-The Indian Express As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum. The taxation of digital companies has been a key concern for G20 countries. The agenda to reform international tax law so that digital companies are taxed...
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Centre Has Paid Rs 1,364 Crore To Over 20 Lakh Undeserving Beneficiaries Under PM-KISAN
-TheWire.in/ PTI Venkatesh Nayak of the Commonwealth Human Rights Initiative said more than 20 lakh "ineligible farmers" and "Income Tax payee farmers” had been paid, according to information revealed under the RTI Act. New Delhi: The government has paid Rs 1,364 crore to 20.48 lakh undeserving beneficiaries under its ambitious PM-KISAN scheme, a reply to a Right to Information (RTI) query by the Union agriculture ministry reveals. Pradhan Mantri Kisan Sammann Nidhi (PM-KISAN)...
More »Why Modi Govt Looked the Other Way on Giving Cash Relief During Pandemic -Prabhat Patnaik
-Newsclick.in Timidity vis-à-vis international finance capital, callousness toward people, and cynicism in manipulating the electorate and legislators, have made the Modi government one of the most ultra-Right governments in the world. The Narendra Modi government must be the most timid in the world vis-à-vis international finance capital. By the same token, it must be the most callous in the world vis-à-vis the working people of the country. The one is the flip...
More »Higher Income Tax deduction on NPS likely for private sector employees
-Livemint.com Under the current Income Tax laws, if an employer is contributing towards the employee's NPS account, a deduction up to a certain percentage of salary qualifies for Income Tax deduction In the Budget 2021, tax experts expect the government to fix some anomalies in the NPS with regard to Income Tax benefits. They say that this will help in increasing the attractiveness of the National Pension Scheme. "For contribution towards Tier I...
More »Government ropes in I-T department to crack down on GST fraud -Vikas Dhoot
-The Hindu Data being pooled to track evasion, says Finance Secretary. Tightening the noose around fraudsters rigging the Goods and Services Tax (GST) regime, the government has roped in the Income Tax department to tap illicit incomes as part of a crackdown against 7,000 fraud companies, identified using data analytics tools, Finance Secretary Ajay Bhushan Pandey told The Hindu. Any income traceable to the use of fake bills and other GST frauds shall...
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