MNC taxation and India’s dilemma
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.
taxation
July 2024
April 2023
March 2023
February 2023
January 2023
December 2021
FY23 direct tax mop up rises 17.63% to ₹16.61 lakh cr
The provisional direct tax collection is higher than the revised estimate at ₹16.50 lakh crore for FY23
Sweet and salty: Centre’s cess and surcharge revenue up 111% in 5 years
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.
Save More Under New Tax Regime
Finance minister has proposed major tax reforms in a push to the new tax regime. Here's how much you can save.
Why the new tax regime is the future: Deloitte
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.
Budget 2023: Allow full tax deduction on home loan interest on one property, says PHDCCI
PHDCCI has suggested several tax measures such as tweaks in Section 54 of I.T. Act to boost the real estate sector.
Budget 2023: Avoid higher taxes, extend presumptive tax to service 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.
Unlisted cos report fall in corporate tax; listed, sharp rise
Corporate tax reported by 8,000 unlisted companies in India dropped by 42% in FY22.
Reduce TDS slabs, avoid disputes, industry tells govt
The wide variety of TDS rates creates confusion for the taxpayers, increases compliance burden, and gives rise to characterisation disputes, says industry chamber CII.
Breather for tax payer; AIS data not for tax calculation: CBDT
The department says tax payers can raise a red flag if they do not agree with any transaction mentioned in AIR.
