Page 19 - Taxation

An open letter to Biden on international corporate taxation

The negotiating process has, nonetheless, reached agreement that multinationals should be considered unitary businesses

Don't cut fuel taxes

Roll-back will increase fiscal risks

Key states turn down FM Nirmala Sitharaman's proposal to cut fuel tax

Cite constraints on revenue, already hit by Covid lockdowns; 'ball in Centre's court'

Trump's tax returns, long guarded, will soon be in prosecutor's hands

Trump's refusal to release his taxes during the 2016 campaign marked a break with every presidential candidate of the last four decades

Restoration of sound taxation principles should be govt's next big reform

It's foolish not to tax things the demand for which is inelastic. This was the reason why salt used to be taxed till Gandhiji opposed it and the salt tax was abolished after independence

Experts unsure if new AAR for direct taxes will resolve disputes faster

Experts also believe that at least pendency of cases would come down, though only time will tell about quality of orders

Budget a booster shot for India, has ambition, resolution and innovation

It was one of the toughest times in history to announce a budget, writes Harsh Goenka.

A driver of economic revival

The finance minister must be appreciated for resisting the temptation to increase taxes

Budget: Relief from double taxation for NRIs' earnings in pension account

So, if a person moves to India and becomes a resident Indian for tax purposes, they get taxed on any income they earn in these accounts

Personal I-T revenue now equals all other direct taxes: That's a problem

Until the 1950s taxes on output contributed more to government revenue than those on incomes of people and businesses. But since then the balance has gradually been reversed

NDMC rolls out property tax amnesty schemes, says North Delhi Mayor

North Delhi Mayor Jai Prakash on Thursday said the NDMC has introduced two property tax amnesty schemes for people including one for those living in 544 unauthorised colonies that were regularised

Banking on Budget: The five areas of focus for FM Nirmala Sitharaman

Given the series of policy announcements made by Finance Minister Nirmala Sitharaman in the last 9 months it is reasonable not to expect more this time

Twin blows in three months

Govt must move on, accept retro tax arbitration awards

Post-Covid world order holds limitless opportunity for India: Chandrasekaran

But for the country to be ready to participate, there is a need to establish regulatory standards on data and taxation in general, Tata Sons Chairman N Chandrasekaran said

A three-pronged strategy

Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues

Avoid taxing hardship compensation twice

This pertains to the taxation of hardship compensation paid by developers to homeowners in connection with the redevelopment of old residential properties

Receiving pricey diwali gifts from your non-relatives will attract taxes

Section 2 (24) of the Income-Tax (I-T) Act deals with gifts received that will be treated as a person's income, while Section 56 (2) deals with both the taxation and exemptions on them

I-T department keeps tolerance range for transfer pricing unchanged

This implies that there will be no taxation relief for businesses dealing in related-party transactions

Next budget should bring down personal tax rate to 25%: New PHDCCI chief

In a Q&A, Sanjay Aggarwal calls for focus on infra, flow of investments, creating a conducive environment for companies looking to shift businesses from other countries to India

Necessary, not sufficient: Labour reforms a good start; will we see more jobs now?

If the law changes work, everyone can celebrate. If not, it will be for want of reforms in several other areas like land, transport, electricity, and tax laws, writes T N Ninan