Page 25 - Latest Updates on Income tax
Budget 2023 proposals will put India firmly back on the FII's radar
The measures, overall, will push private capex higher at a time when the global economy is facing recessionary headwinds, says Andrew Holland
 "Budget 2023 proposals will put India firmly back on the FII's radar")
Budget delivers a big boost for consumption-related stocks: Analysts
The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said
 "Budget delivers a big boost for consumption-related stocks: Analysts")
FM should cut cess, taxes on fuels and surcharge on income tax: Chidambaram
Finance minister must find out answers as to why India Inc. is not investing, says Congress leader
 "FM should cut cess, taxes on fuels and surcharge on income tax: Chidambaram")
Tax harvesting: Strategy for offsetting losses that needs careful planning
Equity investors should go for the strategy before March 31 and reduce their liability on capital gains
 "Tax harvesting: Strategy for offsetting losses that needs careful planning")
Finance Ministry contemplating sops for middle class in upcoming Budget
The government has not raised income tax exemption limit from Rs 2.5 lakh which was fixed in 2014 by the then Finance Minister Arun Jaitley in his first Budget
 "Finance Ministry contemplating sops for middle class in upcoming Budget")
Centre expected to introduce new income tax slabs in Budget 2023: Report
Currently, there are six slabs in the new personal income-tax regime, starting with the Rs 2.5-5 lakh income bracket taxed at 5 per cent
 "Centre expected to introduce new income tax slabs in Budget 2023: Report")
Budget 2023: Salaried class wants higher tax-free slab as inflation bites
From a tax-free slab of Rs 5 lakh to a higher exemption limit under Section 80C, here is what experts are hoping for in Budget 2023
 "Budget 2023: Salaried class wants higher tax-free slab as inflation bites")
Wealthy Indians reporting lower income, paying less tax: DSE study
The study found that the average taxable income reported by the bottom 10 per cent of households was more than 170 per cent of family wealth
 "Wealthy Indians reporting lower income, paying less tax: DSE study")
Centre planning rate changes in new income tax structure, says report
Individuals can currently decide which set of rates they want to be taxed under
 "Centre planning rate changes in new income tax structure, says report")
Taxes, incentives, reforms: How to read this year's Budget document
What taxpayers, senior citizens and investors should look out for in the Finance Minister's speech
 "Taxes, incentives, reforms: How to read this year's Budget document")
Rates are out of tune for higher-income levels, need revisions
India is somewhere in the middle when taxation for the upper-income bracket is considered, but leaving tax rates untouched can translate into a heavier tax burden on the population
 "Rates are out of tune for higher-income levels, need revisions")
CBI arrests Chennai Income Tax officer, CA in Rs 2,25,000 bribery case
The bureau's action came after an FIR was registered against CPWD's superintendent engineer Sanjay Chinchghare, assistant valuation officer D.Manjunathan and chartered accountant Satgurudas and Suresh
 "CBI arrests Chennai Income Tax officer, CA in Rs 2,25,000 bribery case")
Top headlines: I-T dept goes after tax arrears of over Rs 7.7 trn, PMAY-G
Business Standard brings you the top headlines at this hour
 "Top headlines: I-T dept goes after tax arrears of over Rs 7.7 trn, PMAY-G")
Income Tax searches on premises of Exel Group of companies in Hyderabad
The Income Tax department on Wednesday conducted searches on premises of Exel Group of companies in Hyderabad and neighbouring Sangareddy district for alleged irregularities in income tax payment
 "Income Tax searches on premises of Exel Group of companies in Hyderabad")
Trump's returns show how he used write-offs to pay little or no tax
The returns, which include his personal and business filings from 2015 to 2020, are the first complete look into Trump's tax records for the years he was running for office and in the White House
 "Trump's returns show how he used write-offs to pay little or no tax")
Should Indian states also levy an income tax?
An RBI report recently highlighted the grim fiscal condition of ten states. And of them, five seem to be in dire condition. What ails these states? What can be done to revive their economy?
Here is why the Centre should hand over a lower share of taxes to states
The Centre should share only 25 per cent of tax revenues with states, and the states should be allowed to impose their own income tax
New York risks losing wealthiest residents over high taxes: Official
An analysis by New York City's Independent Budget Office released this week showed that the number of city taxpayers who earned between $1 million and $5 million declined 11% in 2020
 "New York risks losing wealthiest residents over high taxes: Official")
Budget 2023: How technology may help achieve the impossible trinity
Experts have requested FM Sitharaman for a cut in income tax rates, increase in expenditure, and fiscal consolidation
 "Budget 2023: How technology may help achieve the impossible trinity")
TMS Ep323: Budget impact on taxes, Cyber attacks, Markets, Share buyback
How will Budget 2023 affect your taxes and investments? How can you protect your bank account from cyberattacks? Will 2023 belong to the Bulls or the Bears? What is a share buyback? All answers here
 "TMS Ep323: Budget impact on taxes, Cyber attacks, Markets, Share buyback")