Taxes 2017

Showing of 1 - 20 from 44 results
Taxes 2017 - Total results - 44
Rs 7,76,916 cr tax hole in govt’s books: Who is at fault — taxman or  taxpayer?
Business

Rs 7,76,916 cr tax hole in govt’s books: Who is at fault — taxman or taxpayer?

The widening gap in the unrealised tax revenue numbers should be a wake-up call for the government to urgently bring about mechanisms to engage with the taxpayer, resolve the disputes and encourage them pay their dues to the state

Budget 2017: Startups hail corporate tax cuts but say MAT still a concern
Business

Budget 2017: Startups hail corporate tax cuts but say MAT still a concern

Startup community has unanimously welcomed lower corporate tax for enterprises with a turnover of upto Rs 50 crore

Budget 2017: Taxing farm income remains a political hot potato, middle class bears the brunt
Business

Budget 2017: Taxing farm income remains a political hot potato, middle class bears the brunt

As for the middle class, the bulwark of India’s economic growth, there is little to cheer in the tax proposals which Jaitley outlined his Budget proposals for 2017-18

Union Budget 2017: Govt seeks to end tax benefits under Rajiv Gandhi Equity Savings Scheme
Business

Union Budget 2017: Govt seeks to end tax benefits under Rajiv Gandhi Equity Savings Scheme

Government on Wednesday proposed to phase out tax benefits up to Rs 25,000 on stock market investment under Rajiv Gandhi Equity Savings Scheme (RGESS), which was introduced with much fanfare by the previous UPA regime.

Union Budget 2017: Only 76 lakh Indians declared income over Rs 5 lakh
Business

Union Budget 2017: Only 76 lakh Indians declared income over Rs 5 lakh

Finance Minister Arun Jaitley on Wednesday placed before Parliament some revealing data indicating that India's direct tax collection is not commensurate with the income and consumption pattern of the economy.

For ease of doing business in India, MNCs need simple rules, not high-pitched Safe harbour rules
Business

For ease of doing business in India, MNCs need simple rules, not high-pitched Safe harbour rules

A balancing act is clearly the need of the hour to ensure multinational enterprises do not face trade barriers where no one wins if businesses lose

Budget 2017-18 may look to soften note ban woes by tax relief
Business

Budget 2017-18 may look to soften note ban woes by tax relief

Tax experts and economists said Jaitley may hike the service tax (currently at 15 per cent) to align with the GST regime.

Arun Jaitley may raise service tax to 16-18%; brace for higher phone, hotel bills
Business

Arun Jaitley may raise service tax to 16-18%; brace for higher phone, hotel bills

While service tax until now is a central levy, it will be equally split between the Centre and states under the new GST regime.

From growth trend to black money menace: 10 parameters to assess Arun Jaitley's 2017 budget
Business

From growth trend to black money menace: 10 parameters to assess Arun Jaitley's 2017 budget

The government no more enjoys the luxury of being able to initiate harsh reform measures as it is hardly a couple of years away from the 2019 polls.

Tax payer hopes from Budget 2017 soar; with ball in Arun Jaitley's court, will he score a goal or self-goal?
Business

Tax payer hopes from Budget 2017 soar; with ball in Arun Jaitley's court, will he score a goal or self-goal?

The government should consider providing benefits to tax payers directly in many ways ; this will be an incentive for people to show their real income and will help widen tax base

Investors brace for transaction tax hike, less friendly Budget
Business

Investors brace for transaction tax hike, less friendly Budget

Among expected measures are a hike in a transaction tax on stock derivatives trading and a less beneficial approach to long-term capital gains tax exemptions, according to analysts.

Budget 2017: FM may cut taxes, lack of indirect-tax data may make it tough
Business

Budget 2017: FM may cut taxes, lack of indirect-tax data may make it tough

Jaitley may in his February 1 Budget propose some changes in indirect tax rates on some products and services till such time that the GST takes over

Chanakya's way: 3 soft tricks Arun Jaitley may play to tax capital gains
Business

Chanakya's way: 3 soft tricks Arun Jaitley may play to tax capital gains

India's overall taxpayer base in a nation of 125 crore (1.25 billion) people is only 48 million, or 4.8 crore -- or 3.8 percent of the population.

Financial planners' Budget wishlist: Raise I-T exemption, medical reimbersement
Business

Financial planners' Budget wishlist: Raise I-T exemption, medical reimbersement

The slaried is paying higher fees and cross-subsidising Right To Education; the government should allow full waiver of tuition fees without any cap

Budget 2017 cannot be business as usual; demonetisation has queered the pitch for Jaitley
Business

Budget 2017 cannot be business as usual; demonetisation has queered the pitch for Jaitley

Finance Minister Arun Jaitley will do well to recognise some of the possible negative effects of demonetisation and take steps to minimise their impacts

As GST nears, Budget should clear these 5 areas of ambiguity, ring in ease of doing business
Business

As GST nears, Budget should clear these 5 areas of ambiguity, ring in ease of doing business

The Budget should be aimed at alignment and integration for smoothening the passage of the big-ticket reform that GST is; this will make the transition hurdle free

Union Budget 2017: One taxpayer owes 11% of income tax to be paid by all Indians, reveals data
Business

Union Budget 2017: One taxpayer owes 11% of income tax to be paid by all Indians, reveals data

An unnamed taxpayer owed the government Rs 21,870 crore for the assessment year 2014-15, which was 11% of income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax department.

As Budget nears, hopes of the salaried run high; will the government deliver?
Business

As Budget nears, hopes of the salaried run high; will the government deliver?

If the government raises the basic exemption limit and also eases the slabs at which tax is collected, it will need to announce measures to widen the tax base significantly

Budget could make PAN compulsory for cash deals as low as Rs 30,000
Business

Budget could make PAN compulsory for cash deals as low as Rs 30,000

Currently, any cash transaction of Rs 50,000 and above require a person to quote his PAN card number