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RETROSPECTIVE CHANGES TO TAX
CII president R Mukundan projects 7% growth for India, seeks GST Council-like body to drive reformsIndia's economy is projected to grow around 7% this fiscal year, with most businesses finding growth avenues despite global cost pressures....
Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
More the retro, less the going forwardRecent developments have cast a shadow over government telecom spectrum charges imposed over ten years ago, now being questioned in light o...
India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
Private investment, not West Asia crisis, is India's growth challenge: Surjit BhallaEconomist Surjit Bhalla states weak private investment is hindering India's economic growth. He believes strong GDP numbers earlier were mi...
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
Stay disciplined, think five years out: Deepak Shenoy on how to navigate volatile marketsGlobal economic turbulence is high. However, India's company earnings are performing well. Deepak Shenoy advises investors to focus on fund...
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
India shields pre-2017 foreign investment gains from strict tax rulesThis would allay fears of retrospective taxation, a longstanding concern for global investors, and reinforce India's image as a transparent...
India Inc seeks resolution of other retro tax issuesThe companies are seeking that the government relooks at changes made in tax laws that resulted in tax demands retrospectively and led to l...
Changes in retrospective tax amendments unlikely in BudgetAmendment to Income-tax Act with retrospective effect made by the UPA government in 2012 to protect revenue had evoked sharp reactions.
Push for global sharing of taxes to prevent erosion of its tax base and implement reformsShome panel has said that a retroactive amendment is not in order because it is meant to expand the tax base, not clarify the intent of law.
CBDT may waive off interest, penalty on retrospective tax: ChidambaramCBDT is considering issuing a circular waiving interest & penalty on taxes cos may have to pay as a result of the controversial retrospecti...
- Retrospective change in tax laws hurt investments, CEOs tell PM
The group said retrospective application of tax laws and provisions such as the General Anti-Avoidance Rules should have been avoided at a ...
- Government defends retrospective tax change
Govt has defended the retrospective change in IT law which will give powers to authorities to tax crossborder transactions wherein the unde...
Budget 2012: Retrospective change in tax law to impact investmentsIndia Inc has cautioned that the retrospective change in law with budget 2012 allowing authorities to tax cross-border transactions in is r...