The reduction in direct tax rates in the economy has not only increased revenue collection but also accelerated economic growth. 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–...
India has already tried to collect taxes on at least eight of these deals, including the acquisition of a controlling interest in Hutchison Whampoa Ltd.’s Indian operations by the Dutch subsidiary of U.K.-based Vodafone Group PLC in 2007. In addition to seeking a tax bill of around $2.2 ...
Fails to Get Registration: The person or company will be liable to a penalty for the period during which it remains unregistered. Fails to Deposit to the Government/ Late Deposition: Will be liable to a penalty for the delay duration. ...
Corporate tax grew at5.56 per cent (Rs 8578 crore against Rs 8126 crore), while personal income tax (including FBT, STT and BCTT) grew at 5.92 per cent (Rs 15,559 crore as against Rs 14,690 crore0.Overall refund outgo during the period increased by 26.19 per cent (Rs 11,375 crore ...
TDS is applied on services that the government specifies, and the tax is deducted by using the rates that the government specifies for a period. The rate of deduction is based on the status of the entity that receives the payment or provides the service. Statuses include Individual, Hindu ...
An added reduction of up to 30% in net income from investments in tangible fixed assets (spread at 5% annually for six years). Faster depreciation and cost spreading. The option to carry forward losses for an extended period of up to ten years. ...
This Article builds a simple two-period OLG model to discuss the relationships among population aging,commodity tax burden on the elderly and fiscal sustainability.The results of theoretical analysis show that,the proportion of old population has a "U-shaped" relationship between fiscal sustainability:...
In India, any profit or gain arising from the sale of a capital asset is deemed as capital gains and is charged to tax under the Income-tax Act, 1961. They are classified as short-term capital gains or long-term capital gains, depending on the period for which the capital asset has be...
This paper aims to study the impact of services trade on India's economic growth and current account balance during the post-reform period. Earlier studies... MP Thomas - 《Journal of International Trade & Economic Development》 被引量: 0发表: 2019年 Impact of e-commerce on India's exports...
The next five years will be a period of significant technological advancement for professional services including the tax arena. It is hard to predict precisely what new developments will emerge but we can look to current and recent trends to guide our predictions for the future digital landscape ...