For investors in the highest tax bracket, the abolition of dividend distribution tax (DDT) has meant an effective tax incidence of 43 per c...

Abolition of DDT is also expected to benefit yield-seeking infrastructure investors.

Apart from The National Investment and Infrastructure Fund (NIIF) - the country’s only sovereign wealth fund, India has already seen a larg...

Wealth tax was abolished in the Budget 2015 as the cost incurred for recovering taxes was more than the benefits derived from it.

Many have advocated abolition of income tax in favour of a consumption tax. They argue that this would, at one stroke, eradicate both tax e...

Gold is another unproductive asset that Indians hoard in large quantities and, therefore, was part of the wealth tax earlier.

This is the first year after the abolition of wealth tax that the government has sought asset disclosure for high net worth individuals in ...

"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,...

"No government in India can be against the very idea of subsidies but there has to be some element of rationalisation", he said.

Shome also highlighted that India was still among the poor emerging nations wherein there was unequal distribution of wealth.

Industry leaders welcomed the steps to check black money menace, including the 10-year imprisonment for hiding foreign assets.

The Budget document is a whiff of fresh air by being innovative in its approach, simple in its structure and being reform oriented.

Narendra Modi today promised to review and reform of the taxation system in the country, saying the existing structure is a burden on commo...

A three judge Supreme Court bench has ruled that the owner of land has rights to everything beneath, "down to the centre of the earth."

FM 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...

If the recommendations of the standing committee on finance are accepted in the Union Budget, nearly 90% of taxpayers will drop out of the ...

The removal of Securities Transaction Tax (STT) proposed in the new Direct Taxes Code may prove beneficial for market players as it may bri...