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New Income Tax Reform forms to be far more simplified, says Arun Jaitley

May 16, 2015

New Income Tax Reform forms to be far more simplified, says Arun Jaitley

The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Finance Minister Arun Jaitley said on Saturday, but kept the suspense on if the requirement of disclosing all bank accounts and foreign travels will be retained. #Business #India #Finance minister #NewsTracker #TheySaidIt #Arun Jaitley #Income Tax Reforms
Budget 2015: Industry hopes for clear GST roadmap but politics may be a stumbling block

Feb 19, 2015

Budget 2015: Industry hopes for clear GST roadmap but politics may be a stumbling block

The implementation of GST may get delayed, if the passing of the Constitution Amendment bill in the budget session hits a roadblock #GST #VAT #Tax reform #indirect taxes #Budget2015 #Finance Budget 2015
Firms may have to undergo dual audits under GST; it is not a fair system

Jan 27, 2015

Firms may have to undergo dual audits under GST; it is not a fair system

Revenue neutral rate is not the rate at which GST will be implemented; it only gives a sense of what the revenue implications could be under various scenarios, says Kavita Rao of of the National Institute of Public Finance and Policy #GST #Tax reform #Kavita Rao #National Institute of Public Finance and Policy #NIPFP #revenue neutral rate
Economic Survey: GST to be major milestone in indirect tax reform

Jul 09, 2014

Economic Survey: GST to be major milestone in indirect tax reform

According to the Economic Survey, GST will be the major milestone in the indirect reform in India that can improve the ease of doing business and promote efficiency. #Arun Jaitley #GST #Tax Reforms #Budget 2014 #Economic Survey 2014
Economic Survey: GST to be major milestone in indirect tax reform

Jul 09, 2014

Economic Survey: GST to be major milestone in indirect tax reform

According to the Economic Survey, GST will be the major milestone in the indirect reform in India that can improve the ease of doing business and promote efficiency. #Arun Jaitley #GST #Tax Reforms #Budget 2014 #Economic Survey 2014
BJP asking right questions: Abolish all taxes barring IT and GST

Jan 09, 2014

BJP asking right questions: Abolish all taxes barring IT and GST

India can provide a good government with 12 percent tax-GDP ratio. For this, we can abolish all taxes barring income tax and GST. #Tax Reforms #The Tax Axe #AAP #BJP Tax Plan
Go ahead, Mr Modi: here's the case for abolishing income tax

Jan 06, 2014

Go ahead, Mr Modi: here's the case for abolishing income tax

Income tax is worth abolishing. The gains may be more than losses once it is done well. The BJP would be wise to take the plunge and not tinker at the edges of tax reform #BJP #Narendra Modi #Income tax #Tax Reforms #Expenditure Tax
Government sets up new tax reform commission

Aug 26, 2013

Government sets up new tax reform commission

The government Monday set up a commission under the chairmanship of Parthasarathy Shome, advisor to finance minister, to suggest reforms in tax administration aimed at widening the tax base and enhancing compliance. #P. Chidambaram #NewsTracker #Parthasarathy Shome #Tax Reform Commission
New GST compromise is not what the doctor ordered

Feb 05, 2013

New GST compromise is not what the doctor ordered

The new GST deal is not the triumph of compromise over confrontation. It could become a nightmare to implement #GST #Goods & Services Tax #Tax reform
No rollback of VAT on CNG, says Sheila Dikshit

Jun 03, 2012

No rollback of VAT on CNG, says Sheila Dikshit

Delhi Chief Minister Sheila Dikshit has made it clear that there will be no rollback of five percent VAT on the CNG, which fuels public transport on Delhi roads. #Congress #Sheila Dikshit #NewsTracker #Auto rickshaw #Value added tax #Tax reform