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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Election results: What does BJP’s hegemony in the Hindi belt mean for Indian politics?
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Why KCR lost Telangana – and what it means for state parties
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A trio of wolves, a lunging crocodile and other winners at the Sanctuary Wildlife Photography Awards
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Badminton: Gayatri Gopichand and Treesa Jolly talk through the steps on the long road ahead
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Priya Satia: How modern empire broke the empire mould
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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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Management spoof: Manager gets a shock on learning what EOD really means
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Watch: Heavy snow blankets runways, train tracks and roads, disrupting daily life in Munich, Germany
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Watch: Scenes of chaos and panic as powerful earthquake, aftershocks rock parts of the Philippines
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Watch: Smoke billows from luxury speedboat after it catches fire near Alibaug, Maharashtra
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Watch #ResultsWithIndependentMedia: Poll verdict live
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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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Start the week with a film: Russian literature and Kangra painting meet in ‘Kasba’
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Vir Das: ‘Humanity without laughter wouldn’t survive very long’
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Watch: ‘House of the Dragon’ season 2 teaser trailer is out
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‘The Boys’ season 4 trailer: Homelander grows in influence as Butcher tries to rally his team
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‘Salaar Part 1 – Ceasefire’ trailer: ‘K.G.F’ director’s new film stars Prabhas, Prithviraj Sukumaran
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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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Badminton, Syed Modi International: Ponnappa-Crasto lose to Japan’s Iwanga-Nakanishi in final
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England tour of India: Issy Wong, Hollie Armitage lead visitors to series win against India A
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Pro Kabaddi League: Gujarat Giants beat Telugu Titans in season opener; U Mumba pip UP Yoddhas
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Watch, highlights ISL 2023-24: Mohun Bagan Super Giant score late goals to edge past Hyderabad FC
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FIH Hockey Women’s Junior World Cup: India bow out in pool stage with heartbreaking loss to Belgium