Wealth Tax

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.

Five things Narendra Modi govt must do on economic front in the run-up to general elections

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.

Budget 2018: Bringing back wealth and inheritance tax will pay rich political dividends

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