Page 15 - Taxation
File a rectification request in case you have received a low refund
While recalculating your tax liability, ensure you include income from all sources
 "File a rectification request in case you have received a low refund")
Govt wants private companies to set up new manufacturing units fast
The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024
 "Govt wants private companies to set up new manufacturing units fast")
Direct tax collections expected to breach Rs 12.5-trn target: CBDT chairman
Direct tax collections are expected to breach the revised target of Rs 12.50 lakh crore and set an all-time high and "historic" record by the end of this financial year in March
 "Direct tax collections expected to breach Rs 12.5-trn target: CBDT chairman")
TMS, Ep 100: Cryptocurrency tax, defence industry, markets, and green bonds
How will new tax rules impact crypto investors? How will the domestic defence industry get a fillip? Why are bond yields rising after Budget 2022? Get answers to these questions in today's episode
 "TMS, Ep 100: Cryptocurrency tax, defence industry, markets, and green bonds")
Crytocurrency tax: How will the Budget 2022 rules impact crypto investors?
A highlight of Budget 2022 was the proposal to levy 30% tax on gains from transfer of digital assets and 1% TDS on payments towards virtual currencies. What will be the impact on crypto investors?
 "Crytocurrency tax: How will the Budget 2022 rules impact crypto investors?")
Union Budget 2022: No tax break but important aspects addressed
NPS is the only scheme without any rupee value limit (the limit is a percentage of salary and not a specific rupee value) on the deduction
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: Concessional rate dumped, foreign dividends now under tax ambit")
Budget 2022-23: FPIs bat for equal taxation on dividends and buybacks
Experts say current situation can lead to double taxation
 "Budget 2022-23: FPIs bat for equal taxation on dividends and buybacks")
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
 "BS Number Wise: A case for taxing India's rich on stock market profits")
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
 "Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept")
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.
 "Subsidies, tax rebates critical for faster adoption of EVs: Ather Energy")
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
 "FPIs look to Budget for clarity on REIT, InvIT taxation rate")
Torture under 'transparent taxation'
Everyone had believed that faceless assessments would end corruption
 "Torture under 'transparent taxation'")
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.
 "Tax hike on components to make mobile PLI uncompetitive for exports: ICEA")
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
 "Fintech firms demand further liberalisation of tax regime in 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?
 "What does a GST probe against exchanges mean for crypto taxation?")
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
 "In a sticky situation: Sebi's Special Situations Fund may run into tax wall")
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.