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Coming Next? No income tax, only BTT

ArthaKranti, which suggested demonetising Rs 500 and Rs 1,000 currency notes, wants the government to abolish income tax and replace it by a banking transaction tax.Archis Mohan reports. 'Imagine,......

Why banking transaction tax may not be evasion-proof

According to the NIPFP, there is the possibility that even if the banking system matures over time, some transactions could bypass the system so as not to pay the BTT. Illustration: Uttam......

Banking transaction tax to go: FM

With the government devising alternative ways to trail black money, the Banking Transaction Tax will be withdrawn by the end of this year, Finance Minister P Chidambaram said on Wednesday.......

'Never suggested overnight banning of high value notes'

'There has to be an 18-month transition.''But if the government had some prior knowledge that the high value notes were being used for an imminent terrorist activity in the country, then we have to......

'One should not expect an immediate boost to the economy'

The structural reforms that the new government is putting in place will take up to 18 months to bear fruit, says Sanjeev Sanyal (below left), global strategist, Deutsche Bank. In an......

Btt

News for Btt

Coming Next? No income tax, only BTT

Why banking transaction tax may not be evasion-proof

Banking transaction tax to go: FM

'Never suggested overnight banning of high value notes'

'One should not expect an immediate boost to the economy'

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