Budget 2024: Interpreting tax clauses crucial for success of MFN
How differences lead to disputes lasting years.
How differences lead to disputes lasting years.
India is left with no funding option to mobilise more resources and no growth engine to rely on except government capex to boost growth in FY25 and later.
The provisional direct tax collection is higher than the revised estimate at ₹16.50 lakh crore for FY23
The central government expects the total revenue from cess and surcharge for FY23 to be ₹3,55,320 crore, a drop of 22% compared to the previous financial year.
Finance minister has proposed major tax reforms in a push to the new tax regime. Here's how much you can save.
The new tax regime will be the default one while citizens will have the option to be in the old tax regime that operates on exemptions.
PHDCCI has suggested several tax measures such as tweaks in Section 54 of I.T. Act to boost the real estate sector.
Speaking at Fortune India’s pre-budget roundtable, Congress party spokesperson Gourav Vallabh called for the introduction of wealth tax and market capitalisation based taxation.
Corporate tax reported by 8,000 unlisted companies in India dropped by 42% in FY22.
The wide variety of TDS rates creates confusion for the taxpayers, increases compliance burden, and gives rise to characterisation disputes, says industry chamber CII.