Tag: finance bill
Nirmala Sitharaman: FM Nirmala Sitharaman attends RBI Board of Directors meeting
New Delhi: Union Finance Minister Nirmala Sitharaman on Saturday attended a meeting of members of the Central Board of Directors of Reserve Bank of India…
taxpayers: Realty LTCG: Taxpayers get to choose regime
The Lok Sabha Wednesday passed the Finance Bill with amendments to long-term capital gains (LTCG) tax rules on property proposed in the budget. This allows…
Without drastically raising taxes, govt has simplified taxation, benefiting middle class: Nirmala Sitharaman in Finance Bill reply
Finance Minister Nirmala Sitharaman replied to the discussion on the Finance Bill in Lok Sabha on August 7. The passage of the Finance Bill by…
India Inc calls for choice, exemption in LTCG tax reign
New Delhi:India Inc is requesting the government for a phased transition to the long term capital gains (LTCG) tax regime announced in the budget for…
Navigating the evolution of Input Service Distributor under GST
The concept of Input Service Distributor (“ISD”) has passed through from the Service Tax regime to the GST regime. Despite the concept not being new,…
e appeals scheme: CBDT notifies e appeals scheme 2023
New Delhi: The Central Board of Direct Taxes (CBDT) on Tuesday launched “e appeal” scheme announced in the budget to reduce pendency of appeals related…
startups funding: DPIIT takes up startup taxation issue with Finance Ministry: Secretary
The Department for Promotion of Industry and Internal Trade (DPIIT) has taken up the taxation issue of startups with the finance ministry, a top government…
Key amendments to the Finance Bill and their material impact
Lok Sabha has passed the finance bill with several amendments. Here are the key amendments made to the finance bill and its material impact. Debt…
Lok Sabha passes Finance Bill with key amendments
New Delhi: India will tax investments in debt mutual funds as short-term capital gains and royalty payouts by local arms of multinational companies at a…
No more royal treatment for Indian arms of MNCs as govt doubles tax on royalty, fee for technical services
New Delhi: The Indian arms of the US- and UK-based multinational companies such as Hindustan Unilever, PepsiCo India, and Coca-Cola India will now be subject…