The I-T dept Thursday released time-series data on direct tax collections between 2000-01 & 2023-24, showing an increasing reliance on direct taxes versus indirect taxes.
Speaking at an event in Delhi, US Ambassador to India Eric Garcetti adds 'FDI isn't flowing into India at pace it should' & New Delhi must not view its self-reliance as 'fortress'.
The GST council must incorporate suitable provisions under the GST law to empower taxpayers to immediately remove disruptions in smooth flow of goods due to discretionary powers of authorities.
India's attractiveness as an investment destination is not based on its low tax rates. Give the super-rich basic amenities in return for the higher tax and they'll stay and pay.
Corporate tax collections levied on profits of firms contracted 18% in 2020-21 to a 5-year low. There has been a sharp fall in firms filing tax returns for income ranges of above Rs 5 lakh.
Like all fashion, intellectual fashion too moves in circles. With economic disruption, growing inequality, & lack of government resources, economic practice is coming full circle.
Tax revenues declined 22 per cent from the year-ago period to Rs 4.58 lakh crore and were at 28 per cent of the full year target of Rs 16.36 lakh crore in the April-September period.
PM Modi, whose govt has set a $5 trillion economy target by 2024, asked India Inc to shun pessimism and assured them of govt support in its attempts to expand.
Finance Minister Nirmala Sitharaman made the statement as she moved the Taxation Laws (Amendment) Bill, 2019 for consideration and passage in Lok Sabha.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
The govt must hike the corporate tax steeply. Corporates are not investing. Neither are they creating enough jobs for the labour force.
They simply do not deserve the low tax rate they have enjoyed over the last 10 years under the BJP govt. It’s high time the govt hikes it.
The govt must hike the corporate tax steeply. Corporates are not investing. Neither are they creating enough jobs for the labour force.
They simply do not deserve the low tax rate they have enjoyed over the last 10 years under the BJP govt. It’s high time the govt hikes it.