Page 11 - Taxes

High level of taxation widens divergence in diesel inflation in WPI, CPI

Diesel retail prices are back to more than Rs 80 a litre in the national capital throughout this month and remain on an upward trajectory

Joe Biden sells economic plan in Georgia, calls for rich to pay more

Joe Biden took his pitch to Georgia for USD 4 trillion in spending to rebuild the nation's aged infrastructure and vastly expand the federal social safety net.

Biden to announce $1.8-trn plan to expand US social safety net: What is it

The 10-year plan is aimed at ramping up federal support for American families, with a major expansion in spending on child care, paid leave and education.

Government allows further operational flexibility to GST filers

The government has allowed further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of Taxes scheme

Changes in tax norms on slump sale deals may lead to litigation for firms

Changes will impact several M&A transactions, including internal restructuring by companies which were signed since April 2020.

Tolerating an act for a consideration is a taxable service: Expert

Our account with the Customs was flagged as "risky exporter" and our claim for refund of IGST paid on export goods was blocked

Companies grapple with transfer pricing woes as tax deadline draws near

Previous approaches fall short amid Covid-19 volatility in numbers

Budget is a bold gambit with focus on growth without any increase in taxes

With the economy likely to grow at a nominal growth of between 15-16 per cent, the tax revenue increase of 16.7 per cent appears fairly achievable

Budget for the victims: Some silent crises for Ms Sitharaman to address

A consumption boost through continued pay-outs for another year to those at the bottom of the pyramid, and still more money for the employee guarantee scheme should be in order, writes T N Ninan

Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr

The yield declined 30 per cent after the first instalment deadline ended on Tuesday, compared to the same period last year, revealed preliminary collection figures

FinMin sanctions Rs 92,077 cr to states as devolution of central taxes

The Budget had projected the share of the states in taxes at Rs 7.84 trilllion for 2020-21.

Statsguru: Temporary act in the 15th Finance Commission's report

States such as Bihar, Maharashtra, and erstwhile state of Jammu & Kashmir stand to gain, compared with the current year's share, while Karnataka, Telangana, and Kerala stand to lose

Ease of doing business: How India moved up the ranks and the road ahead

Economic survey 2019-20: The new blueprint

Simplifying tax on capital

A clear timeline needed for transition to a transparent regime

Redefining law on exemptions

The Customs department so made the software in its Electronic Data Intercharge system that when exemption from BCD was claimed by presenting such scrip, the system automatically allowed it by a debit

US needs to raise taxes to fight poverty: Nobel Laureate Abhijit Banerjee

"If you actually want to deal with poverty, happiness and anger in the US, the government will need to have more resources," Banerjee said in an interview in Stockholm on Saturday

I-T dept 'elephant' running amok to meet revenue shortfall: Rahul Gandhi

Congress leader Rahul Gandhi on Monday hit out at the Modi government, alleging that the Income Tax Department is "running amok"in a bid to meet India's revenue shortfall. "The FM (Nirmala Sitharaman) said in her budget speech that an elephant should take just 2 pounds of rice & not trample the entire paddy field," Gandhi said in a tweet. "Meanwhile, the IT dept elephant is running amok in a bid to meet India's revenue shortfall," he said. Gandhi also shared media reports alleging that "tax terrorism" was hurting India's growth.

France moves to tax digital giants, urges G7 to find international solution

France's new law aims to plug a taxation gap that has seen some internet heavyweights paying next to nothing in countries where they make huge profits as their legal base is in smaller EU states

Letter to BS: Union Budget 2019 did not offer too many tax sops

Raising the threshold limit from Rs 2.5 lakh to Rs 5 lakh paved way for many lower income salary earners

Will the new legacy dispute resolution scheme deliver? Experts explain

Experts say the VCES scheme announced in 2013 covered only unpaid service tax dues