Search Result for 'tax revenue'

In a remarkable move that was seen as the need of the hour, the Finance Ministry announced a much-needed cut in the rates of corporate taxes at the 37th GST council ...

Congress Party, in its 2019 poll promise, proposed to give INR 72,000 annually to the bottom 20% of the families, which is approximately 5 crores. The total cost of the scheme ...

The toughest job is to make anything simple. If the process and access could be simplified, the leakage from any project, scheme or structure would be minimal. The indirect taxation structure ...

The positive impacts of GST are visible within just one and a half months of implementation. The greater revenue of consumer states like Bihar, Uttar Pradesh, and Madhya Pradesh used to ...

With the aim of an easy and transparent tax regime, the Modi government has tried to move the process online and minimize human interaction. In the last four and a half ...

Piyush Goyal, the Minister of Railways and Coal who is given additional charge of Ministry of Finance and Ministry of Corporate Affairs has urged the tax officials to be taxpayer friendly. ...

In India, we’ve always wanted the best of education and healthcare from our schools while we’ve historically witnessed that the state has been unable to generate adequate resources to provide such ...

In 1971, the Wanchoo Committee was set up to deal with the colossal amount of undisclosed income and the issue of increasing tax base in India. The committee was the first ...

The Central Board of Direct Taxes (CBDT) has stated that income tax returns worth over ₹ 70,000 crore have been issued to taxpayers, and almost all income tax returns claims pending ...

This article has been co-authored by Prachi Patil A Treatise on Goods Service Tax – NDA’s Cornerstone on Taxation Disclaimer: This article is quite heavy and we would request our readers ...

Differences in living conditions and standards are ever-present realities of any country, but are more pronounced in a developing country like India. And even more pronounced in India perhaps, being infamous ...

The Government has notified that the new increased Service Tax of 14% will come into effect from 1st June 2015. So the current rate of 12.36% including the special educational cess ...