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Tax
Business  /  Published 24.01.22

Proposal to hike standard deduction

The middle class, hit by the pandemic, can expect some kind of relief in the budget such as a hike in standard deduction to Rs 1 lakh which will put money in the hands of the salaried to meet their me...
By R. Suryamurthy in New Delhi

Opinion  /  Published 20.01.22

Instrument of progress: wealth tax

There has been a renewed debate on the wealth tax in a number of countries. The debate has been ignited by the growing inequality and excessive expenditure incurred by the State due to the economic cr...
By Gunjan Shrivastav

Business  /  Published 19.01.22

Flawed IT reassessment notices quashed

Taxpayers who received a flurry of reassessment notices last year can breathe a huge sigh of relief after several high courts have struck these down because of the dodgy manner in which the taxman iss...
By Pinak Ghosh in Calcutta

Business  /  Published 18.01.22

GST looms on salary shift to branches

The Maharashtra Appellate Authority for Advance Ruling has said that the allocation of salary of head office employees to its branches is liable for the GST. There will also be no input tax credit on ...
By Our Special Correspondent in New Delhi

Business  /  Published 17.01.22

Lens on retirement fund cap

Industry and tax professionals want the government to review the cap of Rs 7.5 lakh cap on contributions to National Pension Scheme, provident fund and superannuation fund in the budget. The governme...
By Pinak Ghosh in Calcutta

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Business  /  Published 12.01.22

More time for ITR filing

The government on Tuesday extended till March 15 the deadline for corporates to file income tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing aud...
By Our Special Correspondent in New Delhi

India  /  Published 11.01.22

ITR deadline extended

The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing aud...
By Our Bureau in New Delhi

Business  /  Published 10.01.22

ICAI seeks waiver of late fine

The Institute of Chartered Accountants of India (ICAI) has made a representation to the Central Board of Direct Taxes (CBDT) to waive off penalty for filing tax audit reports for the assessment year 2...
By A Staff Reporter in Calcutta

Business  /  Published 06.01.22

Budget: Focus on affordable housing

The Centre may extend the interest subvention scheme to houses that cost Rs 35 lakh from Rs 25 lakh in the budget. Finance minister Nirmala Sitharaman may also increase the tax benefits on home loan ...
By R. Suryamurthy in New Delhi

Business  /  Published 03.01.22

Tax relief sought on annuities

Life insurance companies want the finance ministry to consider giving tax benefit on annuities in the Union budget to protect the earnings of senior citizens amid low interest rates. “Annuity s...
By Pinak Ghosh in Calcutta


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