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UNREALISED TAX REVENUE
West Bengal FY27 Budget: SBI report hints shift to investment-led growth and economic transformationWest Bengal's FY27 budget signals a strong pivot towards investment-led growth, emphasizing industrialization and long-term economic transf...- SBI Research sees Bengal budget tone most optimistic in 17 yearsWest Bengal's new budget signals a significant policy shift, moving from welfare to investment and industrial growth, according to SBI Rese...
- Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...
- How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
- Banks' proposal for tax relief on NPA interest under reviewThe government is considering banks' request to amend income tax law, aligning NPA definitions with RBI norms to exempt interest earned on ...
- Vistara turns profitable for first time in December 2022 quarterFull service carrier Vistara on Monday said it reported a profit for the first time since inception in the three months ended December 2022...
- View: How a realistic target setting can help government to address fiscal imbalanceSuch shortfalls have considerable fiscal implications for the economy. Anticipating higher revenues, the government may end up incurring hi...
- CBDT moots special plan to dispose of 3 lakh pending casesThe Board has expressed serious concerns over the "rising" cases of litigation in the department, which it said has "assumed grave proporti...
- CBDT releases draft income calculation norms for real estateThe norms will apply for determination of income from all form of transactions in the real estate with respect to land, buildings and right...
- Budget tries to satisfy interest of Narendra Modi, Moody's: Shashi TharoorCongress MP Shashi Tharoor said there are "alarming contradictions" as the budget tries to satisfy the interest of Modi as well as rating a...
- BFSI, retail, pharma to be impacted most by Indian Accounting Standards: SurveyThe switch to Indian Accounting Standards (Ind AS) will impact companies the most in financial services, retail and pharma sectors even as ...
- M&A deals may hit speed bump with new accounting standardsThe new standards, called Ind-AS, would need companies to make changes in the way they account for revenue and tax.
- Unrealised tax revenue at over Rs 74,000 crore; CAG for close reviewThe call book pendency of central excise cases was Rs 46,727.46 crore and Rs 42,207.90 crore during 2011-12 and 2010-11, respectively.
- 'Over Rs 5,400 crore of taxes unrealised in Haryana'Out of unrealised tax dues, the state government is yet to recover Rs 3,133.45 crore as 'Amount Under Disputes' category.
- Rs 1.27 lakh crore indirect tax revenue stuck in litigationsA staggering Rs 1.27 lakh crore revenue as central excise and service tax remained unrealised due to appeals and litigations pending before...
- I-T to begin internal audits for better revenue collectionThe tax department's idea through these audits is to plug any leakages owing to various reasons and better its revenue collection.
- Companies will get to use real value for tax purpose in IFRS tooThe fair value accounting of assets and liabilities under the International Financial Reporting Standards, or IFRS, will give rise to notio...
- Reward asset churningGains arising out of churning should not be taxed.
- TDS haze could raise your health cover costHealth insurance premiums could soar if the forthcoming Budget does not clarify on the issue of tax deduction at source for non-life insura...
- Govt awaits Rs 1.5 trillion in arrears on tax, other disputesDisputes or otherwise, the government is yet to receive over Rs one trillion in taxes from corporate and other entities and add to it other...
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