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Labour will have to ditch tax pledges sooner or later
Finances

Labour will have to ditch tax pledges sooner or later

This article is an on-site version of our Inside Politics newsletter. Subscribers can sign up here to get the newsletter delivered every weekday. If you’re

Tax Bill sparks debate: Cost Accountants and Company Secretaries seek inclusion
Business

Tax Bill sparks debate: Cost Accountants and Company Secretaries seek inclusion

Professional bodies representing cost accountants and company secretaries have voiced concerns over their exclusion from the definition of “accountant” in the newly introduced Income Tax

Reforms by stealth in personal income tax
Business

Reforms by stealth in personal income tax

After skimming through the new Income Tax Bill tabled in Parliament last week, many folks seem to be put out that it didn’t contain any

Quarter of UK employers plan to cut jobs before tax rises bite, report finds
Finances

Quarter of UK employers plan to cut jobs before tax rises bite, report finds

Stay informed with free updates Simply sign up to the UK employment myFT Digest — delivered directly to your inbox. A quarter of UK employers

Aviva India hit with .5 million penalty for tax evasion, fake invoices
Business

Aviva India hit with $7.5 million penalty for tax evasion, fake invoices

Indian authorities have ordered British insurer Aviva’s local unit to pay $7.5 million in back taxes and penalties after an investigation found it created fake

Income tax makes no economic sense
Business

Income tax makes no economic sense

So we are going to have a new income tax law soon. It will replace the old 1961 law. No matter. The government will still

New income tax Bill doesn’t take up major reform
Business

New income tax Bill doesn’t take up major reform

When Finance Minister Nirmala Sitharaman promised in her Budget speech that a comprehensive review of the Income Tax Act of 1961 was underway, it raised

New Income Tax bill: How will it impact taxpayers?
Business

New Income Tax bill: How will it impact taxpayers?

After the substantial relaxations announced under the new tax regime in the recent Budget, it was a bit unreasonable for folks to expect further miracles from

Can ELSS Thrive Under The New Tax Regime?
Business

Can ELSS Thrive Under The New Tax Regime?

A pioneering investment vehicle — Equity Linked Savings Schemes (ELSS) — was ushered into existence with the debut of the Magnum Taxgain Scheme (now called

Baijayant Panda-led panel to study Income Tax Bill before next session
Business

Baijayant Panda-led panel to study Income Tax Bill before next session

Lok Sabha Speaker Om Birla on Friday constituted a 31-member Select Committee of the lower house to examine the Income Tax Bill. The panel, headed