Jeff Bezos attacks Biden's economic policies. White House reacts
The Amazon founder hit out at U.S. president Joe Biden for linking inflation with corporate taxes.
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Lower tax rate for new manufacturing units to have sunset clause: Tarun Bajaj
The Finance Bill 2022 has extended the last date for commencement of manufacturing or production under section 115AB from March 2023 to March 2024.
Budget 2022: Good news on corporate tax
Expected growth in corporate tax collections during FY22 indicates a strong economic revival in spite of Covid-19.
Budget 2022: How to raise revenue with right tax policies
Should not resort to self-defeating measures that hurt revenue in short and long run such as high tax on individuals but low tax on corporates.
Budget 2022: Slash tax rate to 25%; exempt WFH expenses, says Deloitte
Deloitte believes the move is needed to bring parity in personal income tax with the corporate tax rate that were reduced in 2019
Ensure tax parity among corporates, SMEs & LLPs: Assocham
Assocham's pre-budget memorandum to the finance ministry pointed out that the Finance Act of 2019 increased the surcharge on individual taxpayers.
Why high GST collection is bad taxation and bad economics
The hype over high GST collection hides the falling corporate tax and rising oil tax, both of which put higher burden on the poor, keep consumption demand low and drag growth down
Advance tax zooms past pre-Covid level; up 53% at ₹4.59 lakh cr
Advance tax collection in April-December FY22 is up 49.76% over the corresponding period in FY 2018-19 when the advance tax collection was ₹3,07,096.3 crore.
FY21 fiscal deficit seen at 7.6% of GDP
Motilal Oswal Financial Services estimates India’s fiscal deficit at ₹14.6 lakh crore in FY21, while GDP could contract by 6.5% against its earlier estimated decline of 4.7%.
Budget blues continue for markets on Monday
Following Saturday’s 987.96-point fall, the S&P BSE Sensex closing at 39,872.31, just 136.78 points higher, on Monday shows that the markets are still unhappy with the Budget.
