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Union minister Dharmendra Pradhan.
White paper to reduce tax burden on steel sector in the offing
24 Dec 2019 10:53 AM

The white paper will focus on lessening the burden of taxes, cess and other duties on the local steel industry.

GST revenues witnessed an impressive recovery with a positive growth of 6 per cent in November 2019 over November 2018 collections, an official statement said.
GST revenue grows 6 per cent, crosses Rs 1 lakh cr in November
01 Dec 2019 4:56 PM

According to official sources, the number reflects pick up in consumption and improvement in compliance as well.

In all, more than 5.87 crore income tax returns were filled, as per the statistics generated from e-filed returns submitted up to August 15, 2019.
No of crorepati taxpayers up 20 pc to 97,689 in AY 2018-19: CBDT data
12 Oct 2019 1:50 PM

The number such individuals having taxable income of over Rs 1 crore stood at 81,344 during AY 2017-18.

Profitable companies can pass on part of benefits to consumers by reducing product prices. The companies can reduce their margins a little bit, so that their sales pick up, said banker Deepak Parekh. (Photo: File)
All macros favouring India, companies should pass on tax cuts to consumers: Parekh
26 Sep 2019 5:18 PM

Our tax rates have become very competitive with government's move to lower corporate tax rates, said banker Deepak Parekh.

The brokerage expects a 6 per cent EPS upgrade for Nifty companeis as earnings growth is likely to be in the range of 20 per cent against current 16.9 per cent.
Tax cuts to boost cash flows, private capex
23 Sep 2019 1:26 AM

The concessional 15 per cent tax on new investment in manufacturing will provide level playing fields to local manufacturers.

There wont be any personal interaction between the taxpayer and the tax officer. This step aims to eliminate corruption in the tax department, said Union minister Anurag Thakur. (Photo: File)
'Faceless tax assessment to eliminate corruption in tax dept': Anurag Thakur
12 Sep 2019 5:55 PM

Infrastructure investment of Rs 100 lakh crore will be needed for achieving USD 5 trillion GDP, said Union minister Anurag Thakur.

Nearly 50 lakh people filed their tax returns online on August 31, the last date for ITR filing. (Representational image)
ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on Aug 31
02 Sep 2019 4:40 PM

Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.

So far, US have imposed tariffs of around USD 250 bn on Chinese goods, while Beijing has reciprocate with tariffs of USD 110 bn on US goods.
13 per cent companies will leave China ‘in the fairly near future’: Trump
31 Aug 2019 1:56 PM

A fresh set of tariffs are set to be imposed on Chinese products from September 1.

Union Finance Minister Nirmala Sitharaman.
Don't overreach, overstate: FM to tax authorities
28 Aug 2019 9:39 AM

To a question about GST reduction, FM said she was willing to hear everybody, "but it is not in my hands as it has to go to the GST council.

Govt plans to create an oilseed fund by imposing the 5 per cent surcharge, or cess, that will be used to help Indian farmers step up oilseed production.
Govt plans extra tax on vegetable oil imports to boost domestic output: sources
26 Aug 2019 11:20 AM

India currently imposes a 40 per cent import tax on crude palm oil and 50 per cent on refined palm oils.

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