Page 6 - Latest Updates on Direct Tax
Taxmen threaten to stall work in protest if working conditions don't change
Corporation and income tax collection for the current year is likely to fall for the first time in at least two decades
 "Taxmen threaten to stall work in protest if working conditions don't change")
Vivaad Se vishwas Bill to settle tax disputes passes LS test amidst din
Opposition has been protesting over the issue of Delhi violence and demanding an immediate discussion
 "Vivaad Se vishwas Bill to settle tax disputes passes LS test amidst din")
Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn
Finance Minister Nirmala Sitharaman would move 'The Direct Tax Vivad Se Vishwas Bill, 2020, for consideration. Stay tuned for LIVE updates on Parliament session in the Lok Sabha and Rajya Sabha
 "Parliament LIVE: Why is Amit Shah silent on Delhi violence, asks Oppn")
Cabinet nod to changes in Vivad se Vishwas Bill to reduce tax litigations
The minister hoped that people will take advantage of the scheme to settle the tax disputes before March 31, 2020
 "Cabinet nod to changes in Vivad se Vishwas Bill to reduce tax litigations")
FM talks 'Vivad Se Vishwas' scheme with industry representatives
With over Rs 9 trillion worth direct taxes locked up in litigation, the government last week introduced 'Direct Tax Vivad se Vishwas Bill, 2020' in the Lok Sabha
 "FM talks 'Vivad Se Vishwas' scheme with industry representatives")
Vivad se Vishwas: CBDT to collect data on direct tax cases in high courts
The CBDT has asked the regional Income Tax Department chiefs to "personally monitor" the exercise
 "Vivad se Vishwas: CBDT to collect data on direct tax cases in high courts")
Stock markets cannot expect the moon every time: CBDT chairman P C Mody
A three per cent rise is definitely achievable
 "Stock markets cannot expect the moon every time: CBDT chairman P C Mody")
Budget 2020: The focus is on simplifying GST and preventing evasion
The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration
 "Budget 2020: The focus is on simplifying GST and preventing evasion")
New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman
The set target for revenue collection (personal income tax, corporate tax and others) was Rs 13.35 trillion for the 2019-20 financial year that ends on March 31
 "New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman")
Budget 2020: Centre kicks off immunity scheme to settle income tax disputes
Waiver from interest and penalty if paid by March 31; estimated value of contested money over Rs 5 trillion
 "Budget 2020: Centre kicks off immunity scheme to settle income tax disputes")
Budget 2020: NRIs not paying tax in other countries will be taxed in India
This means if an Indian citizen is not a resident of any country, they will now be deemed an Indian resident and their income will be taxed here
 "Budget 2020: NRIs not paying tax in other countries will be taxed in India")
Indirect tax: Few but well-justified changes in Budget 2020
Customs duties and exemptions need to be streamlined
 "Indirect tax: Few but well-justified changes in Budget 2020")
Nirmala Sitharaman's Budget 2020: Trust, the new mantra in tax policy
The Centre's commitment to reduce harassment of a sound taxpayer reaffirmed
 "Nirmala Sitharaman's Budget 2020: Trust, the new mantra in tax policy")
Budget 2020: 'Vivad se Vishwas' scheme to cut down direct tax litigation
Under the proposed scheme, a taxpayer would be required to pay only the amount of the disputed taxes and will get complete waiver of interest and penalty provided he pays by March 31, 2020.
 "Budget 2020: 'Vivad se Vishwas' scheme to cut down direct tax litigation")
Budget session LIVE updates: Congress protests against Anurag Thakur in LS
Budget 2020 Live: Finance Minister Nirmala Sitharaman today presented the annual Union Budget 2020-21 in Parliament. Follow Business Standard for LIVE updates
 "Budget session LIVE updates: Congress protests against Anurag Thakur in LS")
Budget wishlist: Insurance industry expecting more tax incentives
Life Insurance Council has sought a separate deduction in personal taxes or an increase in the present limit for the premium paid for individual life policies
 "Budget wishlist: Insurance industry expecting more tax incentives")
Top 10 biz headlines: Direct tax immunity likely in Budget, farm write-offs
From final touches to takeover norms for unlisted firms to Vistara junks premium class on low income routes, Business Standard brings you the top business headlines of the day
 "Top 10 biz headlines: Direct tax immunity likely in Budget, farm write-offs")
Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October
A combination of factors is responsible. This includes a deepening of the general economic slowdown and corporation tax cuts
 "Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October")
Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more
From Direct tax code panel seeking 4 slabs to RBI rejecting Sebi's plan for rating agencies, here are the top business headlines on Tuesday
 "Top 10 biz headlines: Slabs for direct tax, BSNL asset sale, and more")
Govt reworking strategy to enhance direct tax mop-up: CBDT member
CBDT member Akhilesh Ranjan, who headed a panel on the new direct tax law, said corporation tax rate in India is somewhat higher - compared to international standards - and must be reduced
 "Govt reworking strategy to enhance direct tax mop-up: CBDT member")
