Tag Archives: taxes

NEW DELHI: Ministry of Finance is considering cutting special taxes in gasoline and diesel to cushion the impact of record domestic prices, said three government officials close to the discussions. The doubling of the price of crude oil in the last 10 months has contributed to registering fuel prices at …

NEW DELHI: Union Minister of Finance Nirmala Sitharaman on monday he said 20 billion rupees compensation process it will be disbursed to the states. The Center grants a termination of compensation to states for loss of income. The Minister of Finance while addressing the media after the 42nd meeting of …

[ad_1] After announcing measures to MSMEs, Finance Minister Nirmala Sitharaman on Wednesday he turned his attention to EPFs, TDS and taxation-relationship issues. The Finance Minister also sought to clarify the environment around the Prime Minister’s call for self-sufficiency, saying that does not mean that India will look only inward and …

[ad_1] Former Finance Minister P Chidambaram said on Wednesday that governments should borrow to cover their deficits and not resort to imposing new or higher taxes amid the coronavirus crisis. Chidambaram said the imposition of higher taxes should not be done at a time when economic activity in the country …

[ad_1] NEW DELHI : State governments across India are desperately seeking to increase revenue and have implemented a number of measures, including increasing fuel taxes and increasing liquor, while trying to make up for the drastic shortage of revenue due to the coronavirus blockade. With declining transfers of funds from …

[ad_1] Written by Harikishan Sharma , Edited by the desktop explained | New Delhi | Updated: May 5, 2020 12:45:20 am State revenues generally comprise two categories: tax revenue and non-tax revenue. Tax revenue is again divided into two categories: the state’s own tax revenue and the share of central …

[ad_1] MUMBAI / NEW DELHI: A group of tax officials suggested raising the super-rich tax to 40 percent, imposing a cessation and other measures to increase revenue amid the coronavirus pandemic, prompting the tax department to clarify that the proposals do not reflect their official views in any way. The …