Tag archive for ‘Tax’
By Loknath Das On Saturday, July 8th, 2017
0 Comments

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
0 Comments

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...

By Loknath Das On Saturday, June 10th, 2017
0 Comments

Aadhaar Must For Income Tax Return Filing, New PAN From July 1: Taxman

New Delhi: The CBDT on Friday made it clear that Aadhaar will be a “must” for filing of Income Tax Returns or for obtaining a new PAN from July 1. The policy-making body of the Income Tax Department More...

By Loknath Das On Wednesday, June 7th, 2017
0 Comments

Income Tax department might follow the GST path

India is soon going to follow the one-nation, one-tax principle after the implementation of the goods and services tax (GST) from July 1. However, the same principle might be adopted in a much more broader sense More...

By Loknath Das On Tuesday, June 6th, 2017
0 Comments

Income tax return: Do super senior citizens have to file returns?

  My father is over 90 years of age and has income from pension, interest on fixed deposits and savings account. His total income is Rs 2 lakh per annum. He has no TDS refund claim. Is he required to file More...

By Loknath Das On Monday, June 5th, 2017
0 Comments

Income tax return: Do super senior citizens have to file returns?

My father is over 90 years of age and has income from pension, interest on fixed deposits and savings account. His total income is Rs 2 lakh per annum. He has no TDS refund claim. Is he required to file income More...

By Loknath Das On Saturday, June 3rd, 2017
0 Comments

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 More...

By Loknath Das On Wednesday, May 31st, 2017
0 Comments

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 Tuesday, May 30th, 2017
0 Comments

GST: Amusement park industry urges lowering of tax rate

With the imposition of a mammoth 28 per cent tax rate on amusement-theme parks under the forthcoming Goods and Services Tax (GST) regime, there exists an underlying threat to its survival as it will not only hamper More...

By Loknath Das On Monday, May 22nd, 2017
0 Comments

Companies Spurned by Supreme Court on $1 Billion Michigan Tax Change

May 22, 2017, 7:05 PM GMT+5:30 The U.S. Supreme Court refused to question a Michigan tax change that companies including IBM Corp. and Procter & Gamble Co. say will hit them retroactively with a $1 billion More...