Tax Laws
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Your Salary, Tax, And Job Exit Rules Change From 1 April. Are You Ready?
A new two-day Full and Final settlement mandate ends the decades-old practice of making departing employees wait weeks for their dues.
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Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
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India Had Its Own Inheritance Tax Till 1985. Why It Was Abolished
Indian Overseas Congress chief Sam Pitroda's remarks on the US's inheritance tax have sparked a political whirlpool here in India amid the ongoing Lok Sabha elections.
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Tax Laws Can't Be Tested On Same Principles As Civil Rights: Supreme Court
Taxing statutes cannot be tested on the same principles as laws affecting civil rights and lawmakers should be given "greater latitude" while testing these legislations, the Supreme Court said on Friday.
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Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
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New US Tax Law Brings Warren Buffett A Nice Cheque: $29 Billion
Berkshire Hathaway, the holding company of US billionaire investor Warren Buffett, received a stunning $29 billion check last year from the US government, thanks to a new tax law that massively lowered corporate tax rates.
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Government Constitutes 6-Member Panel To Redraft Income Tax Law
Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force.
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Businesses Related To Mayawati's Brother Anand Kumar Surveyed By Taxmen
The Income Tax department today launched multiple survey operations at nearly a dozen premises of businesses and firms linked to Anand Kumar, brother of Bahujan Samaj Party chief Mayawati.
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Taxmen Won't Need Reason To Raid After Changes To Law: 10 Points
Tax raids based on unsubstantiated rumours or simply suspicion will be legit after the government's tweaks to the Income Tax law. But the changes will be effective retrospectively in an apparent turnaround by the government despite its promise not to do so. The amendment to Section 132 of the Income Tax Act dealing with searches by taxmen says that...
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For Tax Raids, Reason Need Not Be Revealed After Retrospective Change To Law
Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.
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Government Returning 50 Per Cent Black Money To Hoarders: Rahul Gandhi
Congress vice-president Rahul Gandhi today accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them.
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Government Plans Nearly 60% Tax On Unaccounted For Deposits In Banks: Sources
The Cabinet tonight is believed to have discussed amending laws to levy close to 60 per cent income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes.
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Government Sets Up Panel to Simplify Income Tax Laws
The Indian government on Tuesday set up a high-level committee under a former Delhi High Court judge to suggest simplification of Income Tax laws, a report that could form basis for tinkering with the controversial retrospective applicability of tax.
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Cooperating With Indian Authorities on Swiss Account Probe: HSBC
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
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Finance Minister Arun Jaitley on NDTV Townhall: Full Transcript
Finance Minister Arun Jaitley at NDTV Townhall takes questions from students and eminent personalities alike on the performance of the 11-month-old Modi government and controversies surrounding their lawmakers.
-
Your Salary, Tax, And Job Exit Rules Change From 1 April. Are You Ready?
A new two-day Full and Final settlement mandate ends the decades-old practice of making departing employees wait weeks for their dues.
-
Top Tax Authority CBDT Forms Panel To Review Income Tax Law
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.
-
India Had Its Own Inheritance Tax Till 1985. Why It Was Abolished
Indian Overseas Congress chief Sam Pitroda's remarks on the US's inheritance tax have sparked a political whirlpool here in India amid the ongoing Lok Sabha elections.
-
Tax Laws Can't Be Tested On Same Principles As Civil Rights: Supreme Court
Taxing statutes cannot be tested on the same principles as laws affecting civil rights and lawmakers should be given "greater latitude" while testing these legislations, the Supreme Court said on Friday.
-
Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
-
New US Tax Law Brings Warren Buffett A Nice Cheque: $29 Billion
Berkshire Hathaway, the holding company of US billionaire investor Warren Buffett, received a stunning $29 billion check last year from the US government, thanks to a new tax law that massively lowered corporate tax rates.
-
Government Constitutes 6-Member Panel To Redraft Income Tax Law
Chief Economic Adviser Arvind Subramanian will be a permanent special invitee in the task force.
-
Businesses Related To Mayawati's Brother Anand Kumar Surveyed By Taxmen
The Income Tax department today launched multiple survey operations at nearly a dozen premises of businesses and firms linked to Anand Kumar, brother of Bahujan Samaj Party chief Mayawati.
-
Taxmen Won't Need Reason To Raid After Changes To Law: 10 Points
Tax raids based on unsubstantiated rumours or simply suspicion will be legit after the government's tweaks to the Income Tax law. But the changes will be effective retrospectively in an apparent turnaround by the government despite its promise not to do so. The amendment to Section 132 of the Income Tax Act dealing with searches by taxmen says that...
-
For Tax Raids, Reason Need Not Be Revealed After Retrospective Change To Law
Tax raids based on an unsubstantiated rumour or suspicion is legit after the government has made changes to law retrospectively, going back on its own promise not to do so.
-
Government Returning 50 Per Cent Black Money To Hoarders: Rahul Gandhi
Congress vice-president Rahul Gandhi today accused the government of helping black money hoarders with the amendment to the income tax law, saying half of the unaccounted cash would now be returned to them.
-
Government Plans Nearly 60% Tax On Unaccounted For Deposits In Banks: Sources
The Cabinet tonight is believed to have discussed amending laws to levy close to 60 per cent income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes.
-
Government Sets Up Panel to Simplify Income Tax Laws
The Indian government on Tuesday set up a high-level committee under a former Delhi High Court judge to suggest simplification of Income Tax laws, a report that could form basis for tinkering with the controversial retrospective applicability of tax.
-
Cooperating With Indian Authorities on Swiss Account Probe: HSBC
Facing a probe by Indian authorities into accounts held by Indians in Switzerland, global banking giant HSBC on Monday said it is cooperating with the authorities.
-
Finance Minister Arun Jaitley on NDTV Townhall: Full Transcript
Finance Minister Arun Jaitley at NDTV Townhall takes questions from students and eminent personalities alike on the performance of the 11-month-old Modi government and controversies surrounding their lawmakers.
