Page 10 - Taxes

I-T dept 'elephant' running amok to meet revenue shortfall: Rahul Gandhi

Congress leader Rahul Gandhi on Monday hit out at the Modi government, alleging that the Income Tax Department is "running amok"in a bid to meet India's revenue shortfall. "The FM (Nirmala Sitharaman) said in her budget speech that an elephant should take just 2 pounds of rice & not trample the entire paddy field," Gandhi said in a tweet. "Meanwhile, the IT dept elephant is running amok in a bid to meet India's revenue shortfall," he said. Gandhi also shared media reports alleging that "tax terrorism" was hurting India's growth.

France moves to tax digital giants, urges G7 to find international solution

France's new law aims to plug a taxation gap that has seen some internet heavyweights paying next to nothing in countries where they make huge profits as their legal base is in smaller EU states

Letter to BS: Union Budget 2019 did not offer too many tax sops

Raising the threshold limit from Rs 2.5 lakh to Rs 5 lakh paved way for many lower income salary earners

Will the new legacy dispute resolution scheme deliver? Experts explain

Experts say the VCES scheme announced in 2013 covered only unpaid service tax dues

Final drafting of arbitration award against retro tax in process: Cairn

The Income Tax Department, beginning May 2018, has sold most of the Cairn shares to recover tax dues

No escape for firms as tax information pours in from other countries: CBDT

India has tax information exchange agreements with 130 countries

Not too late to plan your taxes: You can still invest a lump sum in ELSS

Over the long term, the returns would be slightly lower compared to investments made via SIP

FY17 revenue: Shoulder tax collections up 23% in first 5 months

Corporation tax down 2% after refunds, customs duty grows only moderately

Centre asks states to remove taxes on essential food items

The ministry said it will ensure reasonable prices for consumers and also fetch better prices for farmers