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Taxes-Indirect Taxes

CBDT Processes Refunds Worth Rs 1.19 Lakh Crore To 1.02 Crore Taxpayers

Nov 18, 2021 Outlook Money Team

CBDT has issued IT refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from April 1,2021 to November 15,2021. This includes 67.99 lakh refunds of AY 2021-22 amounting to Rs. 13,140.94 crore.

Tackling Climate Crisis: US Democrats Propose Higher Tax On Imports With Huge Carbon Footprints

Jul 20, 2021 Outlook Web Bureau

Two influential Democrats are planning to levy a tax on countries that do not follow the rules for limiting climate change.


Waive Taxes On Medical Equipment, Medicines For Covid: Mamata Banerjee To PM Modi

Mamata Banerjee also urged Modi to strengthen health infrastructure and augment supplies of equipment, medicines and oxygen for the treatment of coronavirus-positive patients

Net Direct Tax Mop Up Exceeds Revised Estimates At Rs 9.45 Lakh Crore In FY21

Apr 09, 2021 PTI

Central Board of Direct Taxes (CBDT) Chairman P C Mody on Friday said the income tax department has exceeded the revised estimates despite issuing substantial refunds in the 2020-21 fiscal.


Non-Tax Revenue Generation, Leveraging Digital

Basic economics shows that indirect taxation distorts the economy and how direct taxation is discriminatory in nature, as many are outside the purview of direct taxes.

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31 October, 2020

Himachal Economy Shows Signs Of Recovery, Revenue Collections Record High Post Lockdown

Ashwani Sharma

Revenue collection in October shows a 22% jump compared to the previous year; it had fallen drastically between March-April due to the lockdown.


17 December, 2019

Govt Sets Rs 1.1 Lakh Crore Monthly GST Collection Target

PTI

In the meeting, the GST target was set at Rs 1.10 lakh crore every month between December 2019 and March 2020.


20 September, 2019

Surprised Markets Jump Over 5% To Show Highest Gains In 10 Years

Outlook Web Bureau

More than Rs 7 lakh crore worth of wealth was added as market capitalisation on the Bombay Stock Exchange, welcoming the finance minister’s announcement to reduce effective corporate income tax by almost 10 percentage points from 34.94 to 25.17.


05 July, 2019

Five Takeaways For Middle Class From Union Budget 2019-20

Outlook Web Bureau

Finance Minister Nirmala Sitharaman presented the Union budget on Friday and said the NDA government had set the ball rolling for a "new India" in its first term, saying there is a lot to cheer about for the middle class.


05 July, 2019

Live Updates: Union Budget 2019 Has Been Presented With A 10-Year Vision In Mind, Says FM Sitharaman

Outlook Web Bureau

Finance Minister Nirmala Sitharaman presented the first budget of the Modi government in its second term. Sitharaman said India needs to make structural reforms to achieve USD 5 trillion economy in the next few years. Follow live updates here


04 April, 2019

India's 'Tremendously High' Tariffs On American Products Not Fair: Donald Trump

Outlook Web Bureau

Trump has repeatedly claimed that India is a 'tariff king' and imposes 'tremendously high' tariffs on American products.


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28 March, 2019

Will Give 3-Year Blanket Pass To New Ventures, Abolish Angel Tax For Startups If Voted To Power: Rahul Gandhi

Outlook Web Bureau

The Congress president said another idea that came up during discussions with entrepreneurs was the opening of the banking system to young business-persons and providing them access.


25 December, 2018

Rahul Gandhi Takes Dig AT PM Modi For Ignoring BJP Worker's Question On Middle Class

Outlook Web Bureau

The Congress President has repeatedly questioned Modi for not holding a press conference since he became the Prime Minister in 2014.


24 December, 2018

GST Slabs Of 12 And 18 % To Be Merged With Rise In Revenues, Says Arun Jaitley

Outlook Web Bureau

Dismissing the criticism of GST as ill-informed and motivated, Jaitley said the new indirect tax regime has led to lower taxes, lower inflation and reduced evasion.


23 December, 2018

PM Modi Feeling Scared, Changed GST Rates Due To Election Defeats: Rahul Gandhi

Outlook Web Bureau

Gandhi also attached a video of his election campaign during the Gujarat Assembly polls last year in which he had made the GST's "flawed implementation" a key issue.


03 October, 2018

Trump Taxes: New York Authorities Examine President's Tax Affairs

Outlook Web Bureau

President Donald Trump probed against tax schemes that include instances of outright fraud


22 July, 2018

Govt Cut GST Rates With Eye On Assembly Polls: Chidambaram

Outlook Web Bureau

When the GST council reduced the number of items attracting the top 28 per cent tax rate to just 50 from 228 in November last year, Chidambaram had said the decision had been taken to further the chances of the BJP in Gujarat where the election was due then.


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12 July, 2018

Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

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Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz