Facing sluggish economic activity, the government is considering changes to the income tax regime to ease tax burden on the middle class and incentivise spending. #incometax #ITreturns #Budget2024 Read more »
Progressive taxation may be the answer to the alarming trend of rising income inequality in India. #society #incomeinequality #poverty #tax Read more »
The raising of income tax exemption limit promises to be highly popular among the middle class, but will raise a challenge for the government which is struggling to rein in the ballooning... Read more »
The govt will benefit more from expanding the tax base by raising income tax exemption limit than from making existing taxpayers pay more. Read more »
New corporate tax regime: Tax havens, MNCs to lose out
Sindhu Bharathi, Sumathi Chakravarthy and Badri Narayanan Gopalakrishnan —
October 14, 2021
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The corporate tax regime accepted by 135 countries will end treaty shopping by MNCs and put tax havens out of business. Read more »
Finance minister Nirmala Sitharaman shows good intentions in Budget 2021, but stops short of loosening the purse strings because of resource crunch. Read more »
Delivery of quality education, healthcare and housing to the bottom billion of the world population is possible with a transparent global tax regime. Read more »
Faceless e-assessment is a great idea, but it is essential to offer personal hearings to taxpayers when the assessment order contains negative references. Read more »
Honouring the honest: Another area of taxation crying out for automation support and fair queuing is the one involving grant of concessions and reliefs. Read more »
Covid-19 has hit tax collections, but the situation will improve in terms of both the number of taxpayers and revenue collections, once the pandemic is under control. Read more »