Wednesday, Jul 26th 2017
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Taxes
A Chennai shopkeeper has begun to split the bill for a pair of shoes, selling each separately. A garment dealer is selling the quintessential dupatta separately from the salwar suit that it ostensibly belongs to.
The Goods and Services Tax (GST) Council at its 17th meeting on Sunday decided to increase the room tariff threshold, above which the luxury rate of 28% will apply, to â‚...
There were no unpleasant surprises. The first day of crucial Srinagar meet of the Goods and Services Tax (GST) council produced some good news for the aam aadmi. The pric...
The income tax department has launched an online facility to correct errors in names and other details in permanent account number (PAN) and Aadhaar document. Alongside t...
30, Mar 2017, by : FnF Correspondent
Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax. Read News
30, Mar 2017, by : FnF Desk
The Lok Sabha cleared the four goods and services tax (GST) Bills, but not before a heated debate between the treasury benches and the Opposition over multiplicity of rates, ambit of the new tax system, nature of legislation, proposed anti-profiteering body and Parliament's right over the new tax system. Read News
29, Mar 2017, by : FnF Correspondent
Finance Minister Arun Jaitley has moved four GST (Goods and Services Tax) bills in Lok Sabha. Calling it a revolutionary step which would benefit all, Jaitley said both states and the Centre had pooled in their sovereignty into the GST council.Read News
17, Mar 2017, by : FnF Correspondent
The Goods and Services Tax (GST) Council on Thursday cleared a proposal to cap the cess on luxury cars and aerated drinks at 15 per cent over the peak rate of 28 per cent. The ceiling for the cess on "sin” goods would be much higher.Read News
02, Feb 2017, by : FnF Desk
Finance Minister Arun Jaitley in Union Budget 2017 slashed the income tax rate for individuals in the lowest income tax slab to 5 per cent, a move which will also benefit individuals in higher tax brackets. But tax experts who were expecting a hike in Section 80C limit were a bit disappointed. Read News
01, Feb 2017, by : FnF Correspondent
The Finance Minister hailed both GST and demonetisation as 'tectonic changes' in the Indian economy. He also called merger of Railway Budget with General Budget a 'historic step'.Read News
Exactly 24 hours from now, India will see a sweeping change in its existing tax regime in the form of the Goods and Services Tax (GST). The much-anticipated tax reform will receive a red carpet welcome in Parliament's Central Hall when the clock strikes midnight on June 30.
The Goods and Services Tax (GST) system should first be implemented in select industries and service sectors to test it before rolling it out on a full scale across the n...
Taxing agricultural income has always been a politically sensitive topic. This was evident last week after NITI Aayog member Bibek Debroy spoke in favour of this above a ...
Uttar Pradesh's revenue has taken a big hit - first due to demonetisation and now because most government employees are out on election duty. Officials in the concer...
03, Jan 2017, by : Biswajit Choudhury
The year was supposed to be that of final preparations for rolling out the comprehensive reform of India's indirect tax system through the Goods and Services Tax (GST), but progress towards meeting the government's implemention target of April 2017 was stymied by its November move to demonetise high-value currency. Read News
05, Aug 2016, by : FnF Desk
About 42 per cent of the Rs 22 lakh crore ($328 billion) revenue of the central government and 35 states and union territories will now be subsumed under the goods and services tax (GST), passed by parliament's upper house on August 3, 2016 and being touted by some as one of independent India's 'boldest reforms'.Read News
01, Mar 2016, by : Shishir Asthana
If there was one budget proposal that set the social media on fire, then it was the tax on withdrawal of employee provident fund (EPF).Read News
02, Sep 2015, by : Charu Bahri
In March 2015 - in response to a drop in sales as taxes more than doubled over four years - India's leading cigarette company ITC Ltd. shortened its discount Bristol-brand cigarettes by 5 mm. That allowed Bristol cigarettes to make use of India's complicated six-tier cigarette-tax Read News
16, Apr 2013, by : Sahadev Sahoo
The Empowered Committee (EC) of State Finance Ministers in its first meeting of the year held at Bhubaneswar on 28th and 29th January 2013 approved recommendations of the committees on GST design and CST compensation. Read News
29, Jan 2013, by : FnF Correspondent
The Section 80 C of the Income Tax Act is the most widely known section for claiming deductions. And apart from public provident fund, premiums you pay towards your life insurance policy, and Equity Linked Savings Scheme (ELSS), there is yet another tool that offers you tax deduction, which not many are aware of. To know more, read on.Read News
To tax (from the Latin taxo; "I estimate", which in turn is from tango; "I touch") is to impose a financial charge or other levy upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities. Taxes consist of direct tax or indirect tax, and may be paid in money or as its labour equivalent (often but not always unpaid labour). A tax may be defined as a "pecuniary burden laid upon individuals or property owners to support the government a payment exacted by leg... Read News
by : Priti Prakash
The year 2016 finale saw a defining descendency of the state of Indian economic health. Demonetizati...
by : Satya Narayan Sahu
Every living and lively unit of family or the extended family be it father, mother, brother or siste...
by : Rajeshwar Singal
This may sound like a dilemma, but it is not far from truth. Conduct Rules are meant to govern condu...
by : Sunita Narain
The idea of secularism is this very idea of India which respects the equality of all. Of course, wit...
by : Ravi Kishore
Today every one is talking about judicial accountability i.e. how the whole system of judiciary is t...
by : Surya Mohan Dubey
Continuous deadly events happening every now and then prove that Indian Government has utterly faile...
