Tax Rate

CBDT asks I-T to slap higher tax rate on misused income tax returns, black money shown as white

Unaccounted income so assessed in scrutiny assessment is liable to be taxed at a higher rate without any set off losses, expenses

GST Bill likely in Parliament next week; peak rate to be 40%, slabs intact for now

The GST Council, headed by Finance Minister Arun Jaitley and comprising representatives of all states, has agreed to keep the upper band of the rate in the law at 20 percent.

Demonetisation impact: Arun Jaitley hints at tax rate cuts "at some stage"

Arun Jaitley hopes tax compliance to increase giving elbow room for the government to cut rates across indirect and direct taxes

GST Council rates set at 5, 12, 18, 28%: Parliament can now take up legislations in Winter Session

Big win for the NDA government as GST Council resolves most contentious issue in the biggest tax reform

GST Council meet: Tax tobacco at 40%; proposed 26% will only incentivise the 'factory of death'

GST is an historical opportunity for the government to curb the usage of tobacco

GST Council meeting beginning tomorrow to decide on tax rate, compensation formula

At its previous meeting last month, the GST Council, which has all state finance ministers as members, had finalised area-based exemptions and how 11 states

Govt mops up blackmoney worth Rs 65,250 cr under Income Tax disclosure scheme, says Arun Jaitley

Given the tax rate and penalty of 45 percent now, this can potentially fetch the government a little under Rs 30,000 crore.

GST Bill: Will Chidambaram's pro-poor 18% rate barb put NDA in a spot?

The big question at this stage is can the Modi-government, especially finance minister Arun Jaitley, offer a convincing reply to Chidambaram’s demands to proceed in the GST consensus path

Japan PM Shinzo Abe's tax hike delay to face a no-confidence motion from opposition

In Japan opposition parties hope to submit a no-confidence motion against Prime Minister Shinzo Abe over his proposal to delay the consumption tax hike.

Warren Buffett defends proposed tax rate change

Increasing taxes on the wealthy would bring fairness to US taxpayers across the board, billionaire investor Warren Buffett said.