Tax

Finance Minister Nirmala Sitharaman on Sunday clarified that NRIs will be taxed only on incomes generated in India and not on their global income. "What we are doing now is that the income of an NRI generated in India is taxed here. If…

New Delhi: If you are an honest taxpayer and among the top 10 tax paying individuals in your district, chances are you would be entitled to special privileges. The Economic Survey for 2018-19, tabled in Parliament on Thursday, has…

New Delhi: The Centre is planning to levy tax on cash withdrawal of Rs 10 lakh a year if media reports are to be believed. 1. According to a front-page report in The Times of India on its Monday edition, the aim is to encourage digital…

New Delhi: Ahead of the general elections, Narendra Modi government is understood to be working on a proposal to provide relief to the middle class tax payers who fall in the lowest personal tax slab of five per cent. Indications are that…