Recent Highlights
All Stories for Taxpayer
Budget 2020: After corporate tax reduction, it is time Nirmala Sitharaman gives some relief to individual taxpayers
Sundeep Agarwal • 5 years agoThe reduction in individual tax will leave the taxpayers with more room to spend and consequently will improve demand, consumption and investment, which is the need of the hour to boost India’s economic growth.
Various tax exemptions for salaried class has outlived utility; time for Nirmala Sitharaman to enhance them
Parizad Sirwalla • 5 years agoCurrently, the maximum tax rate of 30 percent is triggered at an income exceeding Rs 10 lakh per annum
Parliament panel asks govt to prevent misuse of input tax credit under GST as revenue collection slows in recent months
• 5 years agoGST revenue collection crossed the Rs 1 lakh crore mark after a gap of three months in November, with the revenue growing by 6 percent to Rs 1.03 lakh crore in the month.
Budget 2019 offers no big tax relief to middle-class taxpayer though Narendra Modi sets $5-tn economy vision
Archit Gupta • 6 years agoAs far as the employment generation initiatives are concerned, tax concessions to businesses surrounding, setting up of more workplaces and factories have always been a favoured option to create employment opportunities.
Union Budget Highlights 2019-20: Key takeaways from Finance Minister Nirmala Sitharaman's maiden Budget speech
Fp Staff • 6 years agoUnion Budget Highlights 2019-20 | Finance Minister Nirmala Sitharaman became only the second woman in the history of Independent India to present the Union Budget. Fifty-nine-year-old Sitharaman presented the Modi 2.0 government's maiden budget in the Lok Sabha. Prior to the presentation, the Union Cabinet headed by Prime Minister Narendra Modi approved the Budget for 2019-20.
Highlights of Budget 2019: Chidambaram claims Budget 'bereft of any reforms', says chief economic adviser must be most disappointed
Fp Staff • 6 years agoBudget 2019 LIVE Updates: At a press conference, former finance minister P Chidambaram claimed that the Union Budget was "bereft of any reforms". "The most disappointed person must be the chief economic adviser. The only investment-related proposal was the to increase the FPI percent. The Modi government treats India as one big state government. Apparently the prime minister believe that only his government can deliver basic public goods and services. It is not good to reduce state government to local administrations," he said.
Budget 2019: Changes in transfer pricing laws likely to play major role to improve business-friendly environment
Kavita Sethia • 6 years agoIt is possible that the taxpayer may have to switch to arithmetic mean, if the number of comparables falls below 6 during the course of assessment, which might add to the complexities and increase litigation.
Filing ITR: You could hire a CA, opt for services of TRP, buy private software or do-it-yourself
Muralidharan • 7 years agoFiling income tax return as said in the earlier pieces is a fairly simple affair but if one has avoided tax wittingly or unwittingly by investing in the names of near and dear ones, it is better to call for the services of experts
Income Tax Return filing: Why the last fortnight of July would strain the ITR server like never before
Muralidharan • 7 years agoThings have changed tremendously from the assessment year 2018-19 onwards insofar as the penalty regime for late filing of return is concerned.
GST Council meet: Three months on, govt slashes rates on 27 goods, relief for SMEs, exporters
Fp Staff • 7 years agoThe GST Council on Friday made sweeping changes to give relief to small and medium businesses on filing and payment of taxes