taxes - Latest News, Analysis, Opinion

Latest Articles in taxes

Rationalisation Of Provisions To Reduce Litigation, Compliance Burden: CBDT Member

Pragya Sahay Saksena says that the proposals of the budget will give a boost to making India a digital economy. The reduction in the rate of surcharge has been widely appreciated by all

Tax Loss From Illicit Trade Jumped 163% Over 10-years: Report

BW Online Bureau

Economy India

FICCI CASCADE Urges government to launch a robust international campaign against smuggling

Two-thirds Taxpayers Likely To Shift To New Regime In 2023-24 Itself: CBDT Chief

BW Online Bureau

Economy

We have left it to the tax payers as to how many people will shift to the new tax regime, he adds

Rethinking Virtual Digital Assets & Taxation

Srinath Sridharan

Opinion Columns

High taxation won’t only break the backbone of a startup sector and its investor-users, but might drive it to other welcoming economies

Incentives To Manufacturing, Cut In Taxes Amongst Major Budget Expectations Of India Inc

BW Online Bureau

Economy

As per the survey, industry people want a boost to the infrastructure and housing sector as well as giving further incentives to the companies to hire more people

Stable Taxes Critical for Survival of FCV Tobacco Growers

BW Online Bureau

Companies & Markets

Federation of All India Farmer Associations (FAIFA), a non-profit organization representing the cause of millions of farmers and farmworkers of commercial crops wants Policy Makers not to put additional tax burden on tobacco crop

Excise Duty On Petrol Was Rs 9.48/ltr, Diesel Rs 3.56 In 2014: Rameswar Teli

BW Online Bureau

Economy

The Union government earned Rs 1.72 lakh crore from the petroleum sector in duties and taxes in the 2014-15 fiscal, which rose to over Rs 4.92 lakh crore in 2021-22, says Minister of State for Petroleum and Natural Gas, Rameswar Teli.

Need To Reduce Taxes On Oil: CII President

BW Online Bureau

Economy

One of our prime constituents of inflation is oil. We've seen the rise on the ground of oil prices resulting in petrol prices. We've seen the impact on inflation and this needs to be urgently addressed said Sanjiv Bajaj, President of CII

BP Expects To Pay Up To 1 Bn Pounds In UK Taxes In 2022

BW Online Bureau

Energy & Infra

Energy prices in Britain have hit record highs this year leading to repeated calls from the opposition Labour Party for a windfall tax on producers of North Sea oil and gas to help pay for support for people struggling with energy bills

Religion of a Corporate/Business Entity

Ashutosh Joshi

Opinion Columns

Hoping that Business Owners, HRD specialists will take cognisance and a practical, business friendly policy and guidelines would be adopted.

Want To Pay Taxes Through Your Bank? Here Are Details

BW Online Bureau

Banking & Finance

Kotak Mahindra Bank became the first scheduled private bank to be allowed by the government to collect direct and indirect taxes from the customers.

Optimizing Your Taxes with New-Age Employee Benefits

Prashant Maheshwari

Opinion Columns

When it comes to optimizing taxes and post-tax returns, the Finance Act – an annually enacted fiscal legislation, plays a critical role. Learning about it is essential as it includes new provisions, exemptions, and reliefs pertaining to your income taxes. The Government of India introduced a two-tax regime under the Finance Act 2020, giving taxpayers the option of choosing between two different regimes.