Ensure income for poor, invest in infrastructure: Thomas Piketty
“It is not enough to have tax cuts for businesses; you also need to build a system so the poorest have adequate income support,” Thomas Piketty told Times Now in an exclusive interview with its editor-in-chief Rahul Shivshankar on Thursday.
Ordinance promulgated to give effect to extension of time limits under Taxation and Benami acts
Extension of several time limits related to d...
Work from home: Tech industry seeks changes in labour, taxation laws
India's IT sector is seeking revisions in the country's taxation and lab...
View: Changes in direct tax regime will impact taxation of individuals and companies
Changes will impact taxation of individuals and companies, and change the ambit of taxation of non-residents.
Budget was disappointing for lacking vision; but fiscal, taxation measures welcome: EAC-PM member Ashima Goyal
Goyal, who is a part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM), said that it was a "surprise" not to have a mention of the word 'slowdown' in the nearly three-hour long speech by the FM. The budget document is a "balancing act" between fiscal stimulus to drive growth and the need to be responsible on spending, she said.
Taxation of the digitized economy: Missing the bigger picture?
E-commerce companies already deduct 1 per cent TCS from sellers under the GST Act. The additional tax burden will strike a discordant note with the segment which enlists the lack of access to capital and high borrowing costs as its biggest barriers to growth and investments today.
Govt taking steps to simplify taxation; curb harassment of honest taxpayers: FM
Addressing an event organised by Confederation of All India Traders (CAIT), the finance minister said the government is open to suggestions for the betterment of GST filing system.
US launch investigations on India’s equalisation levy, other taxes levied on global digital majors
Currently, India levies 6% tax in the form of equalisation levy on digital companies advertising revenue.
Tax relief likely on creation of ‘permanent establishment’
Global firms with key staff in India create a 'permanent establishment', making the company liable to tax.
Companies can’t evade tax on profit from overseas office after ITAT ruling
Practice of companies interpreting treaties in a certain way to avoid tax on foreign offices’ profits to end. The practice continued even after 2008 when the tax law was amended to clarify that India may tax earnings of overseas branches. Several companies still avoided tax by citing earlier court decisions that seemed to favour their interpretation.
Fearing taxman, many companies are getting tax planning done before raising funds abroad
The possibilities include listing some of their Indian entities or creating a holding structure outside India. These companies and their tax consultants are studying ways to minimise their tax outgo, experts said.
Finance panel's NK Singh moots 'predictable' taxation regime
After a meeting of the commission’s Economic Advisory Council on Monday, NK Singh said the commission would be making suggestions on the tax structure, which was for the GST Council to consider.
Are your arbitrage funds in trouble?
In March, Tata Mutual fund and ICICI Prudential Mutual Fund stopped inflows temporarily in their arbitrage funds. Early this week, Kotak Mutual Fund in a note to distributors said that arbitrage spreads have turned negative on the expiry day for the first time in a decade.
Taxation not the only concern for ITC stock
Investors waiting for a better environment for the cigarette business are likely to be disillusioned
Pros and cons of investing in NPS for retirement saving
National Pension System is an investment product to save for retirement. However, among millennials, very few like to invest in such a product with a long lock-in period but this pension scheme has everything an investor looks for in a retirement plan.
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