Page 47 - Income Tax

Letter to BS: Lowering of interest rates for small savings not a wise move

This is not a wise move at a time when the rate of household savings is falling. India has practically no social security system for the old and the unemployed

'Too radical': Centre likely to implement direct tax code in parts

The new income tax regime is modelled on the task force's recommendations

New tax structure will leave more cash in the hands of people: Revenue Secy

He said the Budget gives an option to individuals to migrate to a new regime by foregoing their existing exemptions and deductions for a lower tax rate

Not all NRIs need to pay tax, here's what FM clarified post budget speech

Finance minister clarified that only Indian income of NRIs is proposed to be taxed under the new provision

Budget 2020: NRI tax to only impact India earnings, govt clarifies

The Union Budget had proposed on Saturday that NRIs have to pay up taxes on global earnings, if they're not paying in any other jurisdiction or country, generating much debate

Budget: Those taking I-T exemptions will gain if they shift, says AB Pandey

The new regime is simple, one has to see the exemptions one was taking earlier and compare the new tax rates without those exemptions, the Revenue Secretary said

Budget 2020: Need for an independent council to mediate with taxpayers

It is important to introduce an efficient dispute resolution mechanism to ease the pain of an overburdened dispute resolution machinery

Increase SIPs if markets fall

Though boring, these instruments work well if there is a broad bear market

Glide path for direct tax

Exemption-free option a good move, but clarity needed

After foreign companies, budget gives income tax exemption to ISPRL

Tax changes on ISPRL will be effective April 1

FM defends new tax regime, says it will benefit taxpayers in some brackets

She defended the new scheme by saying that it will benefit some taxpayers falling in certain brackets, if not all

Budget 2020: Now, Amazon orders to cost more if this amendment is enacted

In order to provide relief to small businessman, it is proposed to provide exemption to an individual and Hindu Undivided Family who receives less than Rs 5 lakh and furnishes PAN/Aadhaar

Budget 2020: NRIs not paying tax in other countries will be taxed in India

This means if an Indian citizen is not a resident of any country, they will now be deemed an Indian resident and their income will be taxed here

Budget 2020: Lower tax rate is great but do we need 'minimum govt'?

Is PPP the magic bullet for everything the government wants to do?

Budget 2020 ready reckoner: 10 questions you always wanted to ask

Income tax rates have been slashed, but can be availed only if the taxpayer lets go of most exemptions

New I-T regime to curb investments, will impact market negatively: Experts

The Union Budget for 2020-21 has proposed new income tax slabs and reduced the tax rate for different slabs

Budget 2020: A K Bhattacharya on major takeaways for the Indian economy

What did the finance minister have in the Budget for the Indian economy? Listen to the podcast to know

Taxpayers opting for new tax slabs to forego deductions on PF, tuition fee

As per the Budget document, an individual taxpayer opting for the new tax regime will not be entitled for deduction under 80C of the Income Tax.

Govt intends to remove all income tax exemptions in the long run: FM

Speaking at a press conference after presenting her second budget in the Lok Sabha, she said income tax cuts follow reduction in corporate tax rates in September last year

Income Tax slabs to fiscal deficit, all the key points from Budget 2020

Govt estimates economic growth this fiscal year, which ends on March 31, will slip to 5% - its weakest pace since the global financial crisis of 2008-09