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Tax regime News

Income tax slabs

04 Mar 2022

Filing ITR? Check different tax slabs and rates in new income tax regime

The new, concessional tax regime, on the other hand, offers lower tax rates than the old tax regime. Individuals who are undecided about which tax system to choose should review the most recent tax rates and slabs applicable under the regime.

03 Jul 2018

Jaitley's point by point rebuttal to Congress's criticism of tax regime

Jaitley said that almost everyone wanted the GST but not a single State was comfortable with the UPA's model of GST.

Gold prices in India

28 Jul 2017

India gold discount widens to max in seven months; higher prices hurt demand

Meanwhile, in Japan, premiums were unchanged at 25 cents per ounce over the benchmark prices.

30 Jun 2017

GST Rates: Biscuits to attract 18%; footwear 5% and Gold 3%

The GST Council on Saturday decided to tax gold at 3 percent, footwear below Rs 500 at 5 percent and biscuits at 18 percent under the Goods and Services Tax, which will be rolled out from July 1.

02 Jun 2017

'Looking at options for timely refund of taxes to exporters'

Allaying concerns of exporters related to GST, the commerce ministry on Friday said it is looking at all options to ensure timely refund of taxes under the new indirect tax regime to be rolled out next month.

28 May 2017

Various tax slabs under GST worry traders: CAIT

Classification of different items under various tax slabs of GST has created an environment of anxiety and concern among the trading community across the country, Confederation of All India Traders said on Sunday.

27 May 2017

GST Bill passed in Himachal Pradesh Assembly

The `revolutionary` Goods and Services Tax (GST) Bill was passed by the Himachal Pradesh State Assembly on Saturday, further paving the way for its roll out on July 1.

Tripura Assembly

26 May 2017

GST Bill unanimously approved in Tripura

On the concluding day of the three-day session of the Tripura Assembly on Thursday, the Left-ruled state approved the Goods and Services Tax (GST) Bill unanimously by voice vote.

25 May 2017

Mizoram GST Bill passed unanimously

Mizoram assembly unanimously passed the Mizoram Goods and Services Tax (GST) Bill, 2017 in a one-day special session of the legislature on Thursday.

18 May 2017

GST rates will bring cheer to industry, say experts

Tax rates cleared by the all powerful GST Council will bring cheer to the industry as prices of consumer products are likely to drop with the implementation of the new indirect tax regime from July 1, experts said.

02 May 2017

Uttar Pradesh to roll out GST from July 1

The decision was taken at the fifth cabinet meeting of the state government, presided over by Chief Minister Yogi Adityanath.

17 Oct 2016

CBDT tells officers to submit data of appeals disposed of every month

To fast-track disposal of tax cases, CBDT has started reviewing performance of its officers and asked commissioners to submit data on number of appeals they have disposed of every month against the given target.

07 Oct 2016

IT, financial services cos can become GST Suvidha Providers

IT and financial services firms can become GST Suvidha Providers and extend specialised help to tax payers for complying with the upcoming Goods and Services tax regime.

Goods and Service Tax

18 Sep 2016

GST slabs necessary for transition: Arjun Ram Meghwal

The Goods and Services Tax (GST) will have few tax rate slabs beside a standard rate but only for a transition period before India gradually moves to a pure single tax rate regime, Union Minister of State for Finance Arjun Ram Meghwal said.

markets regulator

28 Feb 2016

SEBI board to discuss reform measures for start-ups

Markets regulator Sebi will consider next month proposals regarding favourable tax regime and steps to bring in long-term capital from domestic and overseas investors in alternative investment funds (AIF), including for start-ups and through avenues like crowdfunding.

16 Jan 2016

Start Up India: Govt to announce friendly tax regime in Budget

Besides Start Up, the Finance Minister said the government will launch Stand Up India scheme under which, bank branches will lend to entrepreneurs belonging to SC/STs and women.

19 Jun 2015

India Inc needs be active before finalisation of tax proposals

"The senior functionaries in government engaged and involved with policy making are much more receptive in modern times as compared to 15-20 years ago and therefore, can suitably accommodate industry's inputs along with its perspective in the final policy document to plug possibilities of faltering and making unintended mistakes," he said.

14 Jun 2015

Government asks top taxmen to ideate for widening tax base

The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.

24 May 2015

Arun Jaitley, I-T brass meeting Monday on non-adversarial tax regime

Finance Minister Arun Jaitley will on Monday address tax commissioners and director generals of income tax at their annual conference here that will deliberate, among other things, on strategies for providing a non-adversarial tax regime.

07 Feb 2015

FM Jaitley hints at reform-packed Budget

Ahead of the Budget, Finance Minister Arun Jaitley on Friday hinted at more reforms for faster economic growth and rationalisation of expenditure, saying the government does not believe in living on borrowed money.

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