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Saturday, Sep 19, 2020
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Tax base

Jan 25, 2020 01:17
The finance ministry has been working on simplifying archaic income-tax laws and rationalising tax rates in line with recommendations of the task force on the Direct Tax Code (DTC), which submitted its report on August 19, 2019, they added. read more
Dec 02, 2019 06:36
The tax regime is positive. But a set of reforms, based on comparative experiences of other countries, will help read more
Nov 12, 2019 18:20
There is a way out. Focus on the informal sector and rural incomes read more
Nov 08, 2019 08:49
Moody’s affirmed the Baa2 foreign-currency and local-currency long-term issuer ratings for India. read more
Oct 01, 2019 03:34
The move comes after the government slashed corporate tax rates to boost investment and sentiment, and make Indian industry more competitive — a decision well received across the spectrum. read more
Jun 08, 2019 18:10
In India’s boom years ahead of the 2008-09 economic crisis, it was investment, albeit private, that powered growth. With the export market under significant squeeze today compared to what it was before the crisis, one important driver for private investment... read more
Apr 26, 2019 16:01
Not only is the country’s tax base small, it is also difficult to raise tax rates too much without reducing compliance read more
Dec 04, 2018 18:24
The number of people filing income tax returns (ITR) has increased 50 per cent to 6.08 crore so far in the assessment year 2018-19 compared to the year-ago period, a top official said on Tuesday. read more
Nov 09, 2018 21:17
Whatever spin the government may now give, there is no escaping the original self-proclaimed agenda behind the sudden withdrawal of Rs 500 and Rs 1000 rupee notes from the system. Two years later, there is growing evidence to indicate that ‘note-bandi’... read more
Nov 08, 2018 18:30
On the second anniversary of demonetisation, he also said that there was nothing innocent about this “scam” and claimed that drawing any other meaning out of it was an insult to the intelligence of the nation. read more
Oct 22, 2018 23:51
Incomes of all categories of Indian taxpayers increased by 67% in the last four years, the data released by the income tax department showed. read more
Oct 05, 2018 06:40
Last year, when India moved to the one-nation-one-tax regime, the Centre promised to compensate individual states for any loss of revenue from the introduction of GST, which subsumed a raft of indirect levies. read more
Sep 24, 2018 21:25
Data show demonetisation didn’t weed out black money or cash gained through illegal means, which was a key objective of Prime Minister Narendra Modi’s plan. On the plus side, there’s been some widening in the country’s dismal tax base, an increase in... read more
Aug 30, 2018 23:32
Finance minister Arun Jaitley wrote that the positive impacts of demonetisation included the formalisation of economy, more money in the system, higher tax revenue, higher expenditure and higher growth after the first two quarters. read more
Jul 30, 2018 12:44
The government expects GST revenue to add up to an additional 1.5% of GDP in the medium-term read more