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The Direct Taxes Code bill was introduced in Lok Sabha in 2010 and Standing Committee on Finance has given a report after its scrutiny.
How investors can tweak their fixed income investments to earn more in the current environment.
The GST rates for all but six items were finalised at the first day of the two-day meeting of the GST Council, headed by Union Finance Minister Arun Jaitley and comprising state representatives.
'How can you ask the common man alone to suffer when the rich is not doing any sacrifice?' 'To take out 10% of black money, you are punishing 90% of the public who have genuine white money.'
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"At present, there are two main rate slabs under which sa majority of goods are covered -- five per cent and 12.5 per cent -- which will now increase to three (five per cent, 12 per cent and 18 per cent).Will this result in multiple litigations is anybody's guess."
India's economy grew at a two-year high of 5.7 per cent in the first quarter of this financial year, after a below-five per cent growth in 2012-13 and 2013-14.
Farm loan waivers should not be regarded as expenditure but as incentive and investment, argues B S Raghavan, the distinguished civil servant.
If the real economy is indeed looking up, then it no longer needs hand-holding and fiscal laxity
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
While good news from several quarters has been trickling in, El Nino might be a dampener, says T N Ninan.
Pushing people to litigation is a major source of tax uncertainty.
Jaitley said note ban has compelled people to deposit money into bank accounts.
'I expect fourth quarter GDP growth to be sharply down.' 'I would imagine it would shave off at least one percentage point, if not more, as compared to the third quarter.'
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
We have only three differences with the Bharatiya Janata Party on the GST, said the Congress vice president.
Rain gods may be kinder; revenue collections going up: Jaitley
The implementation of the GST will indeed be a landmark reform.
Construction costs would be reduced to some extent and this benefit can be passed on to the customers, thereby spurring home buying
Pitching for a non-adversarial tax environment, India Inc on Tuesday suggested reduction in tax rates on corporate as well as individuals to boost economic growth.
The global ratings agency keeps India's sovereign rating unchanged at 'BBB-' with stable outlook
GST impact: Higher lease payouts may hit airlines, cab aggregators.
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.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
At a time when major economies have increased spending, India will have to do the same.
The Budget for 2018-19 has at least five takeaways that are yet to receive adequate attention, says A K Bhattacharya.
Encouragingly, the recovery also appears to be becoming broad-based
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
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