Budget 2022: Taxing time for common folks but big bonanza for politicians; here's how to correct this anomaly
Union Budget 2022-23: It is common for good Samaritans to educate the children of their domestic help and such altruistic spending should be encouraged with a tax break
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.
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
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.
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.
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.
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
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
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
Finance Minister Nirmala Sitharaman has steeply hiked the wealthy with a super-rich tax in Union Budget 2019
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
IL&FS fiasco: Sending ICRA executive on leave isn't enough; time regulator kicked off sweeping reforms for raters
IL&FS went bust last year thus putting the rating agencies squarely in the dock.
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
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
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.
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.
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
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%.
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.
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.