Search For "tax regime"
Budget 2023: Income tax rebate limit increased, no tax on income up to Rs
Updated : 3 years, 4 months ago IST
In her Budget speech finance minister Nirmala Sitharaman also proposed to change the tax structure in this regime by reducing the number of slabs to 5 and increasing the tax exemption limit to Rs 3 lakh.
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Sri Lanka's low tax regime causes adverse spillover effects over economy
Updated : 4 years ago IST
Colombo [Sri Lanka], May 31 (ANI): Due to the introduction of a low tax regime in 2019 followed by the impact of COVID-19 on the country's revenue, Sri Lanka's economic outlook continues to be in a vulnerable state as the Island nation is facing the worst economic meltdown in its history.
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CBDT signs 62 Advance Pricing Agreements in FY 2021-22
Updated : 4 years, 2 months ago IST
New Delhi [India], March 31 (ANI): The Central Board of Direct Taxes (CBDT) has entered into 62 Advance Pricing Agreements (APA), which seeks to provide certainty to taxpayers in the field of transfer pricing through an agreement in advance, in the financial year 2021-22, the Union Finance M
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Such tax regime would destroy country's indigenous textile sector: TDP lea
Updated : 4 years, 2 months ago IST
Amaravati (Andhra Pradesh) [India], March 5 (ANI): TDP National General Secretary Nara Lokesh on Saturday wrote to Union Finance Minister Nirmala Sitaraman and urged her to exempt the handloom sector from the GST regime.
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Thrust of tax proposals in Budget is to simplify processes, reduce litigat
Updated : 4 years, 3 months ago IST
New Delhi [India], February 2 (ANI): The thrust of tax proposals announced in the Union Budget 2022-23 is to simplify processes, reduce litigation and provide a stable tax regime, JB Mohapatra, Chairman, Central Board of Direct Taxes (CBDT) said on Wednesday.
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RIP GST; BJP converted it into bad law: Chidambaram
Updated : 4 years, 12 months ago IST
New Delhi [India], June 2 (ANI): Former Union Finance Minister and senior Congress leader P Chidambaram on Wednesday slammed the BJP-led Centre over the issue of Goods and Services Tax (GST) and alleged it has converted the tax regime into a bad law.
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Law Committee of GST Council to meet on Wednesday to discuss fake invoices
Updated : 5 years, 6 months ago IST
New Delhi [India], November 16 (ANI): An urgent meeting of the Law Committee of the Goods and Service Tax (GST) Council has been convened on Wednesday here in New Delhi to discuss in detail the issue of fake invoices to claim input tax credit under the indirect tax regime.
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FM Sitharaman launches INR-USD F&O contracts on BSE, NSE
Updated : 6 years ago IST
New Delhi [India], May 8 (ANI): Finance Minister Nirmala Sitaraman on Friday launched INR-USD futures and options contracts on the two international exchanges BSE's India INX and NSE's NSE-IFSC at GIFT International Financial Services Centre in Gandhinagar through video conference.
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Budget proposes wide-ranging facilitation measures in direct tax regime
Updated : 6 years, 4 months ago IST
New Delhi [India], Feb 1 (ANI): The Union Budget 2020-21 has proposed a new scheme called 'Vivad Se Vishwas' (no dispute but trust) which aims at reducing litigations in the direct taxes payments.
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GST has resulted in efficiency gains in transport, logistics sector: Sitha
Updated : 6 years, 4 months ago IST
New Delhi [India], Feb 1 (ANI): Finance Minister Nirmala Sitharaman on Saturday hailed the Goods and Services Tax (GST), saying that the new tax regime has resulted in efficiency gains in transport and logistics sector.
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Film Industry is suffering because of GST, says Kamal Haasan
Updated : 6 years, 4 months ago IST
Madurai (Tamil Nadu) [India], Jan 12 (ANI): Actor-turned-politician, Kamal Haasan on Saturday said that film industry is suffering because of Goods and Services Tax (GST) and had taken his warning against the new tax regime, lightly.
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WB FM Amit Mitra irked over delay in making compensation payment, seeks re
Updated : 6 years, 5 months ago IST
New Delhi [India], Dec 18 (ANI): West Bengal Finance Minister Amit Mitra on Wednesday hit out at the Central government while raising the issue of Goods and Services Tax (GST) compensation paid to States and demanded a review of the new tax regime.
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