Page 21 - Taxation

An emperor in Delhi

The emperor's appetite for enlarging his realm translated into a fetish for raising taxes, despite the simplicity of his personal lifestyle

Redeemed your MF investment? Here's what you pay to the taxman

A redemption of mutual fund investments gives rise to capital gain or loss, which are taxed as capital gains. A loss, however, can be set-off against other taxable gains from other asset classes

Centre seeks India Inc's view on economic revival amid Covid-19 outbreak

Key demands and suggestions include improving liquidity, cutting customs duties and goods and services tax (GST) rates, expediting all refunds and a halt on tax scrutiny

Rs 5,575-cr indirect tax refunds processed since March 30, says CBIC

Earlier, the tax body had initiated a measure to help GST return filers by facilitating early refund of input tax credit

FPIs stare at higher withholding tax on dividends owing to tax treaty

While FPIs are also classified as non-residents, the withholding tax rates for these are provided under a separate section 196D of the Income Tax Act

Focus on tour operators to manage tax at source on overseas travel

Travellers whose incomes are below the taxable limit will have to file a return to claim the refund on this tax

Why high cigarette taxes hurt the economy

Loss of jobs due to increase in smuggling and counterfeiting is not on the radar of policy makers

Banks, depositors, taxpayers

Depositors are a subset of taxpayers. A depositor also pays tax. So what he gains as a depositor he may well be losing as a taxpayer

Planning to buy FAANG stocks? Cube Wealth, Vested make your job easier

Since the US and India have DTAA, you will pay tax only once. Dividend income, however, is taxed at 25% in the former

Budget disappointing; but fiscal, taxation measures welcome: EAC member

India's GDP growth is expected to slip to a decadal low of 5 per cent this fiscal, pressured by domestic factors like drop in consumption, as well as global issues

A remittance tax

Compliance burden should not be increased

Unbelievable but true that only 2,200 had declared earnings of Rs 1 cr: PM

Previous governments hesitated to touch Indis's taxation system, the current dispensation was making it more citizen centric, PM Modi said.

FM Nirmala Sitharaman's Budget goal: Lower rates, simple structure

The FM disagreed with experts who termed the new tax regime complex and unavailing saying it would benefit some taxpayers, if not all

Budget 2020: The focus is on simplifying GST and preventing evasion

The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration

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

Budget 2020: Abolition of DDT may broaden capital market investor base

However, on Saturday, the stock markets did not react positively, contrary to the government's expectation

Budget 2020: Startups, investors unimpressed with ESOP tax relaxation

ESOPs are a key instrument to attract and retain talent in startups.

Calibrating the policy mix

The right fiscal-monetary-external balance must be achieved to nurture and harness a nascent recovery

Who gains and who loses if FM changes tax norms in the coming Budget

Based on market intelligence, we outline three scenarios that may pan out in the Budget proposals this year, and assess their impact on your pocket

GST arrest provisions: Need for an urgent review

What GST urgently deserves is a re-orientation, for which a leaf out of the 'nudge theory' in behavioural economics may definitely help