Super Rich Tax
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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 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 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
-
India’s Wealthy Pull Out Money From Short-Term Alternative Investment Funds
India’s super-rich withdrew commitments made to hedge funds and other AIFs for the first time in nearly 7 years.
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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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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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Budget 2019: Finance Minister Introduces Two New Super-Rich Tax Categories
Finance Minister Nirmala Sitharaman urged India’s wealthy to make a larger contribution to the nation’s growth.
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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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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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Tax on super rich ought to be revised in full budget: Chidambaram
Mr Chidambaram, who presented an interim budget to Parliament, introduced a surcharge of 10 percent last year on those with taxable incomes of more than Rs 1 crore.
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No shame in high income, Chidambaram tells 'super rich'
Two days after P. Chidambaram announced a 10 per cent surcharge on the income of individuals earning more than Rs. 1 crore in his Budget for 2013, the finance minister told NDTV's Vikram Chandra and Shweta Rajpal Kohli in an interview on Saturday that there is no shame in earning a high income, adding that all high income earners must declare their...
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Budget 2013 seeks to attract investment while maintaining moderate tax rates
With 2014 elections only a year away, this Budget was expected to be populist. Credit should be given to Finance Minister P Chidambaram to have stuck to his own motto of pursuing a clarity in tax laws, a stable tax regime, a non-adversarial tax administration, and a fair mechanism for dispute resolution.
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Higher taxes on super rich will affect biz sentiment: Assocham
Industry chamber Assocham today said any move to impose higher taxes on super rich will hit business sentiment amidst economic slowdown.
-
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 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 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
-
India’s Wealthy Pull Out Money From Short-Term Alternative Investment Funds
India’s super-rich withdrew commitments made to hedge funds and other AIFs for the first time in nearly 7 years.
-
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.
-
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.
-
Budget 2019: Finance Minister Introduces Two New Super-Rich Tax Categories
Finance Minister Nirmala Sitharaman urged India’s wealthy to make a larger contribution to the nation’s growth.
-
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.
-
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.
-
Tax on super rich ought to be revised in full budget: Chidambaram
Mr Chidambaram, who presented an interim budget to Parliament, introduced a surcharge of 10 percent last year on those with taxable incomes of more than Rs 1 crore.
-
No shame in high income, Chidambaram tells 'super rich'
Two days after P. Chidambaram announced a 10 per cent surcharge on the income of individuals earning more than Rs. 1 crore in his Budget for 2013, the finance minister told NDTV's Vikram Chandra and Shweta Rajpal Kohli in an interview on Saturday that there is no shame in earning a high income, adding that all high income earners must declare their...
-
Budget 2013 seeks to attract investment while maintaining moderate tax rates
With 2014 elections only a year away, this Budget was expected to be populist. Credit should be given to Finance Minister P Chidambaram to have stuck to his own motto of pursuing a clarity in tax laws, a stable tax regime, a non-adversarial tax administration, and a fair mechanism for dispute resolution.
-
Higher taxes on super rich will affect biz sentiment: Assocham
Industry chamber Assocham today said any move to impose higher taxes on super rich will hit business sentiment amidst economic slowdown.
