Govt brushes off officers' proposal for wealth, coronavirus tax on super rich; terms IRS report 'irresponsible'
The suggestions are part of a paper titled 'Force', which stands for 'Fiscal Options & Response to the COVID-19 Epidemic', submitted by the Indian Revenue Service (IRS) Association to CBDT (Central Board of Direct Taxes) Chairman P C Mody,
Disputes relating to wealth, securities transaction, commodity transaction taxes and equalisation levy will not be covered under 'Vivad Se Vishwas' amnesty scheme
Nobel laureates Abhijit Banerjee, wife Esther Duflo say it is time to expand tax base; advocate introduction of wealth tax in India
Banerjee, who is an alumnus of the University of Kolkata, Jawaharlal Nehru University (JNU) and Harvard, said that wealth tax is a very logical tax for India to impose.
RBI savings bonds: All you need know about eligibility, issue price, limit of investment, tax rules, repayment
On 10 January 2018, the Government of India announced the launch 7.75 percent Savings (Taxable) Bonds, 2018 to enable resident citizens/HUF to invest in a taxable bond, without any monetary ceiling.
Union Budget 2019: From 1973 ‘Black Budget’ to 1997 “Dream Budget’, a look back at key Budgets in last 7 decades
The Budget is remembered for the introduction of Wealth Tax, which remained in some form or the other for the next six decades.
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
Narendra Modi govt should spare a thought for salaried class; jump from 5% to 20% tax is grossest injustice to middle income group
Apart from being unjust to the middle class, it is the steep rate of tax that tantalises people to split their income
Narendra Modi govt mulling revival of estate duty, BCTT: Banking transactions should be encouraged with incentives
Banking cash transactions should be encouraged and correspondingly cash transactions discouraged through incentives for the former and not through tax on the latter.
Labour Day 2019: Not just vanishing private investments, high cost of labour too is killing India's job market
There is no major mention of labour reforms in the BJP manifesto, even the Congress manifesto which speaks GST reforms and job creation has paid no significant attention to labour law reforms
Rakesh Jhunjhunwala rues the poor haven't gained from four decades of bull run but warns against wealth tax
In a departure from his earlier views, Rakesh Jhunjhunwala said the ruling BJP will not get a clear majority in the ongoing polls
Budget 2019: Govt should raise tax on individuals earning above Rs 50 lakh to 40%; impose levy on super rich to fund welfare schemes
The interim budget 2019 to be presented on 1 February 2019 by Finance Minister Arun Jaitley can correct this skew with some path-breaking reforms that might appear to be just reversal of the past policies.
It is important for the Narendra Modi government to leave a imprint in the minds of the people with altruistic measures benefitting the entire nation
Demonetisation: Narendra Modi govt's moves to curb black money reaps benefits with increased tax collection
The Narendra Modi government has done remarkably well on the taxation front and its subset black money.
Reintroduction of estate duty and wealth tax would go some way in disabusing the notion that Modi’s is a suit-boot ki sarkar, an allegation that often resonates with the poorer segments of the electorate
Trade Unions want the government to allocate more funds in the Union Budget 2018 for employment generation and claimed that opening up the retail market to foreign players would lead to further loss of jobs
Direct tax collections soared 18.2 percent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said
Gold is considered and has proven to be a first asset class of the poorest too in the country and as a commodity that is widely distributed.
In the last Budget, Jaitley had abolished the wealth tax and replaced it with an additional surcharge of 2 percent on the super-rich with a taxable income of over Rs 1 crore.
The tax administration would have to gird its loins to deal with the mushrooming applications for the status of religious trusts.
A step by step guide to the proposed scheme