lipped from: https://economictimes.indiatimes.com/news/international/all-about-global-minimum-tax-and-what-it-means-for-india-and-the-world/articleshow/83277456.cmsSynopsis Why a global minimum tax? Major economies are aiming to discourage multinationals from shifting profits — and tax revenues — to low-tax countries
Month: June 2021
Labour codes on the cards: Cos’ PF liability to go up, workers to see reduction in take-home pay – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/labour-codes-on-the-cards-cos-pf-liability-to-go-up-workers-to-see-reduction-in-take-home-pay/articleshow/83277233.cmsSynopsis The ministry had finalised the rules under the four Labour codes. But these could not be implemented because many states were not in
Are Bitcoins & NFTs opportunities or Ponzi schemes? – SWAMINOMICS: The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/swaminomics-are-bitcoins-nfts-opportunities-or-ponzi-schemes/articleshow/83275976.cmsSynopsis You could call this a huge democratisation of wealth, enabling youngsters with no inherited wealth or networks to beat old wealth by creating,
The great Indian tax paradox: Can the tax mop-up keep its pace in the current fiscal? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/the-great-indian-tax-paradox-can-the-tax-mop-up-keep-its-pace-in-the-current-fiscal/articleshow/83265391.cmsSynopsis Augmenting tax collection is critical. If the pandemic continues, pro-poor schemes will need more resources. Ramping up the heath infrastructure to prepare for
Labour codes on the cards: Cos’ PF liability to go up, workers to see reduction in take-home pay – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/labour-codes-on-the-cards-cos-pf-liability-to-go-up-workers-to-see-reduction-in-take-home-pay/articleshow/83277233.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The ministry had finalised the rules under the four Labour codes. But these could not be implemented because many states were not in
New e-filing website www.incometax.gov.in Live News: Free ITR software for Forms ITR-1, 2, 4 | new efiling website benefits | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/new-e-filing-website-www-incometax-gov-in-live-updates-benefits-highlights/2266070/ New e-filing website (www.incometax.gov.in) launch: Along with the launch of the new e-filing portal, the Income Tax Department will also provide free of
New online tax payment system, mobile app to be launched later: CBDT | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/new-online-tax-payment-system-mobile-app-to-be-launched-later-cbdt-121060501067_1.html The CBDT said a proposed new online tax payment system and a mobile app on its soon-to-be launched advanced e-filing website will be
No service tax for takeaway orders from restaurants, hotels: Madras high court | Chennai News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/chennai/no-service-tax-for-takeaway-orders-from-restaurants-hotels-madras-high-court/articleshow/83276057. CHENNAI: In a significant ruling, Madras high court has held that service tax would not be applicable on ‘take-away’ in restaurants and hotels.Justice Anita Sumanth passed the
HC grants bail to man held for GST evasion | Madurai News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/madurai/hc-grants-bail-to-man-held-for-gst-evasion/articleshow/83155474.cms Madurai: The Madras high court on Tuesday granted bail to a businessman, who was arrested for evasion of GST to the tune of
Odisha Finance department: GST fraud thrives on greed of poor | Cuttack News – Times of India
Clipped from: https://timesofindia.indiatimes.com/city/cuttack/odisha-finance-department-gst-fraud-thrives-on-greed-of-poor/articleshow/82853586.cms CUTTACK: The state finance department’s commercial taxes & GST wing has claimed before the Orissa high court that the racket involved in mass fraud in
Time to reset our moral compass | Deccan Herald
Clipped from: https://www.deccanherald.com/opinion/time-to-reset-our-moral-compass-994251.html Mohamed Zeeshan Great powers are often built on the ruins of a catastrophe. Japan and Germany went into World War II as self-destructive
Independent directors: Sebi lesson for proxy advisers – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/how-sebi-rules-will-impact-appointment-of-independent-directors/articleshow/83279572.cmsSynopsis How the SEBI consultation paper on appointment of independent directors is likely to impact recommendations by proxy advisers, as India Inc gears up
India needs to firm up the digital tax pillar before agreeing to global tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-india-needs-to-firm-up-the-digital-tax-pillar-before-agreeing-to-global-tax-reform/articleshow/83289304.cmsSynopsis Will India and other developing economies gain from the proposed deal? India will gain only with a comprehensive pact that also covers an
GoM on Covid items should focus on people’s interests | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/gom-on-covid-items-should-focus-on-people-s-interests-121060700010_1.html The GoM will give its findings by June 8 and the GST Council will take suitable decisions soon. Last Monday, the Supreme Court
Seal a tax deal | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/seal-a-tax-deal-121060600878_1.html Minimum global corporate tax rate solves many problems The group of seven industrialised countries, or G-7, has agreed in principle on what may
G7 makes a good start on tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-makes-a-good-start-on-tax-reform/articleshow/83288635.cmsSynopsis Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax
Targeting growth | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/targeting-growth-121060600879_1.html RBI should not underestimate risks The decision of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday to leave the policy rate
One more step to a functional bond market – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/one-more-step-to-a-functional-bond-market/articleshow/83288629.cmsSynopsis NCRPS are hybrid instruments that carry a fixed dividend rate, are redeemable, and the holder is entitled to voting rights in case the
Should taxes on petro products be reduced? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/should-taxes-on-petro-products-be-reduced/article34701363.ece The govt cannot afford to as it spends a huge amount on crude oil imports and petro goods are a healthy source of
New tax portal to make self-filing a breeze but proceed with caution | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/new-tax-portal-to-make-self-filing-a-breeze-but-proceed-with-caution-121060200008_1.html Be doubly cautious if filing via a mobile app The new portal will be integrated with the I-T department’s central processing centre. This
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