Budget 2023: Why FM Nirmala Sitharaman is incentivising a shift to the new tax regime

Until now, the new regime has struggled to gain acceptance among taxpayers.

Nachiket Deuskar

· Feb 01, 2023 · 06:30 pm

India moving from tax terrorism to tax transparency, says Narendra Modi

The prime minister said that the Goods and Services Tax has helped reduced the complicated net of several tax layers.

Scroll Staff

· Nov 11, 2020 · 07:12 pm

Last date for filing of income tax returns for 2018-’19 extended till December 31

The finance ministry said it had received pleas that an extension was required as businesses were still recovering from the coronavirus-induced lockdown.

Scroll Staff

· Oct 24, 2020 · 04:20 pm

Narendra Modi introduces reforms to ‘honour the honest’ taxpayers

While the faceless assessment and taxpayers charter will come in force from Thursday, the faceless appeal service will be available from September 25.

Scroll Staff

· Aug 13, 2020 · 12:48 pm

IT tribunal judgement on HSBC deposit is an endorsement of the ideology of nationalism tax

The decision abnegates the basic tenets of tax, trusts and evidence law and confirms the charge on specious notions, hearsay and Google search.

Kabeer Shrivastava

· Aug 09, 2020 · 07:30 am

Centre tells parliamentary panel it cannot clear GST dues of states in the near future: Reports

The GST Council was scheduled to meet this month to rework compensation to the states, but no meeting has been convened so far.

Scroll Staff

· Jul 29, 2020 · 11:38 am

Can India really recover Rs 14,500 crore tax from Tiger Global over Flipkart sale?

While the foreign investor has a strong case, some loopholes could work in the favour of tax authorities.

Ananya Bhattacharya, qz.com

· Jun 13, 2020 · 09:30 pm

Nirmala Sitharaman says Centre has not set any time frame to remove income tax exemptions

The finance minister said the second alternative tax brackets were meant to take the country towards a simplified tax rate regime.

Scroll Staff

· Feb 17, 2020 · 10:43 am

Excessive taxation is a form of social injustice, says CJI SA Bobde

SA Bobde’s remarks come just a week before the government presents the Union Budget for 2020-’21 on February 1.

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· Jan 24, 2020 · 10:32 pm

Centre will consider suggestions for personal income tax cut, says Nirmala Sitharaman

The finance minister said she would not reduce it to bring parity with the corporate tax, but instead it will be considered for its merit.

Scroll Staff

· Dec 03, 2019 · 11:53 am

Gross tax revenue for 2019-’20 may fall short by Rs 2 lakh crore: Report

This could take India’s fiscal deficit up to 4% of GDP, as against the budgeted 3.3%.

Scroll Staff

· Oct 21, 2019 · 01:21 pm

India loses 5% of corporate revenue as firms shift profits to tax havens, shows research

India loses $9,718 million (approximately Rs 69,000 crore) in profits to tax havens located across the world.

Scroll Staff

· Oct 01, 2019 · 04:55 pm