Page 10 - Taxes

Solar power tariffs may rise next fiscal on increased taxes, says report

The government recently increased GST on critical components of a solar project such as photovoltaic cells and modules from 5 per cent to 12 per cent with effect from the beginning of this month.

Net direct tax mop-up grows 74% at Rs 5.7 trn so far this fiscal

Refunds amounting to Rs 75,111 crore have also been issued so far this fiscal.

Higher taxes are coming and for markets, that could be a good thing

Tax rises grabbed headlines recently when Britain upped taxes on workers and employers, potentially raising 12 billion pounds a year.

Higher taxes are coming and for markets, that could be a good thing

According to some investors, it's a good thing if it helps close the wealth gaps the pandemic has exacerbated

India revenue secretary says open to 'tinkering' tax rates on automobiles

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automaker

Enabling exports

Taxes paid by exporters should be refunded swiftly

COAI says telecom among most heavily taxed sectors, seeks relief from govt

Industry body COAI has urged the government for financial reforms in the telecom sector, making a strong pitch for cuts in levies, doubling the tenure of auctioned radio wave holdings

Bill to nullify retro tax to boost investors' confidence, says Revenue Secy

The bill introduced in Parliament to withdraw all retrospective tax demands will give confidence to the investor community regarding India's stable tax regime, Revenue Secretary Tarun Bajaj said

New vs old tax regime: Compute liability before making the switch

Non-investors in tax-saving instruments may opt for the new regime

Tax reassessment past deadline is a symptom

'Over the years this government, obsessed with alliterative dazzle, has talked about transparent taxation and honouring the honest', says the author

Honest taxpayers deserve to be recognised for paying due share of taxes: FM

Finance Minister Nirmala Sitharaman on Saturday said honest taxpayers deserve to be recognised for dutifully paying their due share of taxes

ITR filing: Select donations qualify for tax benefits, say analysts

Donors need to select the appropriate mode while making donations under these two sections

Tax reduction, cost cuts buoys India Inc net by 105% in FY21: Report

This comes even though the topline declined 5 per cent

Cairn Energy arbitration case: Riders to invoking 'sovereign immunity'

Earlier this month, a French court permitted Cairn Energy to freeze several India-owned assets in Paris for executing the $1.2-billion international arbitral award in the decade-long tax dispute

Best of BS Opinion: Fuel price surge, the path to herd mortality & more

Here are the best of Business Standard's opinion pieces for Saturday

Maximise tax benefit on interest income from savings accounts: Analysts

For non-senior citizens, the maximum benefit can go up to Rs 17,000 using Section 80TTA and Section 10(15)(i)

Bengal Budget FY 22: Govt grants road tax waiver, stamp duty rebate

The government has also proposed to reduce stamp duty by two per cent for registration of deeds, while circle rate was slashed by ten per cent.

India agrees to landmark global tax framework on taxing multinationals

India has agreed to a pathbreaking international framework with 129 other countries for taxing multinationals that could impact its ability to tax them

GST has reduced rate at which people have to pay tax: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax and the GST rate at present is only 11.6 per cent

Burden of taxation impeding household consumption, says Ind Ra

Meanwhile, the agency also said that the second wave is likely to impact rural loan collections in securitised pools of loans.