Taxation

Around 1,000 companies would save nearly Rs 37,000 crore due to recent corporate tax rate cut, according to a Crisil report on Sunday.   A study of nearly 1,000 companies, spread across 80 sectors, which cover over 70 per cent of the National Stock Exchange's market capitalisation...
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Corporate tax reduction is credit positive for companies but increases the government's fiscal risks, global rating agency Moody's said on Saturday.   On September 20, Finance minister Nirmala Sitharaman announced a reduction in the base corporate tax rate to 22% from 30% as part of...
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With an aim to boost market sentiments, finance minister Nirmala Sitharaman on Friday announced rates cuts for corporates. While the corporate tax rate has been reduced to 22% from 30%, new manufacturing companies can pay an income tax of 15% instead of 25%, provided that they do not seek...
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Following an investigation aided by information received from agencies in several countries, the Income Tax (I-T) department has served notices to Mukesh Ambani’s wife Nita Ambani and their three children under provisions of the 2015 Black Money Act, says a report in the Indian...
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In the biggest ever pan-India joint operation against fraudulent claim of IGST refunds, the Directorate General of GST Intelligence (DGGI) and the Directorate General of Revenue Intelligence (DRI) have busted a major racket of fake invoices worth Rs 3,500 crore involving...
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