articles by S Murlidharan

Business

Budget 2020: Nirmala Sitharaman bowls a googly on individual taxpayers; calculations made tricky, concessions offered with a rider

Sitharaman has made life difficult for individual taxpayers by making tax calculations complicated.

Business

Budget 2020: Having showered confetti on corporates, Nirmala Sitharaman cannot disappoint salaried class

The one-size-fits-all standard deduction of Rs 40,000 from salary needs to be upped to a third of the salary or Rs 1 lakh whichever is less

Business

Govt seeks to end blind men and elephant approach plaguing Indian Railways by abolishing silos vision

There could be two views on this paradigm-changing move that puts the Indian Railways on a track away from the one it has traversed all along for the last 150 years.

Business

Demonetisation three years on: Were objectives of Narendra Modi's big economic move achieved? Jury is still out

Digital payments that surged during the heady days of demonetisation have proved to be a flash in the pan given the resurgence of cash once they became available in ample quantities.

Business

Auto sales data debate: Why Anand Mahindra's call to industry to move to retail sales volume reporting makes good sense

Anand Mahindra might not have put it in so many words but the car industry must have a consumer focus is the unstated message.

Business

Telecom firm auditors should have insisted on making provisions for AGR instead of taking ostrich-like approach

The telecom industry, which was peeved with the one-time license fee regime that ruled the roost till 1999, is not satisfied with the strict implementation of the revenue sharing regime either

Business

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves

The US SEC is taking up cudgels for American investors. It is in the fitness of things that SEBI should bat for the Indian investors in Infosys

Business

Is liberalised remittances scheme becoming too liberal warranting a closer look? It is time govt set new limits

The rapidly increasing outbound remittances peaked to $1.69 billion in July (for a single month) 2019

Business

Super-rich tax lacks teeth: Special treatment for dividend, capital gains take away its sting

Finance Minister Nirmala Sitharaman has steeply hiked the wealthy with a super-rich tax in Union Budget 2019

Business

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all

Loss-making concerns would feel the heat of this new measure because TDS would lock up their funds

Business

EPFO has enough surplus to hike interest rate to 8.65% for FY19; hope the Finance Ministry does not put roadblocks

The EPFO had provided a five-year low rate of interest of 8.55 percent to its subscribers for 2017-18

Business

ITR2 filing too complex and replete with avoidable details; Income Tax Department can use information from employers instead

ITR2’s information appetite is gargantuan and voracious. One can imagine the plight of the filers uninitiated in the nuances of the income tax law

Business

GST evasion: 10% of profiteered amount as penalty is draconian when the concept of profiteering itself is nebulous

The Narendra Modi government’s obsession with foiling profiteering under the Goods and Services Tax (GST) law is going on unabated.

Business

Union Budget 2019: Minimum Alternate Tax should be abolished; it will send out right signals about reviving economy, solve unemployment issues

The rationale for MAT was if a company could pay the dividend to its shareholders, it might as well pay income tax to the government.

Business

Budget 2019: Six ways new Finance Minister Nirmala Sitharaman can overhaul India's tricky direct tax system

With central excise and local sales tax accounting for roughly 50 percent of the petrol bunk prices, its migration to the GST regime brooks no delay

Business

ESI contribution rate cut a step in right direction, but quality of services at hospitals leaves a lot to be desired

With this reduction, the employers’ contribution to the ESI Act has been reduced to 3.25% from 4.75% and the employees’ contribution has been reduced to 0.75 percent from 1.75%.

Business

DHFL promoters come smelling of roses vis-a-vis Jet Airways' by cleaning up the mess themselves

Despite being one up dubiously in the matter of outstanding over IL&FS whose dues are estimated to be Rs 91,000 crore, DHFL has agreed to set its house in order.

Business

Is I-T Department planning to tax interest earned on income tax refund as part of reforms?

Interest on income tax refund arises principally because of the excess of advance tax and tax deducted at source (TDS) over the actual tax liability.

Business

RBI removes charges on RTGS, NEFT transactions: Central bank's decision will give a much-needed boost to digital transactions

The Narendra Modi government’s Digital India drive has definitely got a boost with this RBI initiative.