Page 8 - Tax

Bira maker in tax trouble, struggles with salary and vendor payment delays

B9 Beverages reportedly has outstanding VAT dues amounting to Rs 26.38 crore in Maharashtra, Rs 7 crore in Madhya Pradesh, Rs 4.8 crore in Delhi, and Rs 4.7 lakh in Himachal Pradesh

Foreign companies' tax burden hits record low in India, shows CMIE data

Corporation tax cuts, GST reforms, compliance measures behind decline in tax outgo

Income-Tax Bill empowers taxman to ask for access to electronic systems

Scrutinising crypto, other virtual digital assets may become easier

Income Tax Bill, 2025: A pivotal step towards making law accessible

The traditional style of drafting the law has led to enormous tax litigation over the past six decades

Income-tax law: New layout, old provisions, but complexities remain

Certain amendments on trust taxation are welcome. All classes of registered non-profit institutions such as public trusts, society, university/educational institutions have been identified

Efficient tax system: A clear income-tax law will help all stakeholders

Although the government has been working on improving the experience of taxpayers, such as with the introduction of the Faceless Assessment Scheme, the new Bill aims to take the process forward

New Income Tax Bill, 2025: Top highlights

The highly anticipated Income Tax Bill, 2025, is set to be tabled in Parliament tomorrow, February 13. Meanwhile, a draft of the Bill has already been circulated among MPs.

Kerala to draw more tax from Rs 15 lakh+ EVs to charge up revenue

The lifetime road tax on EVs costing above Rs 15 lakh was raised to 8 per cent of the vehicle's price, from the current 5 per cent

After several steps to reduce direct tax disputes, govt takes another shot

Legislation to amend Income Tax Act, simplify language and procedures to reduce such disputes

Budget bets on tax cuts over capex-will it boost private investment?

An income-tax cut instead of a corporate tax cut in 2019 would have done more for the economy

Budget 2025: Exchequer takes bigger hit from tax giveaways to individuals

Fiscal expert and former director at the NIPFP Govinda Rao attributes higher revenue forgone for individuals to the concessions available under the old tax regime

Budget 2025: Which tax regime is better for deductions, exemptions

Individuals earning up to Rs 12,00,000 per annum exempted from income tax; salaried taxpayers get additional Rs 75,000 standard deduction

Presumptive tax regime likely to woo global talent into electronics

Govt proposes only 25% of total remuneration received by expats to be treated as taxable profits

STT collection estimates: Building castles in the air on shifting sands

To secure fiscal targets, sustaining STT growth remains a high-wire act in a windy market

Charting a new growth path: Budget projects non-tax streams poised to rise

Except in FY18 and FY19, receipts from disinvestment have remained well below the Budget targets

US-India Tax Forum proposes simplifying TDS, customs tariff structure

To establish GIFT City as a global financial hub, the Forum has proposed tax exemptions on dividends and financial transactions

CBDT clarifies PPT application, grants relief to FPIs with grandfathering

Tax authority says provision will be outside the purview of PPT in respective DTAAs

FoFs get their groove back: Tax tune-up resets growth tempo, shows data

FoFs pool capital to invest in a variety of mutual fund schemes rather than directly in equities, debt, or commodities

Tax shift throws a wrench in the gears of buyback offers in 2024

In 2024, 48 companies repurchased shares worth Rs 13,423 crore, compared to Rs 48,079 crore spent on share buybacks by the same number of companies in 2023

Centre releases tax devolution of Rs 1.73 trillion to state govts

A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures