Topic: taxpayers
Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner
The move comes as the Modi government aims to widen the tax base by using data of high value transactions to look for tax evaders.
‘Too much government, too little governance’ — new book decodes India’s private republics
Shankkar Aiyar's The Gated Republic, by Harper Collins, will be released on 20 June on SoftCover, ThePrint’s new e-venue to launch select non-fiction books.
Agri to infra, Budget 2020 takes a calculated path to revive demand, boost economic growth
The underlying assumption in the Budget’s economic strategy is that the Indian economy appears to have bottomed out and is expected to pick up in 2020-21.
Lower income tax rates but no deductions — Modi govt creates optional second tax system
Taxpayers will have to forego Rs 1.5 lakh savings deduction and Rs 2 lakh interest deduction on home loans, among others, to avail new income tax rates.
Deadline for filing income tax returns extended to 31 August
The government on Tuesday extended by a month the due date for filing IT returns for the financial year 2018-19.
45% increase in e-filing by taxpayers who earn less than Rs 10 lakh a year
The sharp increase in tax filers in the lower income slabs can be mainly attributed to government’s decision to start penalising late filers.
Stigmatise and shame nations that keep nukes if treaties are futile in banning them
Stigma could, in time, turn domestic opinion in China, sway public attitudes in Russia, India & elsewhere, or even bring the U.S. back to the arms-control negotiating table.
Wellness, watches & even weed — What the future holds for luxury retail
Covid has made 2020 the worst year for the global luxury market in modern history, but it is also why health is likely to be the ultimate luxury product in the next decade.
Defence
India, China working on Ladakh peace formula — alternate week patrolling, after disengagement
Patrolling in alternate weeks has been the established practice in the Northeast, and has worked well, barring the occasional face-off.
If Modi is a true reformer, he’ll bury Vodafone ghost and campaign on reforms in Bihar
No politician sees economic reform as a vote-catcher; it’s the old, povertarian economy that gets votes. Can Modi bring farm and labour reforms centre-stage?