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Corporate Tax
Business  /  Published 14.08.22

Corporate tax kitty up 34%

Tax collected on the income of companies surged 34 per cent in the first four months of the current fiscal, indicating that a simplified tax regime with low rates is yielding results, the income tax d...
By PTI in New Delhi

Business  /  Published 12.08.22

Corporate tax mop up grows 34%

The income tax department on Friday said corporate tax collections in the first four months of the current fiscal have grown 34 per cent over the year-ago period. During 2021-22 fiscal, corporate tax...
By PTI in New Delhi

Business  /  Published 19.03.22

More time to file 22% tax form

Many Indian businesses which claimed the benefit of lower rate in their corporate tax returns have not filed the specified form separately in this regard, leading to hardships. The CBDT said in a sta...
By R. Suryamurthy in New Delhi

Business  /  Published 31.01.22

A strong case for some tax breaks, procedural tweaks

Another Budget is round the corner — and once again both the common man and Indian industry have started to hope that the government will display the resolve to initiate the next wave of reforms...
By Dinesh Agarwal, Sidhartha Jain

World  /  Published 31.10.21

G20 endorses plan to block firms' tax havens

President Biden and other world leaders endorsed a landmark global agreement on Saturday that seeks to block large corporations from shifting profits and jobs across borders to avoid taxes, a showcase...
By Jim Tankersley, Alan Rappeport in Rome

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India  /  Published 06.10.21

India 'very close' on global minimum tax

Finance Minister Nirmala Sitharaman on Wednesday said India is "very close" to arriving at the specifics of the two-pillar taxation proposition at the G20 and is in the last stage of finalis...
By Our Bureau, PTI in New Delhi

Business  /  Published 11.07.21

Global tax overhaul gains pace

Global leaders on Saturday agreed to move ahead with what would be the most significant overhaul of the international tax system in decades, with finance ministers from the world’s 20 largest ec...
By Alan Rappeport in Venice

Opinion  /  Published 06.07.21

Taxing plan

The G7 countries are mooting to subject large businesses to a global minimum corporate tax rate on a country-by-country basis. According to the G7, subjecting companies to a minimu...
By Ashish Goel, Shilpa Goel

Business  /  Published 03.07.21

Glitches in global tax fineprint

India has finally spelt out its stance on the minimum global corporate tax. The finance ministry on Friday said some significant issues relating to the extent to which India can tax multinationals &md...
By Our Special Correspondent in New Delhi

Business  /  Published 01.07.21

India demurs on global tax

The minimum tax is designed to prevent countries such as Singapore and Ireland which have lower tax rates to draw multinationals to set up regional bases. It will be a while before the 139 nations agr...
By R. Suryamurthy in New Delhi


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