If the government truly wants to help startups it needs to do a lot more, not in terms of giving them money, but in terms
Category: Income Tax
Old truths, fresh startups | Business Standard Column
Reportage and commentaries on startups attract huge interest, creating as unreal an image about startups as Bollywood and cricket. In a Martian’s reading of our
Angel tax: Centre’s measures are a ‘mixed bag’, say experts – The Hindu BusinessLine
With the latest procedural changes to avail ‘angel tax’ exemption, the Centre has done a fine balancing act in assuaging the concerns of start-ups while
Relief for start-ups; new procedure put in place for ‘angel tax’ exemption – The Hindu BusinessLine
The Modi-led government on Wednesday came out with a new procedure for ‘angel tax’ exemption, bringing relief to the harried ‘start-ups’ in the country and
Higher onus on trade in new audit approach | Business Standard Column
The Central Board of Indirect Taxes and Customs (CBIC) is putting in place a new audit approach, based on the experience gained over years in implementation of Post
Exaggeration of evasion is dangerous | Business Standard Column
Being an ex-insider, I know for certain that evasion of tax is exaggerated by departmental officers. They get brownie points for showing more detection of
कर माझे गळती.. | Loksatta
त्यक्ष करांचा भरणा तिसऱ्या तिमाहीअखेर पुरेसा नाही. तो मार्चपर्यंत वाढण्याची अपेक्षा केली तरी वित्तीय तुटीबाबतच्या चिंतेस कारणे उरतात.. गेल्या काही दिवसांतील राजकीय, न्यायालयीन आणि सांसदीय
Bad news for Modi government ahead of Budget 2019: Direct tax growth lower than estimates in April- December – The Financial Express
The government has been banking on direct tax collection to somewhat bridge the likely deficit in GST collections. The net (post-refunds) direct tax collection for
Income Tax: Taxman on a refunds spree as income tax returns hit record high in FY19
The current fiscal year is likely to be a watershed for income tax compliance and the tax department is returning the favour with quick refunds. The income tax department
Direct tax mop-up rises 14.1% to Rs 8.74 lakh cr during April-Dec 2018 – The Hindu BusinessLine
The Centre’s net direct taxes collections grew 13.6 per cent in April-December 2018 to ₹7.43 lakh crore, official data released on Monday showed. The collections
Benami: Look ahead, have a threshold–Economic Times
India’s tax authorities are reportedly inundated with pleas from various trade bodies to soften the two-year-old law to crack down on benami properties. An outright
Direct tax-GDP ratio of 5.98% during FY’18 best in 10 years: FinMin – The Hindu BusinessLine
The direct tax-to-GDP ratio of 5.98 per cent achieved during 2017-18 fiscal is the best in the last 10 years, the finance ministry said on
No plan to repeal The Chartered Accountants Act, say officials | Business Standard News
The central government has no plan to repeal The Chartered Accountants Act, said senior officials at the ministry of corporate affairs. This comes against the backdrop of
Tax uncertainty continues on LLP conversions | Business Standard Column
Recently, the Mumbai Bench of the Income Tax Appellate Tribunal (Tribunal) ruled that conversion of a company into an LLP (limited liability partnership) firm would be construed
Why you should file belated ITR before December 31 | Economic Times
If you still have not filed your ITR it is best to do it before December 31, 2018 to avoid paying higher penalty on late
Inheritance Tax and Farm Waiver–Unpopular thoughts to end the year with | Business Standard Column
As the year winds down, it is time to reflect on what lies ahead in the new year. This column will speak about, at the
Taxman shows up at startup valuers’ doors – The Economic Times
Even as the Centre seeks to pacify India’s startup ecosystem on the so-called angel tax, chartered accountants and industry experts have come under the taxman’s lens for the methodology
Income Tax dept allows manual filing by resident, NRI taxpayers for nil/lower TDS certificate – The Financial Express
The Income Tax Act, 1961, provides that if a taxpayer considers that his total income warrants deduction of income tax at lower/ nil rate, he
Angel tax fiasco | Business Standard Editorials
Arecent series of so-called “angel tax” notices received by start-ups have caused consternation. Under Section 56 of the Income Tax Act, the tax department can
Expert panel to look into ‘angel tax’ issue faced by start-ups – The Hindu BusinessLine
Start-ups that received a notice from the Income-Tax Department over ‘angel tax’ can breathe easy as the government has decided to set up an expert
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