Searched for
WEALTH TAX ABOLITION
Vijay Kedia says long-term capital gains tax should be abolished for nation building. Here’s whyAce investor Vijay Kedia has urged the government to abolish long-term capital gains (LTCG) tax on listed equities, stating that long-term ...- Budget 2024: Industry leaders weigh in on India's path to growth and innovationThe budget emphasises technology, with increased funding for research and development, also prioritising digital infrastructure, and women'...
- 'Modi's steadfast adherence to lies': Congress slams PM Modi over his inheritance tax barbThe Congress refuted Prime Minister Narendra Modi's claims that former PM Rajiv Gandhi abolished inheritance tax to safeguard his family's ...
- High tax takes sheen off generous MNC dividendsFor investors in the highest tax bracket, the abolition of dividend distribution tax (DDT) has meant an effective tax incidence of 43 per c...
- Exemption for SWFs should boost Infra play; clarity awaitedAbolition of DDT is also expected to benefit yield-seeking infrastructure investors.
- Budget 2020: Tax exemption for sovereign funds to boost India infra playApart from The National Investment and Infrastructure Fund (NIIF) - the country’s only sovereign wealth fund, India has already seen a larg...
- Budget 2019: FM Nirmala Sitharaman shuns wealth tax, but increases surcharge for super richWealth tax was abolished in the Budget 2015 as the cost incurred for recovering taxes was more than the benefits derived from it.
- Budget 2018: Don’t do away with income tax, Mr JaitleyMany have advocated abolition of income tax in favour of a consumption tax. They argue that this would, at one stroke, eradicate both tax e...
- View: Government should reinstate wealth tax in Budget 2017Gold is another unproductive asset that Indians hoard in large quantities and, therefore, was part of the wealth tax earlier.
- I-T information for over Rs 50 lakh income raises hacklesThis is the first year after the abolition of wealth tax that the government has sought asset disclosure for high net worth individuals in ...
- ITR asset disclosure norm to affect 1.5 lakh ultra rich: Hasmukh Adhia"99.5 per cent taxpayers are not affected by this requirement. Only the ultra rich will have to give this information in their I-T Returns,...
- Govt to consider 'next round of action' on subsidies: Finance Minister Arun Jaitley"No government in India can be against the very idea of subsidies but there has to be some element of rationalisation", he said.
- Parthasarathi Shome welcomes deferment of GAAR in Budget 2015Shome also highlighted that India was still among the poor emerging nations wherein there was unequal distribution of wealth.
- Budget 2015: India Inc cheers corporate tax cut, wealth tax abolitionIndustry leaders welcomed the steps to check black money menace, including the 10-year imprisonment for hiding foreign assets.
- Budget 2015 is innovative: YM Deosthalee, CMD, L&T Finance HoldingsThe Budget document is a whiff of fresh air by being innovative in its approach, simple in its structure and being reform oriented.
- Narendra Modi promises relook at taxation systemNarendra Modi today promised to review and reform of the taxation system in the country, saying the existing structure is a burden on commo...
- Ownership of mineral wealth should normally follow the ownership of the landA three judge Supreme Court bench has ruled that the owner of land has rights to everything beneath, "down to the centre of the earth."
- Budget 2013: Work on DTC in progress, amended Bill in Budget session, says FMFM today said work on DTC Bill, which seeks to overhaul income tax laws, is in progress and the amended Bill will be introduced in the ongo...
- Budget 2012: Finance ministry may accept house panel's recommendations on DTC billIf the recommendations of the standing committee on finance are accepted in the Union Budget, nearly 90% of taxpayers will drop out of the ...
- STT removal in Direct Taxes code finds favour with market playersThe removal of Securities Transaction Tax (STT) proposed in the new Direct Taxes Code may prove beneficial for market players as it may bri...
Load More
