Merchants selling goods through e-Commerce platforms and companies, supplying goods and services to various government agencies, have got more time to prepare for a system of tax collected at the source with the government on June 26, deferring enforcement of this requirement under the goods and …
Tag: TDS
Paying taxes: Why SMEs should comply with income tax provisions
India’s taxation structure provides for two types of taxes: Direct and Indirect taxes. Income Tax and Wealth Tax are Direct Taxes whereas Sales Tax, Service Tax and Excise Duties are Indirect Taxes. In Budget 2015, Wealth Tax has been abolished and at present Income Tax is the only Direct T…
Budget 2017: Nasscom seeks removal of angel tax, MAT exemption for start-ups
Reduction of long term capital gain tax, allowing tax sops for angel investors besides exemption from minimum alternate tax are some of the key recommendation suggested by India’s apex technology industry body Nasscom to the Finance Ministry ahead of the Union Budget 2017. In a note, it sug…
Fintech players upbeat about digital literacy
Financial technology startups and payments companies have cheered at the rural push in the 2016 Union budget presented by Finance Minister Arun Jaitley in the Union Parliament on February 29. With the minister giving a push towards financial literacy in rural areas, ATMs and micro ATMS in post of…
A good socio economic budget; will boost exports | S C Ralhan, President, FIEO
FIEO welcomed the measures announced by the Government to improve the socio economic scenario of the nation. FIEO Chief S C Ralhan observed that some of the measures will have good long term impact on the export sector mainly the announcement to set up 1500 multi skilled training institutes and N…
Agarwal Packers demands tax sops for logistics in budget
Logistics major Agarwal Packers & Movers has sought a set of tax sops to take India’s logistics to $300 billion business by 2020, a critical industry to push Prime Minister Narendra Modi’s ambitious Make in India plan and job creating MSME sector. Giving a long wish list to Finance Ministry, …