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Angel tax: the latest DIPP notification demystified for startups, investors
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Jan 18, 2019
Credit: YourStory Amid several calls from startups for abolishing angel tax and media reports that the government may water down angel ta...
Income Tax return processing time to reduce from 63 days to just 1 day
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Jan 18, 2019
Credit: Economic Times The Union Cabinet on Wednesday approved an integrated income-tax e-filing and centralised processing centre (CPC) ...
Brokerages set up shop in Daman to avail tax exemption
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Nov 22, 2019
The Union Territory of Daman and Diu is emerging as a hub for Indian brokerages thanks to a favorable tax law. The region with less than ...
GST panel to study uniform tax rate on lottery
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 18, 2019
Photo Credit: Bloomberg Quint A GST ministerial panel will suggest whether a uniform tax rate should be imposed on lotteries or the cur...
Delhi HC stays Rs 383-crore fine on Hindustan Unilever for GST profiteering
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 17, 2019
The Delhi High Court has stayed an order given by the National Anti-profiteering Authority (NAA) against Hindustan Unilever Ltd (HUL). NA...
E-way bill to be integrated with NHAI’s FASTag to track GST evasion from April
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 16, 2019
Credit: Livemint The GST e-way bill system is likely to be integrated with NHAI’s FASTag mechanism from April to help track movemen...
Panel to explore composition scheme for real estate
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 16, 2019
Credit: Times of India The government on Tuesday said that a seven-member panel of state finance ministers will consider the proposal o...
What easing GST compliance norms mean for credit ratings of SMEs
GST & Other Indirect Taxes | By ALOK PATNIA | Last updated on Jan 15, 2019
News of simplification of the goods and services tax (GST) norms is welcome. Allowing composition dealers to file one annual return with ...
Income Tax Exemption Threshold May Go Up In Interim Budget
Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Jan 15, 2019
Finance Minister Arun Jaitley may double the income tax exemption threshold for the salaried from the present Rs. 2.5 lakh to Rs. 5 lakh ...
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