Tax Talk
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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
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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
Trending
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Why the exodus from Bhutan of young people and qualified workers is a worry for India
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Seven firms that failed drug quality tests gave money to political parties through electoral bonds
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Why did a Union minister say he would apply for Indian citizenship under CAA?
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Electoral bonds: What we know so far, what we will know soon – and what we may never know
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Modi government’s insurance scheme pushes hospitals into debt – threatening patient admissions
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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
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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
Video
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Watch: Actor Vijay’s car is damaged after thousands of fans throng to meet him in Trivandrum
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‘Time to forget about it’: Miriam Margolyes, who acted in ‘Harry Potter’ films, tells adult fans
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Watch: Protestors lie on the ground together along the seashore in Spain to represent Gaza victims
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Watch: From Sonu Nigam to Shilpa Rao, prominent singers sing ‘Yaaron Dosti’ in a tribute to KK
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Watch: Pilot makes a special announcement with baby daughter to celebrate her first flight with him
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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
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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
The Reel
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‘Adrishyam’ trailer: Eijaz Khan and Divyanka Tripathi Dahiya play undercover agents
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Prithviraj Sukumaran on what makes ‘The Goat Life’ special: ‘A deeply meditative character study’
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Start the week with a film: A riveting game of mind control in ‘The Manchurian Candidate’
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‘Crew’ trailer: Tabu, Kareena Kapoor Khan and Kriti Sanon play stewardesses involved in smuggling
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‘I wanted to land this film correctly’: Why actor Kunal Kemmu chose to direct ‘Madgaon Express’
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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
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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
The Field
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Archery: Deepika Kumari tops national selection trials for World Cup Stage 1 and 2
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Commonwealth Games: Malaysia to consider hosting a downsized edition in 2026; Singapore also in fray
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WPL 2024: From captain Meg Lanning to rising star Shreyanka Patil – The Field’s team of the season
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Wrestling: IOA dissolves ad-hoc committee; elected body to take charge of national federation
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Hockey: Harmanpreet Singh to lead 27-member Indian squad for Australia tour