Page 9 - Taxpayers

I-T dept pares relief to taxpayers as revenue mop-up thins amid lockdown

The directive has come in the wake of a significant drop in the direct tax collection in the first quarter of the FY21

Trustees of PM CARES appoint SARC & Associates as auditor of fund

Opposition parties have questioned how the PM CARES Fund is being kept out of the audit purview of the Comptroller and Auditor General (CAG).

CBDT orders tax officials to not issue scrutiny notices to taxpayers

Move comes after a group of IRS created panic and tax policy uncertainty

Rs 5,575-cr indirect tax refunds processed since March 30, says CBIC

Earlier, the tax body had initiated a measure to help GST return filers by facilitating early refund of input tax credit

I-T dept releases Rs 5,200 cr refunds to over 800,000 small businesses

Further refunds of about Rs 7,760 cr to be made soon, GST refund claims of Rs 3,800 cr also processed

Covid-19 lockdown: No coercion on taxpayers to pay up, clarifies FinMin

Income-Tax department had asked field formations to contact taxpayers over phone or email to follow up on pending collections

Vivad se Vishwas: Let this be the last scheme

We need innovative solutions to address tax litigation

Rationalise GST now

Counteract coronavirus supply shock with tax reform

Banks, depositors, taxpayers

Depositors are a subset of taxpayers. A depositor also pays tax. So what he gains as a depositor he may well be losing as a taxpayer

GST portal glitches to dominate agenda of Council meeting on Saturday

States may ask Infosys to have a point of contact; IT firm chairman Nilekani to a presentation on Saturday

CBDT asks govt to tell PSUs to opt for 'Vivad se Vishwas' scheme

So far, no PSU has shown interest in the scheme

The Keynesano virus

So what should be done? Quite simply, we have to now discard the Keynesian solution

Britain spent 4.4 billion pounds of taxpayers' money to prepare for Brexit

The National Audit Office said in a report that most of the money was spent on staff costs, building new infrastructure and paying for external advice

I-T department approaches 5,627 entities to avail Vivad se Vishwas scheme

Of this, a total 1,730 assessees, involving a tax demand of Rs 1, 578 crore, have agreed to come under the scheme

About 92% of large taxpayers filed annual returns for 2017-18: GSTN

The data shows that the number of taxpayers with a turnover of more than Rs 2 crore is 12.42 lakh, which is only 13.4 per cent of the total 92.58 lakh regular taxpayers.

Best of BS Opinion: Why only 15 mn pay tax, Delhi's regional party and more

Here's a selection of Business Standard Opinion pieces for the day

Yes, only 15 million Indians pay tax; but who is to blame for this?

It is Mr Modi's govt that has added to the problem, and it can resolve it, only if it has the stomach to ignore the inevitable howls of protest from a very vocal middle class, writes T N Ninan

FM Nirmala Sitharaman to table 'Vivad se Vishwas' Bill in Lok Sabha today

Taxpayers whose tax demands are locked in dispute in multiple forums can pay due taxes by March 31

Budget 2020: Need for an independent council to mediate with taxpayers

It is important to introduce an efficient dispute resolution mechanism to ease the pain of an overburdened dispute resolution machinery

Budget 2020: Will taxpayer's charter help bridge trust deficit?

India is often viewed as an aggressive tax jurisdiction by domestic and overseas taxpayers, and making the charter as part of the Act may help restore confidence among taxpayers