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TAXATION PROPOSALS 2023
AI risks are here, time for tough rules: Anthropic CEO Dario AmodeiAs artificial intelligence grows more powerful, governments must move beyond transparency measures and introduce stronger regulations to ad...
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
Rs 400 crore agricultural income but no land: CBDT digs up names of rich ‘farmers’ without farmsTax authorities have uncovered a major scam involving fake agricultural income claims. Over 300 individuals claimed exemptions worth thousa...
Govt flags ‘high-risk’ crypto system in note to Parliamentary panelIndia's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking ...
Compensation cess: GoM may seek more time to submit reportA group of ministers (GoM) will likely request the GST Council to extend the December 31 deadline for their report on compensation cess by ...
FM Sitharaman-led GST Council meet begins; Here are the key expectationsThe 54th GST Council meeting, led by Finance Minister Nirmala Sitharaman and attended by state ministers, commenced on Monday. Key agenda i...
LTCG, STCG holding periods for capital gains calculation of equity,property, gold, financial, non-financial assets changed in Budget 2024: Which gains, which losesHolding period changed in LTCG, STCG in Budget 2024: The finance minister has rationalised the holding period for all asset classes in Budg...
GST Council likely to consider a review of 28% tax on online gaming at June 22 meetingThe council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter ...
How taxation will impact equity investments in 2023By understanding the impact of taxation on equity investments in India, investors can make informed investment decisions and optimize their...
Invest in debt schemes before March 31 to enjoy indexation benefit: advisorsMany anxious investors are calling their advisors to talk about the tax treatment of their debt mutual fund investments. Advisors have been...
TDS on all winnings from online gaming to come into effect from April 1: Budget 2023The government has revised the effective date from which TDS on winnings from online games will be deducted. The amendment was made at the ...
Should you be a salaried person or consultant if your annual income is Rs 60 lakh?The Budget 2023 has proposed many changes in the new tax regime and presumptive taxation scheme. The proposed changes have asked the indivi...
How will Budget 2023 tax changes impact investors?Under the new tax regime, the rebate for income tax has been increased to Rs 7 lakh from the earlier limit of up to Rs 5 lakh. The budget a...
Budget 2023: Consistency in tax provision and not too many nasty surprisesAt a macro level, the containment of the fiscal deficit and the significant emphasis on capital spend were the two things that industry was...
REITs, InvITs may need to review income distribution modes as Budget widens tax bracketThe business trusts including Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) will need to review mode ...
Budget 2023: Will taxation on high value insurance be positive for debt mutual funds?Mutual fund managers believe that the high net worth individuals can use debt mutual funds instead of these insurance products.
Budget 2023: Sitharaman enhances presumptive taxation limits for MSMEs, certain professionalsMicro enterprises with a turnover of up to Rs 2 crore and certain professionals with a turnover of up to Rs 50 lakh can avail the benefit o...
Will Budget 2023 reduce LTCG tax on gold funds and ETFs?To encourage retail investors to invest in gold through the mutual fund route rather than buying physical gold, AMFI had proposed that LTCG...
Govt to move amendments to Crypto tax rules todayFinance minister Nirmala Sitharaman will in all propose 39 changes to the Finance Bill, which will be taken up for consideration and passag...
European Union, greenhouse gas, WTO, carbon border adjustment mechanism, bam-bamCBAM is what will kindle most debate. Imports, initially in the cement, aluminium, iron and steel, fertiliser and electricity sectors, will...