Page 7 - Direct Taxes

Will the country finally have an integrated tax surveillance system?

Valuable leads on under-payment of tax have often slipped between CBDT and CBEC, who have been more eager to protect their respective turfs

Direct tax refunds down 10% amid Covid-19 pandemic, says CBDT

Only withheld refunds where assessee reply is awaited, says CBDT

Digital strike: US may take trade action against India for Google tax

India imposed the tax in 2016 on all overseas e-commerce transactions originating in India at an additional 2%.

Govt's cost-cutting drive: Proposal to merge CBDT, CBIC back on the table

Freezing hiring, curtailing allowances, and merging of job categories also on the cards

Q1 advance tax mop-up falls 76% as Covid-19 pandemic bites economy

Net collection down 32%

CBDT sets a minimum fee for managers of India-based offshore funds

The Finance Act, 2015, had introduced Section 9A to encourage fund management activity from India and provide a safe harbour to onshore managements of offshore funds

10 ways to plan your finances right during the coronavirus crisis

Here's how to protect your finances during these difficult times and work on your short- and long-term financial goals efficiently

Coronavirus outbreak: Direct tax shortfall likely to touch a 20-year high

The income tax department estimates total collection to be between Rs 10.5 trillion and Rs 10.7 trillion against the revised target of Rs 11.7 trillion

Vivad se Vishwas: IT dept begins implementation, taxpayers await rules

The scheme is open till June 30 and an additional 10 per cent needs to be paid for taxes paid after March 31

Govt needs Rs 3.06 trillion in 20 days to meet direct tax target

The data showed that the government has collected 73.8 per cent of direct tax target as given in RE by March 10 and 88.71 per cent of indirect tax mop-up projection by February 29

Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn

Finance Minister Nirmala Sitharaman would move 'The Direct Tax Vivad Se Vishwas Bill, 2020, for consideration. Stay tuned for LIVE updates on Parliament session in the Lok Sabha and Rajya Sabha

From vivad to samvad, to gain vishwas

The culture of 'collect first, correct later' needs to change

'Vivad se Vishwas': MNCs will have to bring all disputed amount to India

Else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid

FM introduces 'Vivad Se Vishwas' Bill in LS to settle direct tax disputes

It will not apply to prosecution cases under PMLA or IPC

Budget 2020: The focus is on simplifying GST and preventing evasion

The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration

Glide path for direct tax

Exemption-free option a good move, but clarity needed

Budget 2020: Centre kicks off immunity scheme to settle income tax disputes

Waiver from interest and penalty if paid by March 31; estimated value of contested money over Rs 5 trillion

Indirect tax: Few but well-justified changes in Budget 2020

Customs duties and exemptions need to be streamlined

Consumption a better theme than capex-related bets: Shreyas Devalkar

SHREYAS DEVALKAR tells in an interview with Shreepad S Aute that he believes equities as an asset class would continue to remain attractive

What can macro policy do?

Long-term structural reforms are required, such as a uniform GST and direct tax rates