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Monday, July 13, 2020

tax

TAX NEWS

Gross tax collection falls 31 per cent so far in June quarter

June 16, 2020 3:24 pm

During the first two months of the June quarter, a nationwide lockdown was in place aimed at controlling the spread of the coronavirus pandemic. This had resulted in shuttering of around 80 per cent of the country's economic activities.

Govts imposing taxes in times of distress 'cruel': Chidambaram

May 06, 2020 2:18 pm

New or higher taxes are justified only when the economy is booming, the former finance minister said, dubbing the imposition of taxes as "cruel".

Tax department asks officers working from home to chase large taxpayers for dues

March 30, 2020 5:26 pm

Rakesh Gupta, Commissioner of Income Tax (Coordination & Systems), Central Board of Direct Tax (CBDT), last week asked field formations to submit a daily report on follow-ups on pending tax collections from large taxpayers.

All eyes on Nirmala Sitharaman's second Budget for tax relief

January 01, 2020 3:22 pm

Battling a six-year low economic growth and a 45-year high unemployment rate, the government slashed corporate tax rates by almost 10 per cent to 25.17 per cent to bring them at par with Asian rivals such as China and South Korea.

Government says no proposal to reduce taxes on petrol, diesel

December 02, 2019 1:19 pm

The central government imposes various central excise and custom duties on petrol and diesel. Besides, state governments levy taxes on them.

‘Faceless’ tax filing: E-assessment scheme notified

September 14, 2019 2:14 am

The new e-assessment regime will be voluntary and taxpayers can take a call on whether to conduct their dealings over the e-system or through the existing procedure of manual submission of documents by visiting the tax office.

Tax on food: All you need to know

July 31, 2019 11:59 am

Here's a list of all items which are tax-free and which invite a specific percentage of tax.

Toys, phones and sneakers: The Chinese goods Trump wants to tax next

May 14, 2019 7:33 am

The list reads like a shopping list for Target or Walmart, including toys, shoes, coffee makers and watches. Smartphones, photocopiers and video game consoles will face a tax.

NPS benefits: Know all about National Pension Scheme tax benefits

April 22, 2019 6:45 pm

NPS (National Pension Scheme) Tax Benefits: Any individual, who avails the NPS, can claim a deduction in tax up to 10 percent of his/her gross income.

Growth in direct tax collections in last 4 years: Haryana registers 102% rise, UP’s mop-up declines 13.4%

October 23, 2018 3:15 am

Maharashtra, accounting for nearly 40 per cent of the total tax collections, has seen its direct tax collections grow by 38.4 per cent during the period.

TAX VIDEOS

Budget 2019 could give tax breaks for home buyers, rented properties

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains what can be expected in the upcoming Vote on Account to make it a populist one.

Budget 2019 could raise basic tax exemption limit to Rs 3 lakh

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.

Opinion | Is GST Good For India?

June 22, 2020 7:02 pm