Changes In Tax Structure
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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
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Nirmala Sitharaman Says New Tax Regime More Attractive After Budget 2023
Finance Minister Nirmala Sitharaman on Wednesday said the government has made the new income tax regime more attractive for taxpayers and has thus brought about 'substantial changes' in its structure for the benefit of the middle class.
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Budget 2023: Widen Tax Base, Do Away With Cess, Surcharges, Say Experts
Poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation,Think Change Forum (TCF), a think tank said.
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Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
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Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
-
Income Tax Returns (ITR): All You Need To Know In 10 Points
Income tax returns (ITR) filing is a must for everyone, even if your tax liability is zero and your income is well below the taxable limit provided by the government. There was no change to the tax structure in the latest Union Budget, carrying forward from last year the rates and the income tax slab limits.
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New Tax Regime Will Benefit Certain Brackets, Says Nirmala Sitharaman
With experts terming the new tax regime complex and unavailing, Finance Minister Nirmala Sitharaman on Sunday said the new structure will definitely benefit taxpayers in certain brackets, and more clarification will be issued by the government, if needed.
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Corporate Tax Cut To 25.2% To Spur Growth, Markets Celebrate: 10 Points
The centre on Friday reduced corporate tax on domestic firms in a bid to boost the sluggish economy, hurt by slowing demand across sectors, especially manufacturing that is among the highest contributors to the Gross Domestic Product (GDP). The markets immediately rose after the announcement by Finance Minister Nirmala Sitharaman, with the S&P BSE ...
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Budget 2019: Government Proposes To Enhance Surcharge On Super Rich, No Changes In Income Tax Structure
Finance Minister Nirmala Sitharaman announced no changes in the income tax structure in the first Budget of Prime Minister Narendra Modi's second term. Leaving the income tax slabs and rates intact, Ms Sitharaman however proposed to enhance the surcharge on the super rich. The government enhanced the surcharge on individuals having taxable income a...
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After Paradise Papers Leak, Apple Says No Operations Were Moved From Ireland
Apple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 were specially designed to preserve tax payments to the United States, and not to reduce taxes anywhere else.
-
GST Rates Need Changes, Will Take A Year To Stabilise: Revenue Secretary
Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said.
-
India Has High Growth Potential For Next 2 Decades, Says Arun Jaitley
Finance Minister Arun Jaitley said on Friday that India has the potential to grow at a reasonably high level in the next decade or two, citing structural changes by the government and a turnaround in the global economy.
-
Key GST Changes Expected For Relief To Businesses Today: 10 Points
A day-long meeting of the powerful GST council to revisit compliance rules for businesses and make what have been described as "structural changes" in the new national tax regime, has concluded. The review comes after feedback and complaints from businesses and amid criticism from the opposition over the way GST has been implemented. The focus toda...
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GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
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GST Launch Now Hours Away. How It Impacts You, In 10 Points
The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...
-
Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
-
Nirmala Sitharaman Says New Tax Regime More Attractive After Budget 2023
Finance Minister Nirmala Sitharaman on Wednesday said the government has made the new income tax regime more attractive for taxpayers and has thus brought about 'substantial changes' in its structure for the benefit of the middle class.
-
Budget 2023: Widen Tax Base, Do Away With Cess, Surcharges, Say Experts
Poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation,Think Change Forum (TCF), a think tank said.
-
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
-
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
-
Income Tax Returns (ITR): All You Need To Know In 10 Points
Income tax returns (ITR) filing is a must for everyone, even if your tax liability is zero and your income is well below the taxable limit provided by the government. There was no change to the tax structure in the latest Union Budget, carrying forward from last year the rates and the income tax slab limits.
-
New Tax Regime Will Benefit Certain Brackets, Says Nirmala Sitharaman
With experts terming the new tax regime complex and unavailing, Finance Minister Nirmala Sitharaman on Sunday said the new structure will definitely benefit taxpayers in certain brackets, and more clarification will be issued by the government, if needed.
-
Corporate Tax Cut To 25.2% To Spur Growth, Markets Celebrate: 10 Points
The centre on Friday reduced corporate tax on domestic firms in a bid to boost the sluggish economy, hurt by slowing demand across sectors, especially manufacturing that is among the highest contributors to the Gross Domestic Product (GDP). The markets immediately rose after the announcement by Finance Minister Nirmala Sitharaman, with the S&P BSE ...
-
Budget 2019: Government Proposes To Enhance Surcharge On Super Rich, No Changes In Income Tax Structure
Finance Minister Nirmala Sitharaman announced no changes in the income tax structure in the first Budget of Prime Minister Narendra Modi's second term. Leaving the income tax slabs and rates intact, Ms Sitharaman however proposed to enhance the surcharge on the super rich. The government enhanced the surcharge on individuals having taxable income a...
-
After Paradise Papers Leak, Apple Says No Operations Were Moved From Ireland
Apple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 were specially designed to preserve tax payments to the United States, and not to reduce taxes anywhere else.
-
GST Rates Need Changes, Will Take A Year To Stabilise: Revenue Secretary
Some rejig in GST rate structure is required to reduce the burden on small and medium businesses, Revenue Secretary Hasmukh Adhia has said.
-
India Has High Growth Potential For Next 2 Decades, Says Arun Jaitley
Finance Minister Arun Jaitley said on Friday that India has the potential to grow at a reasonably high level in the next decade or two, citing structural changes by the government and a turnaround in the global economy.
-
Key GST Changes Expected For Relief To Businesses Today: 10 Points
A day-long meeting of the powerful GST council to revisit compliance rules for businesses and make what have been described as "structural changes" in the new national tax regime, has concluded. The review comes after feedback and complaints from businesses and amid criticism from the opposition over the way GST has been implemented. The focus toda...
-
GST Cess: Diesel Maruti Suzuki Ciaz, Ertiga Prices Not Affected
The Ciaz diesel features a technology called SHVS or Smart Hybrid Vehicle System that classifies the sedan as a hybrid car and not just standard internal combustion engine automobile. All hybrid cars are classified at 43 per cent total GST which includes 28 per cent GST and 15 per cent cess that was originally levied on cars when the new tax struct...
-
GST Launch Now Hours Away. How It Impacts You, In 10 Points
The historic GST or goods and services tax will be launched midnight at a function in Central Hall of Parliament. The biggest tax reform since Independence will change the indirect tax landscape of the country, subsuming over a dozen central and state taxes. GST embodies the principle of "one nation, one tax, one market", unifying the country's $2 ...
