Tax Talk
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Why is the Congress facing a Rs 3,567-crore demand from the Income Tax department?
The department on Monday said it would not recover the amount until after the Lok Sabha elections.
Vineet Bhalla
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Number of those who paid income tax fell by 1.3 crore in four years, shows government data
This was because the number of those whose income tax returns amounted to zero liability increased sharply in this period.
Scroll Staff
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$1 trillion: That’s the amount of profits multinational corporations shift to tax havens in a year
New research shows that companies are shifting record amounts to tax havens, despite a global effort to crack down on the practice.
Ludvig Wier, The Conversation & Gabriel Zucman, The Conversation
Trending
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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Why is BJP wooing Bengali-origin Muslims in Assam?
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We will leave India if told to break encryption: WhatsApp tells Delhi HC
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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The real reason why Modi says what he does – Hindu India accepts it
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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
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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
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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
Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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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
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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
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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
The Reel
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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Watch: In ‘The Big Cigar’, the Black Panther founder flees America through a fake movie
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‘Dil Dosti Dilemma’ review: A feelgood entertainer about young love and old ties
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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
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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
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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.
Scroll Staff
The Field
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Cricket: Former Pakistan captain Bismah Maroof retires from international cricket
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Athletics, Asian U20 C’ships: India wins nine medals including four gold on Day 2
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Badminton, Thomas and Uber Cup 2024: Two years on, Indian men’s team hope to defend crown jewel
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IPL 2024: Royal Challengers Bengaluru end losing run with convincing win over Sunrisers Hyderabad
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Archery, World Cup Shanghai: Men’s recurve team reach final; Priyansh, Vennam in compound semis