre and state govts find middle ground over GST?

Can Centre and state govts find middle ground over GST?

Tue, Jul 26, 2016

Most states' financial ministers agreed that there should not be constitutional cap on the Goods and Service Tax (GST).

Civil Aviation Ministry to levy future tariffs at all airports on 'hybrid-till' basis

Civil Aviation Ministry to levy future tariffs at all airports on 'hybrid-till' basis

Tue, Jul 19, 2016

In an attempt to bring in uniformity and level playing field across various airport operators, the Civil Aviation Ministry on Tuesday said that future tariffs at all airports will be calculated on a 'hybrid-till' basis.

Buying mobile apps on Google and Apple to soon become costlier

Buying mobile apps on Google and Apple to soon become costlier

Tue, Jul 12, 2016

Apart from mobile applications bought from Google and Apple, other digital transactions may also be brought under equalisation levy' umbrella, the source added.

Here's how to use Income Tax Declaration Scheme

Here's how to use Income Tax Declaration Scheme

Fri, Jul 08, 2016

In an attempt to curb black money flowing into the country's economy, Prime Minister Narendra Modi-led government has launched an Income Tax Declaration Scheme, 2016.

Finance Ministry lowers taxes for corporates, small businesses to boost growth, employment

Finance Ministry lowers taxes for corporates, small businesses to boost growth, employment

Mon, May 09, 2016

The steps that will be taken include lowering of corporate tax to 25% for new manufacturing companies, extending tax benefits to housing sector and reducing technical service fees among others.

All you need to know about new Google Tax

All you need to know about new Google Tax

Sat, Mar 26, 2016

There's a new tax in town, and it goes by various names – the 'Google Tax' or 'Amazon Tax' or the 'Facebook Tax' – in the UK and Spain. As the name suggests, it's got something to do with e-commerce companies. Let's take a look.

Here's why you should avoid investing in ULIPs

Here's why you should avoid investing in ULIPs

Wed, Mar 23, 2016

With the March 31 deadline looming to file income tax returns, many people look to make last-minute tax-saving investments in haste. Which means, it is this time of the year when Unit Linked Insurance Plans (popularly known as ULIPs) are typically pushed by insurance agents.

Here are some last minute tips to save on taxes

Here are some last minute tips to save on taxes

Wed, Mar 23, 2016

If you haven't made adequate investments to save on taxes, here are a few quick tips to help you.

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