Page 22 - Taxation

Govt taking steps to simplify taxation; curb harassment of taxpayers: FM

Based on suggestions received from various stakeholders, the government is taking steps towards simplification of taxation system, she added

The 2020 Budget speech

The finance minister will present her first full Budget on February 1. This is the speech I wish to hear

US companies bring $1 trillion home after changes in international tax law

Even so, the total remains well short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax law

Indexation benefit to advance tax: Expert answers all taxation queries

If you receive Rs 30 lakh in cash during marriage, is it taxable? Read to find out

Budget 2020: Banks, NBFCs suggest ways on taxation, improving credit growth

For the last three PSBs, the govt should run these under a public-private partnership model, said a senior banker.

HNIs curb flows to long-short AIFs as higher taxation pinches

Sebi data shows that commitments raised by category-III AIFs in September quarter were down 10% QoQ

GST Council to review revenue position, compensation cess on Dec 18

The last time GDP grew at a slower pace was in the fourth quarter of 2012-13, when it had expanded only 4.3 per cent

Even those not audited must deduct TDS if total payment exceeds Rs 50 lakh

The liability to deduct tax gets triggered when the amount paid to a resident, or even the aggregate of such amounts, exceeds Rs 50 lakh

Cabinet approves signing of pact with Chile to avoid double taxation

The agreement and protocol implement minimum standards and other recommendations of G-20 OECD Base Erosion Profit Shifting (BEPS) Project

Non-telcos have more to worry about AGR bill, may owe upto Rs 2.27 trillion

Payouts related to AGR by non-telcos to far exceed demand made on telecom operators, including those that have either shut down or sold off

Tax havens and sovereignty

There is a built-in inconsistency in addressing both

Taxing issue

Lower transaction costs alone won't increase capital market activity

From today, private vehicles will have to pay toll on Rajasthan highways

As part of their statewide agitation, BJP protested the toll tax on private vehicles on state highways

Do NRIs have to pay advance tax: Expert answers your taxation questions

Only senior citizens (resident individuals of age 60 years or more) are not required to pay advance tax.

A look at proposed changes in tax laws that could boost the stock market

The abolition of the DDT is one of the long-pending demands of market players as it leads to double taxation

Govt mulls more steps to boost market sentiment, may scrap DDT, rejig LTCG

Officials believe DDT is acting as a hindrance to the inflow of foreign investment in the country; govt has been discussing the matter with regulators

OECD proposes plan to tax Google, Netflix among other tech giants

Floats consultation paper, seeks comments by Nov 12

Kind employers may offer gifts, but onus lies on employees to pay tax on it

Gifts from an employer to employee is taxable as perquisites if their value is more than Rs 5,000.

Big smile and two thumbs up: Industry's response to govt's $20-bn bonanza

The reduction in corporate tax rates follows a series of steps to boost demand and investments after growth slowed to 5% in the quarter ended June

Direct Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go

Suggests rejig of 20% and 30% slabs of personal income tax