Page 15 - Taxation

Union Budget 2022: Refile ITR within two years to fix errors

The Income-Tax (I-T) Department will introduce a new updated return, which is expected to help those taxpayers who have committed mistakes in filing their returns

Budget: Concessional rate dumped, foreign dividends now under tax ambit

The provisions of this section shall not apply from assessment year 2023-24 onwards, according to the Finance Bill

Budget 2022-23: FPIs bat for equal taxation on dividends and buybacks

Experts say current situation can lead to double taxation

BS Number Wise: A case for taxing India's rich on stock market profits

As economic inequality in the country widens, crorepatis pay very little on long-term capital gains

Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept

Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said

Subsidies, tax rebates critical for faster adoption of EVs: Ather Energy

Hero MotoCorp-backed electric two-wheeler maker Ather Energy on Monday said subsidies and tax rebates under the FAME II policy are extremely important to push for faster adoption of electric vehicles.

Tax benefits to increase disposable income likely in Union Budget

The government may consider incremental tax benefits to increase net disposable income of the citizens in order to boost demand when it tables the Union Budget FY23 in the Parliament on February 1.

FPIs look to Budget for clarity on REIT, InvIT taxation rate

Uncertainty arises from tweak in SCRA; entities take conservative view, pay higher tax of 20% on interest income

Torture under 'transparent taxation'

Everyone had believed that faceless assessments would end corruption

Tax hike on components to make mobile PLI uncompetitive for exports: ICEA

ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive.

Fintech firms demand further liberalisation of tax regime in Budget

The fintech industry has urged Finance Minister Nirmala Sitharaman to further liberalise the tax regime for financial sector startups in the forthcoming Budget

What does a GST probe against exchanges mean for crypto taxation?

The Directorate General of GST Intelligence recently launched a probe over alleged GST evasion against crypto exchanges. Will this nudge the govt to put a regulatory framework for cryptocurrencies?

In a sticky situation: Sebi's Special Situations Fund may run into tax wall

The tax rate for business income is 42.7 per cent after surcharge and cess

Can the Modi government shed its Nehruvian approach to taxation?

The Budget must focus on the income effect by taking steps to put more money in the pockets of those who are still earning.

Need to harmonise rules on taxation and recovery for NBFC too: FIDC

Urges govt to exempt TDS on interest payment made to NBFCs, as in the case of banks and life insurers

After papad, cheese balls another food item to trigger GST dispute

The petitioner, Savencia Fromage & Dairy Pvt Ltd, argued for its inclusion under cheese which attracts a 12 per cent rate of GST

Best of BS Opinion: Taxing investments, rookie investor's mistake, and more

Here is the best of Business Standard's opinion pieces for Tuesday

Global tax deal leaves billion-dollar loopholes, analysis finds

The October deal established a global minimum corporate tax rate of 15% aimed at curtailing profit-shifting to lower-tax jurisdictions such as Ireland

Need tax parity for Indian, foreign investors in listings abroad: Experts

Domestic investors selling shares of an Indian company listed overseas are taxed at 20 per cent.

Centre mulls tweaking law in Budget to tax cryptocurrency gains

People are already paying capital gains on income from cryptocurrencies, and the GST law provides for taxing such transactions as 'services', Revenue Secretary Tarun Bajaj told PTI