Income-tax Act

Niti Aayog meet: Spoke on Mahadayi, mining, says Goa CM

Corporate tax giveaway to have little impact on fiscal goals: Niti Aayog

8:15 pm September 21, 2019

Mumbai : The Rs 1.45- trillion tax giveaway is unlikely to widen fiscal deficit much as the shortfall will be met through increased tax collections due to higher growth which the massive tax cuts are expected to achieve, Niti Aayog Vice Chairman Rajiv Kumar said here on Saturday. On Friday, the government had announced tax cuts for […]

Rajasthan: Around Rs 4.5 crore cash seized from car

Rupee rallies 40 paise on corporate tax cut

7:31 pm September 20, 2019

Mumbai: The Indian rupee on Friday rose by 40 paise to settle at 70.94 to the US dollar after forex market sentiment was buoyed by the government decision to slash corporate taxes. The news of lowering corporate tax rejoiced the equity market as well, but the bond market did not take the announcement very well. […]

Highlights of announcements made by FM

1:39 pm September 20, 2019

Panaji: Following are the highlights of the announcements made by Finance Minister Nirmala Sitharaman on reduction in corporate tax and other fiscal relief measures for the economy to promote growth and investment: * Corporate tax rate has been slashed to 22 per cent for domestic companies not availing any incentives/exemptions; earlier rate 30 per cent […]

Need robust global cooperation to fight cross-border tax evasion, avoidance: FM

Govt slashes corporate tax rates to boost economy, investments

12:16 pm September 20, 2019

The government on Friday slashed the income tax rate for companies (corporate tax) by almost 10 percentage points to 25.17 per cent and offered a lower rate to 17.01 per cent for new manufacturing firms to boost economic growth rate from a six-year low by incentivising investments to help create jobs. Finance Minister Nirmala Sitharaman […]

Delhi-based Kashmiri scribes, over 25 people from Valley were potential spying targets: Report

CBDT notifies creation of special cell for startups

7:55 pm August 30, 2019

New Delhi: The CBDT on Friday notified creation of a five-member special cell to address the grievances of startups with relation to angel tax and other tax-related issues. An order issued by the Central Board of Direct Taxes (CBDT) said the ‘Startup Cell’ will be headed by the member (Income Tax and Computerisation) of the […]

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