Super Rich Tax
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Elon Musk Sells About 930,000 Tesla Shares Worth $1.1 Billion
Tesla CEO Elon Musk sold approximately $1.1 billion (roughly Rs. 8,190 crore) in shares of his electric car company, after indicating over the weekend he would sell 10 percent of his stock based on the results of a Twitter poll.
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Government Brushes Off Tax Officers' Proposal For Coronavirus Tax On Super Rich
Officers of the IRS recommended raising the highest tax rate to 40 percent for people with annual income above Rs 10 million
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Government May Exempt Foreign Investors From Super-Rich Tax: Report
Finance Minister Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2 crore($283,000) by about 3 per cent, and for those earning above Rs 5 croreby 7 per cent.
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Government Planning Tax Relief For Foreign Investors, Says Report
The government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Budget approved by Parliament but heavily criticised, news agency Reuters quoted a government official as saying on Thursday. The development came days after Finance Minister Nirmala Sitharaman said the government would soon hold discussion...
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Sensex, Nifty Drop To Lowest Level In 5 Months: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...
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Sensex Drops 787 Points, Trades Below 37,000 For First Time In 5 Months
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to trade below the 37,000 mark for the first time ...
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Not More Than 5,000 People In Super-Rich Category: Nirmala Sitharaman
Ms Sitharaman said not more than 5,000 people are there in the super rich category in the country and the Union Budget 2019-20 has several measures to help start-ups.
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Sensex, Nifty Stage Worst Day In Two Weeks As Tax On Super Rich Stays
The Sensex fell 560 points or 1.44 per cent to close at 38,337 and the NSE Nifty 50 Index dropped 1.53 per cent or 178 points to settle at 11,419.
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Foreign Investors Can Register As Firms To Get Tax Relief: Nirmala Sitharaman
While presenting the Union Budget for Financial Year 2019-20, Ms Sitharaman proposed to raise surcharge on the super-rich. Those with an annual income between Rs 2 crore and Rs 5 crore would be levied a surcharge of 25 per cent from 15 per cent previously.
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Opinion: Super Rich Tax - A Bad Move Now Being Made Worse
There is, in principle, nothing wrong with richer people paying a bit more in income tax. But when, in her budget speech, Finance Minister Nirmala Sitharaman raised the surcharges on the super-rich, those taxpayers with an annual income of more than Rs 2 crore, it was - like much else with this government - badly thought through.
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Sensex Slumps 900 Points As Markets On Track To Record Worst Day Of 2019
The S&P BSE Sensex and NSE Nifty 50 indexes plunged for a second straight session and were on track to post biggest single-day decline in over nine months after the government proposed to increase the minimum public shareholding in listed companies and to raise the tax incidence for foreign portfolio investors and high net-worth individuals in its ...
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Super Rich Tax Rate Still Lower Than In US, China: Finance Ministry
Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.
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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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Government Raises Surcharge on Income of Super-Rich to 15%
The government today increased the surcharge on the super-rich having an annual income of over Rs one crore by three per cent to 15 per cent.
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Budget: Super Rich Senior Citizens to Take Biggest Hit, Says Report
Individuals with an annual income of above Rs 10 lakh but below Rs 1 crore have emerged as the biggest beneficiaries of the new taxation proposals, if they are aged below 60 years, while the super-rich above this age bracket will be hit the hardest.
-
Elon Musk Sells About 930,000 Tesla Shares Worth $1.1 Billion
Tesla CEO Elon Musk sold approximately $1.1 billion (roughly Rs. 8,190 crore) in shares of his electric car company, after indicating over the weekend he would sell 10 percent of his stock based on the results of a Twitter poll.
-
Government Brushes Off Tax Officers' Proposal For Coronavirus Tax On Super Rich
Officers of the IRS recommended raising the highest tax rate to 40 percent for people with annual income above Rs 10 million
-
Government May Exempt Foreign Investors From Super-Rich Tax: Report
Finance Minister Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2 crore($283,000) by about 3 per cent, and for those earning above Rs 5 croreby 7 per cent.
-
Government Planning Tax Relief For Foreign Investors, Says Report
The government is likely to exempt foreign portfolio investors from an increase in taxes that was part of the Budget approved by Parliament but heavily criticised, news agency Reuters quoted a government official as saying on Thursday. The development came days after Finance Minister Nirmala Sitharaman said the government would soon hold discussion...
-
Sensex, Nifty Drop To Lowest Level In 5 Months: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...
-
Sensex Drops 787 Points, Trades Below 37,000 For First Time In 5 Months
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to trade below the 37,000 mark for the first time ...
-
Not More Than 5,000 People In Super-Rich Category: Nirmala Sitharaman
Ms Sitharaman said not more than 5,000 people are there in the super rich category in the country and the Union Budget 2019-20 has several measures to help start-ups.
-
Sensex, Nifty Stage Worst Day In Two Weeks As Tax On Super Rich Stays
The Sensex fell 560 points or 1.44 per cent to close at 38,337 and the NSE Nifty 50 Index dropped 1.53 per cent or 178 points to settle at 11,419.
-
Foreign Investors Can Register As Firms To Get Tax Relief: Nirmala Sitharaman
While presenting the Union Budget for Financial Year 2019-20, Ms Sitharaman proposed to raise surcharge on the super-rich. Those with an annual income between Rs 2 crore and Rs 5 crore would be levied a surcharge of 25 per cent from 15 per cent previously.
-
Opinion: Super Rich Tax - A Bad Move Now Being Made Worse
There is, in principle, nothing wrong with richer people paying a bit more in income tax. But when, in her budget speech, Finance Minister Nirmala Sitharaman raised the surcharges on the super-rich, those taxpayers with an annual income of more than Rs 2 crore, it was - like much else with this government - badly thought through.
-
Sensex Slumps 900 Points As Markets On Track To Record Worst Day Of 2019
The S&P BSE Sensex and NSE Nifty 50 indexes plunged for a second straight session and were on track to post biggest single-day decline in over nine months after the government proposed to increase the minimum public shareholding in listed companies and to raise the tax incidence for foreign portfolio investors and high net-worth individuals in its ...
-
Super Rich Tax Rate Still Lower Than In US, China: Finance Ministry
Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.
-
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...
-
Government Raises Surcharge on Income of Super-Rich to 15%
The government today increased the surcharge on the super-rich having an annual income of over Rs one crore by three per cent to 15 per cent.
-
Budget: Super Rich Senior Citizens to Take Biggest Hit, Says Report
Individuals with an annual income of above Rs 10 lakh but below Rs 1 crore have emerged as the biggest beneficiaries of the new taxation proposals, if they are aged below 60 years, while the super-rich above this age bracket will be hit the hardest.
