Tag archive for ‘Tax’
By Loknath Das On Friday, October 20th, 2017

Why Its Time to Revisit Income Tax on Individuals

The Bharatiya Janata Party (BJP) had promised a “simplified tax regime” for providing a non-adversarial and conducive tax environment and a rationalised and simplified tax structure. However, thus far, it remains More...

By Loknath Das On Friday, September 8th, 2017

Donald Trump Promises Tax Reforms To Bring Back ‘Trillions Of Dollars’

Washington: United States President Donald Trump has said that he would bring in a new tax regime in the US that will induce American businesses to bring back “trillions of dollars” stacked abroad. More...

By Loknath Das On Thursday, August 31st, 2017

Senior Income Tax Officials Booked By The CBI On Corruption Charges

NEW DELHI:  The CBI has booked three senior officers of the Income Tax department in connection with alleged entries of payments made to them in a diary recovered during IT raids at a business group’s More...

By Loknath Das On Saturday, August 19th, 2017

Are Income Tax consultants charging 25 per cent on TDS refund?

To file Income Tax returns, taxpayers are not required to submit salary deduction statement and other investment documents. While this is seen as a huge relief for people filing their returns, the same rule is More...

By Loknath Das On Wednesday, July 26th, 2017

GST Council May Take Up Certain Tax Issues In August 5 Meet

New Delhi: The GST Council at its meeting next month is likely to take up taxation issues raised by sectoral bodies along with a review of implementation of the new tax regime, according to a top official. Central More...

By Loknath Das On Tuesday, July 25th, 2017

Notes Ban, GST To Widen Tax Base, Make Cash Dealing Difficult: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley today said demonetisation and GST will make cash transactions a lot more difficult and lead to greater compliance as well as expansion of tax base. Jaitley said the government More...

By Loknath Das On Sunday, July 23rd, 2017

Why tech companies are spending so much to lobby the U.S. government on tax reform

For the likes of Apple, Microsoft and Google, their approach to Washington, D.C., is straightforward: They’re willing to spend money to make money — at a lower tax rate. The industry’s record lobbying spending in More...

By Loknath Das On Monday, July 10th, 2017

Tax Officials Can’t Visit Shopkeeper’s Premises Without Authorisation

New Delhi: No tax officer has been authorised to visit premises of traders and shopkeepers without prior permission and any deviation should be reported to a complaint helpline, the government today said. The finance More...

By Loknath Das On Saturday, July 8th, 2017

Government Likely To Raise Sugar Import Tax To 50%: Report

New Delhi: India, the world’s biggest sugar consumer, is likely to raise import duty on the sweetener to 50 percent from 40 percent in an attempt to restrict cheaper flows of the commodity from overseas, More...

By Loknath Das On Wednesday, June 28th, 2017

Ready Or Not, Businesses Brace For GST, Biggest-Ever Tax Reform

Meerut: Businessman Pankaj Jain is so worried about the impending launch of a new sales tax in India that he is thinking of shutting down his tiny textile factory for a month to give himself time to adjust. Jain More...