INCOME TAX CUT
Cut in personal tax possible: CLSA
Any cut in income tax rates will be seen as a boost for discretionary companies.
Union Budget 2020: Why income-tax cut is a bad idea
Income tax cut would be ill-timed, given the huge shortfall in revenues after the steep c...
Jewellers want cut in import duty of gold and in income tax in Budget 2020
Jewellers are expecting a reduction in import duty of gold and a c...
India Inc expecting budget to lower personal income tax rates
Finance Minister Nirmala Sitharaman will increase the income tax exemption limit from Rs 2.5 lakh per annum currently, majority of respondents surveyed by tax consultancy firm KPMG opined. The majority of respondents also feel that the government in the forthcoming Budget to be unveiled on February 1 will increase the standard deduction and give more incentives for housing loans.
Not in favour of lowering income tax of very high earners: Kiran Mazumdar Shaw, Biocon
Govt needs to kick start investment cycle by focussing on infrastructure investment. Extending SEZ or initiating new export incentives would...
20% TDS if employee doesn’t share PAN or Aadhaar: I-T dept
In the latest TDS circular on salaries issued by the Central Board of Direct Taxes (CBDT), Aadhaar has been added to the rules after the government amended the law to mandate that those without PAN can quote their Aadhaar.
Income tax cut in Budget 2020: To expect or not to expect?
As taxpayers, you and I would obviously want a reduction in the income tax rates in the upcoming Budget, that's what would make taxpayers ha...
Hike in tax sop for health insurance premium sought in Budget 2020
With the rise in healthcare costs, the tax exemption limits can be further increased by 20% for self and dependent parents each. This will provide a huge relief in terms of disposable income and help increase the penetration of health insurance.
Budget 2020: Expenditure boost rather than tax cut needed to pump prime economy, says Aditi Nayar
A tax cut in terms of personal income tax may not boost the economy as much as increasing govt spending especially on capital assets and in ...
A tax cut for you in Budget won't give India the boost it needs
To reverse the ongoing economic slowdown, the immediate priority is to stimulate demand in the system.
Why tax cut won't fix India's bruised economy
It will be a mistake to reduce tax rates when the tax revenue is below the target and the fiscal deficit is high.
Income tax dept warns taxpayers of phishing mails; lists out genuine senders
Digital frauds are on the rise and taxpayers too are not safe from it. To help you, the income tax department has released a list of trustworthy sources that a taxpayer should make a note of. Do not just trust any other source.
I-T raids at Bharat Group, undisclosed foreign assets recovered
The Income-Tax Department's searches on the Bharat Hotels group, that runs the chain of Lalit Hotels, has led to the detection of "undisclos...
Raids on Lalit hotels group, promoter led to Rs 1,000-cr black foreign assets: CBDT
"The investigation has successfully lifted the veil, leading to detection of undisclosed foreign assets of more than Rs 1,000 crore, apart from domestic tax evasion of more than Rs 35 crore which may lead to consequences under the Black Money Act, 2015, as also, action under the I-T Act respectively," the Central Board of Direct Taxes (CBDT) said.
Investors better off ignoring what’s happening in market: Dhirendra Kumar
A 10% capital gains tax does not change the equation or the case for equity in the long-term. A poor market should not guide you to be investing in fixed income just because the last 1-2 years have been disappointing. If you are guided by those broad principles, most investors will be better off ignoring everything happening in the market.
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