This article aims to investigate the effect of India’s tax policy on private capital formation. A time series analysis of data for the economy for the period 1950–51 to 1994–95 reveals that a one percent increase in the direct tax ratio has led to a reduction of 0.12 percent in the ...
MUMBAI, Nov. 12 (Xinhua) -- International payment platforms such as Visa, Mastercard and American Express may also be subjected to pay around 15-percent tax on their income in India as they set up servers locally to comply with a central bank directive on data storage. The Reserve Bank of...
In India, tax on capital gains depends on two factors: the nature of the capital asset and the period for which it has been held. Until July 23, 2024, long-term capital gains on properties held for over two years were taxed at 20 percent after indexation. The new changes in capital ga...
Net direct tax collection during the fiscal 2008-09 stands at Rs.338, 212 crore, up from Rs.312, 202 crore during 2007-08, registering a growth of 8.33 percent. Growth in Corporate Taxes was 10.84 per cent, while Personal Income Tax (including FBT, STT and BCTT) grew at 9.09%. Despit...
India has emerged as one of the strongest markets for Mergers and Acquisitions (M&A). In 2018 and 2019, thevalue of M&A activity was US$ 129 billion and US$ 64 billion, respectively 1 . During 2019, Private Equity (PE)investments witnessed an increase of 13.8 percent in terms of value ...
The Corporate Tax Rate in India stands at 34.94 percent. This page provides - India Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previ
TDS is regulated in India by the Central Board of Direct Taxes (CBDT), which is part of the Indian Revenue Services (IRS). To learn TDS or ‘Tax Deducted at Source’ in detail, we have covered all components linked to TDS in this extensive guide. We’ll learn: ...
Goods and Service Tax for India tax evasionIndirect taxes on goods and services at the state level constitute 85 percent of own tax revenue of the state governments of which sales tax ... RK Rao - 《Macroeconomics Working Papers》 被引量: 22发表: 2008年 The Causes of Barter, Nonpayments,...
In addition, the Indian Government decides the rate of income and relies on the union budget 2021. We have a progressive system of taxation in India. It simply means— higher the income, the higher the payable tax. Moreover, the income tax is dependent on a slab system defined by the T...