tax

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• Business News

US firms in India not ready to pay digital tax, says lobby group

07/07/2020 10:10 AM Mitchell

A lobby group representing U.S. technology giants has said its members are not yet...

3 min read

• Business News

Gross direct tax collection falls 31{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} as advance tax mop-up plunges 76{b1ee4ac4d8d7b8e1af61a560a11ca52574b8103b547ccac8037ce0cdf9e7ba58} in June quarter

16/06/2020 7:28 PM Mitchell

Gross direct tax collection declined 31 per cent to Rs 1,37,825 crore till June...

2 min read

• Business News

Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has not yet made a decision on its monetisation, the Reserve Bank of India (RBI) Governor Shaktikanta Das said. India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide. “Fiscal measures are important and the government is working on a package of measures,” Das, the central bank chief, told news agency Cogencis in an interview published on Monday. Das said he expected the government to take a judicious and balanced call on the question of the fiscal deficit, while tackling the challenges arising from the pandemic. “Meeting the fiscal deficit target of 3.5 per cent this year (2020/21) is going to be very challenging, and going beyond it becomes unavoidable,” he said, adding that direct tax collections may also be hit. Das did not reply specificall

27/04/2020 10:17 AM Mitchell

Meeting India’s fiscal deficit target in the current financial year is going to be...

2 min read

• Business News

Govt brushes off proposal to impose coronavirus tax on super-rich

27/04/2020 2:50 AM Mitchell

A group of Indian Revenue Service officers have recommended taxing the super rich, and...

3 min read

• Business News

All you need to know about TDS on salary and new income tax rules

20/04/2020 9:38 AM Mitchell

The Central Board of Direct Tax (CBDT) recently came out with a circular, offering...

1 min read

• Business News

I-T department to release all pending income tax refunds upto 5 lakhs immediately

08/04/2020 1:17 PM Mitchell

The I-T department has said that it will issue all the pending income-tax refunds...