The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
Two stock market experts discuss their wishlists for Union Budget 2017 with Rediff.com's Aslam Hunani.
Total disputed liability of Mallya with respect to service tax to the tune of Rs 535 cr
Restricting the input credit is not a good idea for any sector, particularly real estate which requires more formalisation.
.jpg)
As of September, account for bulk of applications for availing of the government's amnesty scheme.
The GST Council, headed by Jaitley and comprising representatives of all the states, is scheduled to meet in Srinagar on May 18-19 to finalise tax rates on different goods and services after unifying at least 10 indirect taxes into the Goods and Services Tax.
Hindi film industry hopes to get some tax relief from the upcoming Budget 2015-16.
PM Modi on Sunday called upon states to "speed up capital expenditure and infrastructure creation" to spur economic growth.
Infosys had told the group of ministers that it would expand its 100-member team to speed up the bug fixes.
Daily turnover down by a third in December compared to previous months.
Rise in vegetable prices can reverse the benefits of low oil prices.
The vice president met Leader of the party in Lok Sabha Mallikarjun Kharge, P Chidambaram and Deputy Leader of the party in Rajya Sabha Anand Sharma, among others and discussed various points regarding the key tax reform legislation.
The excise duty collection grew by 81 per cent in first quarter against the budgeted 21.7 per cent.
'According to the government's Economic Survey, the Indian state's generosity is not restricted to its poorest citizens. In fact, in many cases, the beneficiaries are disproportionately the well-off.'
Any residual amount left in the Compensation Fund after five year compensation period shall be shared equally between the Centre and the states.
With a focus on direct, indirect, and corporate tax structures, the Budget 2016-17 offers a balanced taxation structure
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
Finance Minister Arun Jaitley on Friday said as many as 37,506 tax dispute cases were pending before various Income Tax Appellate Tribunals having a financial implication of Rs 1.45 lakh crore at end March 2015.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
The government plans to implement the single rate GST, which would subsume central excise, service tax and other local levies, from April 1, 2016
The sentence could go up to three years if the evasion exceeds Rs 50 lakh (5 million).
The government was exploring options to secure higher dividend payment from state-run companies.
The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
For the first time in the history of Budget-making in India, a single Budget will touch 65 crore Indians, says Shailesh Haribhakti.
Indian companies struggle in face of a set of common challenges related to logistics, labour regulations, tax and tariff policy
The broad direction for the reform process will continue to be positive.
Pranay Bhatia offers insights on some key issues from Nirmala Sitharaman's maiden Budget.
While GST and insolvency laws are among the major achievements of the Modi government, the list of failures include demonetisation, toxic banks, manufacturing hiccups and most prominently bizarre job creation figures. Mihir S Sharma takes a look at the four years of Modi government.
Businesses that are engaged in both taxable and non-GST supply have re-structured themselves into separate entities to avoid elaborate compliance, says Sudipto Dey.
'GST is imperative for India's success.' 'Without GST India will be a less competitive country.'
States' demand of compensation from Centre for loss of tax revenue not on agenda.
Total number of tax disputes in SC cross 10,000
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
The biggest disappointment was the compromise on the promised corporate tax reduction path.
'The only way to minimise logical inconsistencies and confusion is to develop the two rates of 12% and 18% as the ones that apply to almost all items.' 'At a later stage, these two rates could be merged into a single rate,' advises T N Ninan.
There will be a review of employee compensation arrangement in the light of the new rules.
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Enhanced revenue generation is a priority for the government.
Govt may further hike excise on petrol, diesel before Budget.
Jaitley said the Congress may be upset with the government for 'political reasons'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances