Sunday, 3 July, 2022
TopicCorporate tax

Topic: corporate tax

Covid, lower rates push corporate tax collections below personal tax for first time in years

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.

Why tax and spend could be the new mantra for Modi government

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 decline 22% in April-September, at one-fourth of full year target

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.

The world is losing $200 billion a year because of tax havens

New research suggests 10% of the world's largest multinational firms are responsible for 98% of profits shifting to tax havens.

Modi says action against corruption isn’t a govt crackdown on corporate

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.

Corporate tax cut was designed to attract investment, generating jobs: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman made the statement as she moved the Taxation Laws (Amendment) Bill, 2019 for consideration and passage in Lok Sabha.

Manmohan Singh right about fear? Industrialists hailed corporate tax cut but silent now

PM Manmohan Singh has cited fear in Indian society as one of the factors responsible for the slowdown in economy.

Income Tax dept to seek Rs 1 trillion cut in tax collection targets

The government set a tax collection target of Rs 13.8 lakh crore during the interim budget in February, which was revised to Rs 13.35 lakh crore when budget was presented in July.

Soumya Kanti Ghosh says RCEP ‘no pact for India’, Ajit Ranade calls the move ‘defensive’

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

Tax collected until September is just 37% of full-year target — lowest since 2014-15

According to the Controller General of Accounts, tax collection until September is 2.6% lower than last year — a sign that slowdown is affecting govt revenues.

On Camera

YourTurn

Richard Hadlee, the speedster who could cast a ‘spell’ even on slow, spinning Indian wickets

Richard Hadlee shares his birthday with his partner-in-crime Ewen John Chatfield. Together, they formed one of the greatest fast-bowling partnerships of all time.
The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

File photo of Prime Minister Narendra Modi and Egyptian president Abdel Fattah Al Sisi on the latter's first visit to India | Photo: Twitter/@narendramodi

India and Egypt work towards building strategic relationship with focus on defence & security

From holding joint military exercises to exporting wheat as Russia and Ukraine stop supplies, New Delhi and Cairo are redrawing their relationship as geopolitical tensions rise.    

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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