GST Council cuts tax rates on 29 items, discusses simpler return-filing process

GST Council cuts tax rates on 29 items, discusses simpler return-filing process

The Goods and Services Tax Council (GST Council) on Thursday cut tax rates on 29 products and 54 services at its 25th meeting and agreed to make the process of filing tax returns simpler. At the meeting chaired by finance...
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NSC, PPF: Latest Interest Rate, Income Tax Benefits And Other Features

NSC, PPF: Latest Interest Rate, Income Tax Benefits And Other Features

PPF (Public Provident Fund) and NSC (National Savings Certificate) are popular small savings schemes. The government has revised lower interest rates for small savings schemes, including NSC, KVP and PPF, for the quarter starting January 1, 2017. The interest ...
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Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

Latest Interest Rate On PPF, Income Tax Benefits, Withdrawal, Loan Facilities And Other Details

The rate of interest on PPF is compounded annually (Representational image) HIGHLIGHTS PPF, other small savings schemes interest rates are set every quarter Deposits in PPF account are eligible for tax deductions under Section 80C Up to Rs. 1.5 lakh...
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Bitcoin should not be seen as a way to evade tax: Unocoin founder

Bitcoin should not be seen as a way to evade tax: Unocoin founder

Bitcoin may be in for a “correction” in terms of its price in the first or second quarter of 2018 but will end the year selling at a higher rate, according to the Indo-Canadian co-founder of Indian Bitcoin company Unocoin....
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Wall Street giants Warren Buffett, Larry Fink criticise Trump’s tax reform plan

Wall Street giants Warren Buffett, Larry Fink criticise Trump’s tax reform plan

President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the US corporate rate. With the White Hou...
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Andrew Coyne: Most small businesses go nowhere, why tilt the tax system in their favour?

Andrew Coyne: Most small businesses go nowhere, why tilt the tax system in their favour?

Whatever else has divided the federal Liberals from their critics in the storm over their proposed reforms to the taxation of small business, the two sides have been united on one thing. The Liberals may believe some people have “abused”...
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