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The income tax returns filing just got more complicated

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BusinessLine The revamp of the income tax return (ITR) forms has become an annual ritual and over the years, with the salaried class bearing the brunt of the changes. While the one-page ITR-1 to be filed by the salaried has been showcased as the model of simpl... More »

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Investment gains: Untangling the tax knot

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BusinessLine After several missed deadlines, the task force for drafting the new direct tax code is expected to finally submit its report by February 2019 end. This should pave the way for an eventual makeover of the Income Tax Act, 1961. The new law is expect... More »

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GST: A tax reform that’s paying off

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BusinessLine One year is probably a good time to evaluate the performance of GST (Goods and Services Tax). At the same time, it is also too short a period for all the advantages of GST to manifest fully. Two advantages of GST were commonly touted: better tax c... More »

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Busting the myth of the ‘small’ tax base

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BusinessLine Do Indians have the potential to pay more tax? Most individual taxpayers will respond with a vehement ‘No’. But the Finance Minister is quite convinced that there’s room to collect more. Recently pointing out that India is still “far from being a ... More »

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Crude oil: Inflation worry makes a case for tax cut

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BusinessLine Escalating geopolitical tensions, triggered primarily by the threat of US sanctions on Venezuela and Iran that can potentially crimp supplies in an already tightening market, have propelled crude markets higher to test $80 a barrel for Brent, near... More »

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Sugar-coat this tax – Business Line

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BusinessLine   The GST Council has chosen not to rock the boat and decided to defer sugar cess till a possible consensus is reached. While the Finance Ministry’s rationale for it was to shore up the prices in a falling market, in Qatar, the government recently... More »

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Why this hullabaloo over LTCG tax

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BusinessLine After a torrid week, Muthu (a retired finance professional), Sridevi (a financial advisor), KK (a full-time stock trader) and Ravishankar (a chartered accountant) got together for their weekly Saturday brunch at Murugan Idly Shop. After belting ou... More »

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A case for robot tax

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BusinessLine Companies should pay up for the social costs of automation November 12, 2017:   Bill Gates’ recent observation on levying a robot tax as a response to the automation boom merits serious thinking. The returns of automation needs to be socially shar... More »

An anti-farmer proposal

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By K  C Tyagi When the farming community across the country lives in precarious conditions, certain statements by members of the Niti Aayog have shocked farmers. The opinion of the members is even more important as the PM presides over the Niti Aayog. The sugg... More »