A government can afford to make tough decisions in its early days. Resisting populist concerns, we need long-term reform such as broadening the tax base and removing deductions.
Report released by State Bank of India Monday shows that those at the bottom of India’s tax slabs have seen incomes grow, while the share of 'ultra-rich' in total income has fallen.
An income tax department operation under way for a week and counting has been in the news for seizures described as being34weds among the highest ever.
Data presented in Parliament shows income tax compliance is increasing due to govt making better use of GST data & TDS mechanism, but bulk of tax filers have 0 tax incidence.
Responding to PM Modi’s comments on Uniform Civil Code, Owaisi said HUFs provide tax relief to Hindus. But it has significant downsides, such as being prone to family squabbles.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
COMMENTS