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Friday, April 26, 2024
TopicTax

Topic: tax

India is outsourcing its tax burden to companies. Better for Modi government, not taxpayers

It is important for the government to now reassess what it wants to keep with itself and what it wants to hand over to the private sector.

Govt working to ensure TCS rate hike does not result in cash-flow problems, says CEA Nageswaran

Attempts are being made to link TCS with the tax deducted from taxpayers’ salaries. The CEA also backs the govt’s rationale for raising TCS rate to 20%

No TCS on foreign debit & credit card transactions up to Rs 7 lakh, clarifies Union govt

Prior to the clarification, all such non-medical, non-educational transactions would've attracted 20% TCS from 1 July. Govt imposing TCS on foreign credit card spends was widely criticised.

GST revenue rises by 13% to Rs 1.60 lakh cr in March, second highest collection ever

The total collection for 2022-23 fiscal year stands at Rs 18.10 lakh crore, 22 per cent higher than the previous year. The average gross monthly collection for the year is Rs 1.51 lakh crore.

Bad news for Pakistan’s rich. Shehbaz Sharif budget will tax them, ban car imports

Pakistan finance minister's support for Shehbaz Sharif govt's call to tax the rich is a relief to those who were promised it during Imran Khan's reign.

Nangeli — the forgotten Dalit woman who stood up against Travancore’s ‘breast tax’

In 'Her Stories: Indian Women Down the Ages’, Deepti Priya Mehrotra recounts women from Indian history whose contributions have been all but forgotten.

How GST is killing small businesses with inspector raj and suffocating compliance

GST was supposed to create a unified market. The opposite is happening with small businesses being harassed with invoice and payments.

To make babies or not? That’s the dilemma in China as cost of raising kids soars & soars

The cost of childcare in China is now higher than US, France, Japan and Germany. Thanks to years of state-driven one-child policy and falling fertility rate.

ZyCov-D a welcome addition to India’s vaccine basket. Follow the science on mixing boosters now

ThePrint view on the most important issues, instantly.

GST law brought a drastic change. But only a digital GSTAT can be the model for tribunals

The GSTAT would be outside the GST authorities' control. It can protect taxpayers’ rights and revenue interests of the govt.

On Camera

BJP has a problem of plenty in Phase 2. It can only go down from that

BJP’s fate in the second phase of 2024 Lok Sabha election will be decided in Karnataka, Rajasthan, and Maharashtra, where it performed very well in 2019 but faces a stiff competition now.

Kotak Mahindra Bank shares drop 10% after RBI bans it from taking new customers via digital channels

The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.

Rafale to Exercise Garuda, a look at Indo-French defence ties as Chief of Defence Staff visits France

Another addition to military cooperation has been the Strategic Space Dialogue, inaugurated in Paris in 2023. Last month, India participated as an observer to France’s AsterX.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.