Tax Talk
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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
Trending
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Big picture: How the Adani crash unfolded and what it could do to the Indian economy
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Explainer: Why a Supreme Court verdict has sparked statewide protests in Sikkim
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‘No income, no tax’: Comedian imagines budget show with ‘Nirmala Sitharaman’ and ‘Kangana Ranaut’
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What the rise and fall of Adani stocks says about the Indian state and private capital
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Blocking of BBC Modi documentary violates Indians’ rights, say over 500 scientists and academicians
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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
Video
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Watch: Satirist Urvish Kothari hilariously explores what to expect in ‘Amrit Kaal’
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‘No income, no tax’: Comedian imagines budget show with ‘Nirmala Sitharaman’ and ‘Kangana Ranaut’
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Watch: Actor Ryan Reynolds surprises students by crashing their project during Toronto college visit
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Watch: Bill Gates learns how to make a roti from American celebrity chef Eitan Bernath
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Watch: German dog trainer sets world record for making 14 dogs walk in a conga line
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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 Reel
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‘Jehanabad – Of Love & War’ review: A heavily spiced account of an audacious jailbreak
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‘Almost Pyaar with DJ Mohabbat’ review: A throbbing musical about forbidden passion
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‘Faraaz’ review: A shallow exploration of 2016 Dhaka terror attack
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‘The Whale’ review: Brendan Fraser is the heart of soul of redemption saga
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‘The Woman King’ review: A giddy mix of history and fantasy
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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
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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
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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
The Field
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Tri-Series takeaways for Harmanpreet Kaur-led India: Deepti Sharma’s form, batting concerns and more
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ISL playoff scenarios: Here’s a look at what each club needs to do to qualify for the knockout stage
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Tennis: Nick Kyrgios pleads guilty to assaulting girlfriend but avoids conviction
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Olympics: USA backs move for Russian and Belarusian athletes to compete at Paris as neutral athletes
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La Liga: Real Madrid beat Valencia to cut Barcelona’s lead but lose Karim Benzema to injury