Page-3 of Topic: Income Tax
Tweaks to the FPIs in Union Budget
The Indian Government has made a few tweaks to the norms of foreign portfolio investors (FPIs) to attract funding for the Indian capital market. What has happened? The...
Update : Erroneous reports about the Filing of Income tax Return
There were several reports in the social media that a few taxpayers were facing issues in filing the returns. What had happened? Unverified reports in the social media...Structural Challenges with Indian Tax Regime
The Indian tax regime is said to be under a myriad of structural challenges. India has one of the highest effective corporate tax rates and personal income tax...India’s Path of Fiscal Consolidation
Concerns of the slowing down economy, need to pump capital to revive job creation had led to speculation that the Finance Minister would deviate from the path of...
Budget 2019 : Tax Rates
While most economists had anticipated that the government might impose an inheritance tax on the super-rich, the government has not decided to follow through this time and has...
Indian Black Money in Swiss Banks Reduces
As per a report made public by the Swiss National Bank (SNB), the money deposited by Indian individuals and enterprises in various Swiss banks has reduced by nearly...
Income Tax department alters method to tax MNCs and Digital Firms in India
The income tax department has changed the method to tax multinational companies and digital firms with permanent establishment in India by taking into account various factors like domestic...
Income tax exemption limit on gratuity doubled to Rs 20 lakh
The government has increased the tax-free gratuity income limit to Rs 20 lakh. This move will benefit the public as well as private sector employees. What is Gratuity?...Sanjeev Sharma head of CBDT panel to help bring down tax litigation]
The Central Board of Direct Taxes (CBDT) has formed a four-member committee to look into the matter of taxation related pain points and submit its final report and...
61 Individuals Declared Annual Income of Over Rs 100 Crore
As per the information provided by Minister of State for Finance Pon Radhakrishnan to the Lok Sabha 61 individuals who declared an income of more than Rs 100 crore...
Infosys to develop advance Tax filing System
The Union government has approved Integrated E-filing and Centralised Processing Center 2.0 Project of the Income Tax Department to enhance the efficiency of income tax administration system in...
