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Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary
The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…
PTI
New income tax proposed by a government panel wants a 35% slab, says a report
It also recommended that surcharges should be do…
A government taskforce wants to bring more migrant Indians into the tax net
The committee recommended the government to change the residence rule. Currently, an individ…
Indian economists tell Finance Minister Nirmala Sitharaman to simplify GST and direct taxes
The economists were optimistic about the India growth story and put forward ways through which …
PTI
Direct taxes in India will be a lot simpler if Nirmala Sitharaman accepts these 3 proposals
The panel has proposed to alter tax brackets, revamp the Income Tax Act and make it tax-payer…
Rural distress can be addressed via infra building, demand boost by PM Kisan, MGNREGA: Survey
They also said an online platform should be developed to help banks accelerate the SME lending pro…
PTI
No tax proposed on annual income up to ₹500,000
The middle-class in India has been hit hard by several indirect taxes, rising prices, and income ha…
Consumption slump just a phase; neighbourhood shops hit hard, says Harsh Mariwala
The economic growth slowdown is a "reality" but all should keep a forward-looking approach to c…
PTI
Par panel asks govt to prevent misuse of input tax credit under GST as collection slows
New Delhi, Dec 10 () A Parliamentary panel on finance on Tuesday observed that the Goods and Servic…
PTI
Budget-making team of Finance Ministry short of two key officials
New Delhi, Dec 8 () The budget-making team of the Finance Ministry is short of two key officials, i…
PTI
New income tax slabs 2020, income up to ₹5 lakh exempt
New tax slabs have been proposed by the Direct Tax Code panel to boost consumption and investment. …
Here’s what people expect on income tax from the upcoming Indian budget
Last year’s budget did not alter the income tax slabs in any way and the exemption limit and the…
Indian Economy Not Mature Enough To Handle GAAR: ASSOCHAM
“The introduction of a fresh law with new concepts and new thoughts in the form of DTC will only un…
The long and the short of tax proposals in Budget for 2015-16
“The finance minister has delivered on expectations in terms of bringing a much needed benign trend…