Tax
-
Faceless e-assessment scheme for taxpayers launched
Business | Oct 07, 2019, 06:37 PM ISTThe revenue department said the scheme will bring in a "paradigm shift" in taxation by eliminating human interface in the income tax assessment system.
-
Sitharaman to inaugurate national tax e-assessment centre on Monday
Business | Oct 06, 2019, 04:55 PM ISTFinance Minister Nirmala Sitharaman will on Monday inaugurate the income tax department's national e-assessment centre (NeAC), which will avoid face-to-face interaction between taxpayers and tax officials.
-
Cars and bikes likely to go cheaper ahead of Diwali following tax rate
Auto | Sep 21, 2019, 10:50 AM ISTThe festival season is all set to bring good news for those planning to buy cars or bikes. Details inside.
-
Corporate tax cut 'surgical strike' on negative sentiments in economy
Business | Sep 20, 2019, 04:51 PM ISTThe 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.
-
Historic: PM Narendra Modi hails corporate tax cut
India | Sep 20, 2019, 02:45 PM ISTThe 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.
-
Reduction in corporation tax rate welcome: Jairam Ramesh
Business | Sep 20, 2019, 01:13 PM 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.
-
Maruti seeks tax relief for hybrid, CNG cars
Business | Aug 18, 2019, 11:39 AM ISTMaruti 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?
Business | Aug 08, 2019, 07:10 PM ISTIf 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.
-
Government working on administrative mechanism to resolve startups' legacy tax issues: CBDT chief
India | Jul 09, 2019, 06:07 PM ISTStartups 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.
-
Budget 2019-20: Publishers, book lovers unhappy with tax on imported titles
Budget | Jul 06, 2019, 12:11 PM ISTBudget 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.
-
DGGI detects GST evasion of Rs 300 crore in Nagpur zone
Business | Jun 27, 2019, 10:15 PM ISTThe Directorate General of GST intelligence, which became functional in December 2018 has booked around 50 cases and detected GST evasion of about Rs 300 crore resulting in the recovery of approximately Rs 250 crore in six months.
-
Aligarh Kachori seller with annual turnover of Rs 60 lakh gets notice for tax evasion
India | Jun 25, 2019, 02:28 PM ISTThe shop, known as ‘Mukesh Kachori', is located near Seema cinema hall and is a favourite among the locals. Mukesh, the owner of the shop begins selling ‘kachoris' and ‘samosas' in the morning and continues through the day. The line of customers never seems to end.
-
Government compulsorily retires tax officers on extortion, bribe, sexual harassment charges
India | Jun 10, 2019, 09:56 PM ISTThe Government has compulsorily retired almost a dozen senior tax officers on charges ranging from extortion, bribe and sexual harassment.
-
Finance ministry mulling 3-5% tax in Budget on cash withdrawal of 10 lakh a year
Business | Jun 10, 2019, 05:17 PM ISTWithdrawing a cumulative Rs 10 lakh a year can attract 3-5 per cent tax if a proposal going around in the Finance Ministry takes shape in the Budget to track high value cash deals and make digital payments mandatory.
-
Need a relook at tax on hybrid vehicles in India: Toyota
Business | Jun 09, 2019, 12:38 PM ISTToyota, which has been advocating technology agnostic approach towards popularisation of clean energy fuels, said under the current circumstances further investments on hybrid vehicles in India are not feasible.
-
Amitabh Bachchan pays Rs 70 crore tax for year 2018-19, confirms spokesperson
Celebrities | Apr 13, 2019, 09:07 PM ISTRecently, Amitabh Bachchan had paid off loans of around 2,084 farmers in Muzaffarpur, Bihar.
-
Amnesty scheme to settle tax arrears extended till March 31
India | Mar 09, 2019, 02:28 PM ISTThe due date for depositing the second instalment expired on January 31
-
I-T officials to meet Kannada film fraternity over tax payment
Regional Cinema | Jan 08, 2019, 06:32 AM ISTIncriminating evidence found during the searches from January 3-5 on members of Sandalwood resulted in the defaulters admitting to Rs 109 crore unaccounted income.
-
The Best Tax Saving Instrument Under Section 80C: ELSS
Jun 20, 2019, 04:44 PM ISTAn ELSS is a type of open-ended equity mutual fund which comes with a lock-in period of 3 years.
-
Tax on TV, fridge, commonly used household items came down post GST: Finance Ministry report
Business | Dec 18, 2018, 09:57 PM ISTTax on commonly used household items like TVs, refrigerators, washing machine and electrical appliances has been slashed to 18 per cent post GST rollout from over 31 per cent earlier, an analysis shows.