CBDT likely to soon notify tax compliance relaxations
Finance minister Nirmala Sitharaman had last week announced several relaxations in compliances including under the income tax.
Govt now must do away with LTCG tax & TDS on mutual funds: Navneet Munot
Some of the government policies need to be rethought to ensure that ...
Nasscom seeks relief for technology startups for business continuity
Some of the important measures demanded from the government to help the startups include rental subsidy for workspaces used by start-ups which are regulated/owned/managed by government agencies; blanket suspension of all deadlines including tax payment deadlines and filing deadlines until at least four weeks post lifting of all city lockdown.
Airbnb, Netflix, others bill to rise with new tax
The amended Finance Bill, which was approved by Parliament on Monday, with effect from April 1, an equalisation levy of 2% will be applicable on sales made by foreign ecommerce companies operating in Asia’s third-largest economy.
Separate GST registrations confuse interim resolution professionals
IRPs appointed under the Insolvency and Bankruptcy Code (IBC) have approached the finance ministry, seeking clarity on several aspects regarding the Central Board of Indirect Taxes and Customs (CBIC) notification issued on Saturday and a follow-up circular on Monday, people familiar with the development said.
Trump didn’t calm the oil markets. Now it may be too late
Trump has yet to intervene, himself, despite saying last week that he might.
Covid-driven tax reliefs to cost government 2-3% of GDP
Experts say that Covid-driven tax relief may cost government 2 to 3 per cent of the GDP.
Why taxing global tech cos including Google, Facebook, Tiktok and Neflix is easier said than done!
The tax is on global companies that offer digital products and services to Indian residents. It comes into effect from April 1 after the government expanded the scope of the levy to all overseas e-commerce transactions originating from India in the amended Finance Bill that was passed by Parliament on Monday.
NRAI writes to FM; seeks financial bailout package; restoration of input tax credit, deferment of advance tax payments
The letter requests total and immediate deferment of statutory dues inclusive of GST, advance tax payments, PF, customs duties at the central government level and state excise, renewal of liquor licenses, and VAT at the state level for a period of twelve months.
Defaulters must settle dues within 15 days of agreeing on amount under VSVS: CBDT
The Vivaad Se Vishwas scheme is a no interest - no penalty window that was supposed to end on March 31 but has since been extended in light of lockdowns and disruptions due to the Covid-19 outbreak.
Sabka Vishwaas scheme deadline extended till June 30
The government has extended most tax compliance deadlines for individuals to June 30, 2020. The main deadlines extended include: Linking Aad...
Belated I-T returns for FY 18-19 deadline extended to June 30, 2020
In a good news for individuals, the government has decied to extend the deadline for belated income tax return (ITR) from March 31, 2020 to ...
Tax optimiser: Desai can cut tax outgo by Rs 66,000 via NPS, perks
ET Wealth tells readers how they can optimise their tax by rejigging their income and investments.
If my LTCG in below Rs 1 lakh, should I file income tax returns?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service