Tories vow not to increase income tax for UK’s richest

The Conservatives have ruled out raising income taxes on the highest earners – despite having refused to make the same pledge for taxpayers on lower incomes. Theresa May has repeatedly refused to rule out raising tax on ordinary workers during the election campaign, with income tax and national insurance hikes potentially on the table. However senior More...

by Loknath Das | Published 2 months ago
By Loknath Das On Wednesday, May 31st, 2017
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Now Link Aadhaar With PAN Using SMS, Says Income Tax Department

New Delhi: The Income Tax Department today urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility. The department issued advertisements in leading national dailies and described how both More...

By Loknath Das On Monday, May 29th, 2017
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Should agricultural income be taxed?

The recent discussion on taxing farm income is nothing new. This kind of thinking was doing the rounds even in British India, when as early as 1925, a committee was set up to assess the feasibility of taxing agriculture More...

By Loknath Das On Thursday, May 4th, 2017
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Why India should tax agricultural income

In 1925, the Indian taxation enquiry committee noted, “There is no historical or theoretical justification for the continued exemption from the income tax of income derived from agriculture. There are, however, More...

By Loknath Das On Sunday, April 30th, 2017
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High incomes, awful finances People for whom $100,000 isnt enough to live on

Katrina Genefaas, from Rotorua, could teach people who say they’re struggling to get by on $100,000 a thing or two. After she split with her long-time partner, the mental health nurse found herself alone More...

By Loknath Das On Tuesday, April 18th, 2017
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Income Tax Declaration To Employer 10 Changes You Should Be Aware Of

In the beginning of every fiscal year, employees are asked for details like their investment in ELSS (Equity Linked Savings Schemes), insurance policies, house rent, home loan, education loan etc. by their employer More...

By subhadip On Monday, February 6th, 2017
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Over 10,000 people have signed to support Basic Income

The Basic Income Canada Network (BICN) has just passed their goal of signing 10,000 people who support a basic income guarantee in Canada. This milestone marks the culmination of over a year of collecting supporters. More...

By subhadip On Monday, February 6th, 2017
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Federal minister fields questions on basic income at meeting with students

Thirty McGill students meet with Jean-Yves Duclos, the Federal minister of Families, Children and Social Development for Canada. If you follow this site, you may remember a piece on my meeting with François Blais, More...

By subhadip On Tuesday, January 3rd, 2017
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Raisio CEO Matti Rihko resigns

Raisio CEO Matti Rihko resigned from the Finland-based food company today (3 January), with immediate effect. Rihko has headed up the Benecol maker since 2006. Raisio did not provide a reason for his departure More...

By subhadip On Thursday, December 8th, 2016
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Police open inquiry into historical child sex abuse at London football clubs

British police said they had launched an investigation into allegations of historical child sex crimes at London soccer clubs following a wave of reports from former players that they had been abused as youngsters. Last More...