Kejriwal requested Shah and Sitharaman to look into the matter personally and “provide additional terms of reference to the 15th Finance Commission to enable” it to recommend the legitimate shares of Delhi in central taxes. read more

The reason being the realization that the new tax rate applies not just to the super rich but also to trusts -- a structure of choice for a large number of foreign funds that invest in the nation. read more

A higher tax buoyancy number indicates that either the nature of growth is more revenue generating or the tax-net is more effective at dealing with tax evasion. The reverse can be inferred if the tax-buoyancy number goes down. read more

Raising Delhi’s share in Central taxes, which has remained the same for 19 years, has been a long-pending demand of AAP . read more

The Delhi government also requested the Union finance minister to clear \u20B93,000 crore pending integrated goods and services tax (IGST) dues of Delhi. read more

Currently, both the disability pension and pension of soldiers are exempt from income tax. read more

Sisodia, who is also Delhi’s finance minister, made these demands at a pre-budget meeting convened by union finance minister Nirmala Sitharaman. read more

A filing in New York federal court alleges that Trump’s hotel management company evaded income and social security taxes. read more

According to the DRI, the arrested accused Vishal Choudhary is the director of a company that dealt in the export and import of gold. read more

In a statement, Singh said that implementation of Nyay, which aims to provide Rs 72,000 per family every year to the poorest 20% of population, would not entail any new tax on the middle class. read more

The new forms also require individuals to disclose more details about their residential status, such as the number of days spent in India and abroad, rather than giving a self-declaration on residential status. read more

Since 2012, start-ups were conditioned to what is called angel tax on the premiums obtained over their fair market value. read more

The government has assured to reduce corporate tax to 25 per cent from 30 per cent once the goods and services tax (GST) collections improve, said industrialists who met Finance Minister Arun Jaitley at North Block on Tuesday. read more

A reciprocal tax is a form of tariff applied to imports from other countries that charge a similar duty on goods exported by the US.President Trump has repeatedly called out India for its high tariffs. read more

Individuals earning Rs 8-9 lakh annually would not have to pay any income tax if they make proper investments in tax saving instruments like provident fund, life insurance, pension scheme and home loan, Revenue secretary Ajay Bhushan Pandey said Sat... read more