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Monday, October 25, 2021

tax

TAX NEWS

Elimination of tax havens is a human rights issue

October 19, 2021 7:23 am

Upendra Baxi writes: The pursuit of human rights and justice cannot merely be matters of state and polity. It affects all citizens of the world. Even hard-nosed economic theorists and CEOs must now accept the sentiment

G7 nations near historic deal on taxing multinationals

June 05, 2021 7:45 pm

Britain's finance ministry said Saturday morning's talks between the G7 finance ministers had been "productive". Ministers are meeting face-to-face for the first time since the start of the Covid-19 pandemic.

New Delhi to examine proposal, plan suitable measures: Digital tax; India among nations likely to face retaliatory US tariff

March 28, 2021 6:20 am

“The United States is committed to working with its trading partners to resolve its concerns with digital services taxes, and to addressing broader issues of international taxation,” said USTR Ambassador Katherine Tai.

Cyber tax conundrum: Digital Service Tax could offer an interim solution

January 21, 2021 8:49 am

As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum.

Tax system needs efficiency in case selection, consistency in assessment

September 07, 2020 9:12 am

If the commitment to a fair and impartial system and a time-bound resolution of matters is to be met, the new processes, with reviews and anonymity, must ensure efficiency in case selection and consistency in assessment.

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.

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