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  • Cars and bikes likely to go cheaper ahead of Diwali

    Cars and bikes likely to go cheaper ahead of Diwali following tax rate

    September 21, 2019 10:50 IST

    The festival season is all set to bring good news for those planning to buy cars or bikes. Details inside.   

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    Tax sops to boost stock market for Modi's US trip: Rahul Gandhi

    India | September 20, 2019 17:09 IST

    Taking a pot shot at the Rs 1,45,000 crore revenue that the government will have to forego due to the reduction in corporate tax rate and other relief, Rahul Gandhi said that the Prime Minister's trip is proving to be the world's most expensive event ever.

  • Corp tax cut "surgical strike" on negative sentiments in

    Corporate tax cut 'surgical strike' on negative sentiments in economy

    Business | September 20, 2019 16:51 IST

    The reactions came as the government on Friday slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a lower rate to 17.01 per cent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs.

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    Historic: PM Narendra Modi hails corporate tax cut

    India | September 20, 2019 14:45 IST

    The announcements in the last few weeks clearly demonstrate that the government is leaving no stone unturned to make India a better place to do business, improve opportunities for all sections of society and increase prosperity to make India a USD 5 trillion economy, he said on Twitter "The step to cut corporate tax is historic.

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    Reduction in corporation tax rate welcome: Jairam Ramesh

    Business | September 20, 2019 13:13 IST

    "A headline-itis afflicted, panic-stricken Modi Sarkar has cut corporate tax rates less than 3 months after a Budget and 4 months before the next one. This is welcome but it is doubtful whether investment will revive. This does nothing to dispel fear that pervades in India Inc'," he said on Twitter.  

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    Sensex soars 2000 points as markets cheer Sitharaman's economy booster

    Business | September 20, 2019 14:40 IST

    The govt on Friday slashed corporate tax rates for companies by almost 10 per cent to 25.17 per cent to bring them at par with Asian rivals, as it looked to boost demand and investments.

  • Need to simplify tax system, lower corporate tax: CBDT

    Need to simplify tax system, lower corporate tax: CBDT Member

    Business | September 19, 2019 21:39 IST

    Giving a brief idea for the first time about the new Direct Tax Code (DTC), the Central Board of Direct Taxes (CBDT) member and also Convenor of the Task Force Akhilesh Ranjan on Thursday said the draft law focuses on improving litigation system and easing compliance among others.

  • Tax collection misses target by a wide margin; inches up

    Tax collection misses target by wide margin; inches up 4.7% in Apr-Sep

    Business | September 18, 2019 21:43 IST

    ​As against a steep 17.5 percent higher tax collection budgeted for the full year, the government could mop-up only 4.7 percent more so far this year, with the direct tax kitty growing to Rs 5.50 lakh crore as of September 17, up from Rs 5.25 lakh crore a year-ago.  

  • Google to pay 1 bn euro fine to end French tax fraud probe

    Google to pay 1 bn euro fine to end French tax fraud probe

    Business | September 13, 2019 9:52 IST

    "We have put an end to the tax and related disputes we had had in France for many years," Google said in a statement, Efe news reported on Thursday.

  • 22 tax officials retires on graft charges

    22 tax officials retires on graft charges

    India | August 26, 2019 17:07 IST

    The Central Board of Indirect Taxes and Customs (CBIC) - the agency that overseas GST and import tax collections - compulsorily retired 22 superintendent rank officers under Fundamental Rule 56(J) on corruption and other charges, official sources said.

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    Maruti seeks tax relief for hybrid, CNG cars

    Business | August 18, 2019 11:39 IST

    Maruti Suzuki India (MSI) is pitching for tax relief for hybrid and CNG cars in addition to electric vehicles in order to promote green mobility in the country.  

  • NSC Vs ELSS-Which Is The Better Tax Saving Investment? 

    NSC Vs ELSS-Which Is The Better Tax Saving Investment?

    Business | August 08, 2019 19:10 IST

    If we talk about low risk and better returns, NSC is a better option to invest and save tax. Whereas, ELSS are those in which money can be invested through mutual funds in equity markets. One can invest in other options as well like fixed deposits, Public Provident Fund, National savings certificate, ELSS and many in the market, through which one can avail tax benefits depending on risk and returns.

  • Goa taxis on strike

    Goa taxis on strike, demand shutdown of app-based service

    India | August 02, 2019 13:14 IST

    Even as the government pressed additional state transport corporation buses to facilitate pick up of tourists at the Dabolim International Airport, railway and bus stations, Chief Minister Pramod Sawant urged taxi operators to withdraw the strike.

  • Chuck avoidance and evasion: Nirmala Sitharaman plans to

    Chuck avoidance and evasion: Nirmala Sitharaman plans to deal firmly with tax evaders

    Business | July 24, 2019 20:49 IST

    While she stressed that taxpayers should treat tax payment as a contribution towards nation-building and not as a punishment, the minister asked three investigating wings of the revenue department to share information among themselves to nab evaders.

  • ITR Filing: Essential documents required for filing income

    ITR Filing: Essential documents required for filing income tax return

    July 23, 2019 14:53 IST

    ITR Filing: The last day for filing Income Tax Return (ITR) for the assessment year 2019-20 (the financial year 2018-19) is July 31. Taxpayers should know that they can file ITR through online mode as well. As per the notification of the Income Tax Department, certain sections of ITR forms will be pre-filled this year. The pre-filled ITR-1, ITR-2, ITR-3 and ITR-4 forms have already been provided by the I-T department and you can download those in XML file format.

  • LIC Policy: Attractive tax benefits you can get on your

    LIC Policy: Attractive tax benefits you can get on your insurance premiums; check details

    July 23, 2019 15:23 IST

    Life Insurance Corporation of India (LIC) is the State-owned largest insurance policy provider - for life insurance, health insurance, pension plans or several other insurance and pension schemes. There are several tax benefits LIC policyholders can get on their LIC policies.

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    Income Tax Return: Step-by-step guide to file ITR online before last date

    July 16, 2019 14:36 IST

    ITR Filing: To file an income tax return (ITR) for the assessment year 2019-20 for FY 2018-19, July 31 is the last date. Individuals can file ITR online through income tax's e-filing ITR website. Here is a step-by-step guide on how to file ITR online – Part A and Part B.

  • Government working on administrative mechanism to resolve

    Government working on administrative mechanism to resolve startups' legacy tax issues: CBDT chief

    India | July 09, 2019 18:07 IST

    Startups should not have any concern related to taxation and the government is putting in place an administrative mechanism to resolve the legacy issues, CBDT chief P C Mody said on Tuesday.

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    Tax evasion will soon be impossible; govt prepares several measures

    Business | July 08, 2019 8:17 IST

    According to the Union Budget for 2019-20, filing of returns has been made compulsory for those who deposit more than Rs 1 crore in a current account in a year, spend more than Rs 2 lakh on foreign travel or have an annual electricity bill of more than Rs 1 lakh. The official data reveals 6.86 crore income tax returns (ITRs) were filed in 2017-18 registering a growth of 23 per cent over the previous year.

  • Budget 2019-20: Publishers, book lovers unhappy with tax on

    Budget 2019-20: Publishers, book lovers unhappy with tax on imported titles

    Budget | July 06, 2019 12:11 IST

    Budget 2019-20: Union Finance Minister Nirmala Sitharaman's proposal to slap a 5 per cent customs duty on imported books in order to encourage the domestic publishing industry has not gone down well with book lovers, while publishers feel the government could help the publishing industry with some more concrete measures, like reducing the cost of paper.

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