NEW DELHI: In a relief to religious trusts, educational institutions and other charitable institutions, the income tax department on Friday deferred by 4 months till
Tag: tax
super rich tax: View: What happens if the Covid tax on super-rich becomes a reality
By Siddhartha Sanyal Of late, there had been suggestions of imposing a one-time Covid-19 relief cess and/or a wealth tax on India’s super rich population,
India’s budget gap for FY 19-20 breaches estimate on poor tax collection
By Siddhartha Singh India’s budget gap for the year ended March 31 has touched 4.4% of gross domestic product, breaching the target set in February
‘Google tax’ could draw reprisal, US cautions India
New Delhi: India’s 6% equalisation levy on foreign online advertising platforms may impede its overseas trade and increase the risk of retaliation from countries where
Banks and manufacturing companies look at significant deferred tax asset hit on financials
Mumbai: The uncertainty around future taxable profits because of the Covid-19 virus outbreak may lead to write downs or impairments of tax assets at some
India’s direct tax collections fall short by Rs 1.4 lakh crore of the revised estimates
Mumbai: Despite the revised estimate (RE) made in the Union Budget, direct tax collections for the financial year ended March 31 fell short of Rs
income tax: Tax dept asks officers working from home to chase large taxpayers for dues
New Delhi: A three-month extension in deadlines for tax payment and filing of returns notwithstanding, the Income-Tax Department has asked field formations to contact large
nri tax: FM Nirmala Sitharaman sets Rs 15 lakh income cap to tax NRIs
New Delhi: Finance minister Nirmala Sitharaman softened the contentious budget proposal to tax non-resident Indians, putting in place a threshold of ₹15 lakh for the
Direct tax collection contracts in April-February period, at 8.13 lakh crore
Direct tax collections for the financial year till February 2019 stood at Rs 8.13 lakh crore, marginally short of Rs 8.43 lakh crore for the
I-T department asks top corporates, HNIs to settle tax disputes
MUMBAI: After nudging the central and state public sector units (PSUs) to avail of the Vivad se Vishwas dispute resolution scheme, the income-tax department is
