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Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Income-tax rate for individuals may be cut soon

This has been suggested by a committee set up to recommend changes in the direct tax code.

25 Sept 2019 2:20 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Govt says no plans to revise fiscal deficit target or cut spending now

Govt cut corporate tax rates in a surprise move designed to woo manufacturers, revive private investment and lift growth...

23 Sept 2019 10:58 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Tax reform in driblets keeps the party going

Readers will recall the short history of corporate tax reductions under Modi 1.0.

23 Sept 2019 1:09 AM IST

International rating agency Moodys Investors Service on Tuesday warned that weak growth prospects for India will complicate the governments fiscal consolidation efforts, weighing on the sovereigns credit quality.

Corporate tax cut positive but growth faces headwinds: Moody's

On Friday, the Centre announced a reduction in the base corporation tax rate to 22 per cent from 30 per cent.

21 Sept 2019 1:16 PM IST

Congress MP Kapil Sibal

Rich will benefit, poor left to fend for themselves: Sibal on tax cut

The Congress on Friday had termed the corporate tax cut a 'panic reaction' by the government.

21 Sept 2019 12:54 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

US corporate sector hails India's move to slash income tax rate for...

Government slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent.

21 Sept 2019 9:49 AM IST

Finance Minister Nirmala Sitharaman. (Photo: ANI)

Now CSR funds can be spent on incubators and universities

According to Mohammad Azhar, Program Leader, INVENT at Villgro, it is a welcoming step to go from 'good to great'.

21 Sept 2019 2:56 AM IST

Wadhera emphasised that these are indeed landmark announcements and would certainly help in reviving growth in the economy.

Corporate tax cut cheers Auto Inc

Move may spur demand for contract manufacturing.

21 Sept 2019 2:52 AM IST

The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Market turns bullish on tax cut, Sensex vaults 1921 points

The biggest gain for the Sensex was 2,111 points rise on May 18, 2009.

21 Sept 2019 2:45 AM IST

Finance minister Nirmala Sitharaman during a press conference in New Delhi on Saturday. (Photo: Asian Age)

Corporate taxes slashed, Sensex zooms 1,921 points

Modi 2.0's 'big bang' reform raises hopes of jobs, growth.

21 Sept 2019 1:12 AM IST

The youth of the country is facing problems in finding jobs and there is growing disappointment and frustration among them. (Photo: ANI)

Youth Congress stages protest over economic crisis near FM...

He claimed the present government had no concrete plan for uplifting the economic state of country.

20 Sept 2019 8:46 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Corporate tax cut to give 'necessary fillip' to economy: Piyush Goyal

The minister is hopeful that businesses will be able to take benefit of these measures to spur growth.

20 Sept 2019 1:28 PM IST