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Statistalk | Overestimation of tax revenues?

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BusinessLine The Centre has been quite optimistic about the tax revenue projections. This is despite the shortfall in actual collection in most years. While the low collection of customs and excise duty can be linked to economic growth, the estimation of direc... More »

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How to make the corporate tax cuts work

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BusinessLine The Modi government’s decision to effect a sharp cut in the corporate tax rate on September 20 has been by far the most significant stimulus that has been offered in a bid to revive an economy that has significantly slowed, weighed down by both cy... More »

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Angel tax needs sanitising – The Hindu BusinessLine

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BusinessLine BL Research Bureau The start-up community heaved a sigh of relief when two weeks ago the Finance Minister announced that the dreaded section 56(2)(viib) of the Income Tax Act would not be applicable to start-ups registered with the Department for ... More »

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Tax overreach is becoming the norm

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BusinessLine Discussions on tax terrorism in the country have resurfaced as a result of an unverified letter purportedly penned by the late promoter of Café Coffee Day (CCD) prior to his act of suicide. In the letter, he alleged that there was a lot of harassm... More »

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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 »

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 »