Tax refund in favour for exports to US

The government is considering a scheme to refund taxes imposed on India’s exports to the US that will suffer loss of competitiveness once the concessional duties enjoyed under the Generalised System of Preferences (GSP) are withdrawn. A Rebate of State Levies (ROSL) kind of scheme, which would refund unrebated taxes that are Read more…

Income tax slab for fy 2019-20

Under Section 87A of the Income Tax Act, taxpayers with income up to ₹5 lakh will get full tax rebateFor salaried taxpayers, standard deduction has been raised from the current ₹40,000 to ₹50,000 With the start of the new financial year 2019-20 from this month, it is time to start your financial planning Read more…

Foreign investors to pay higher taxes starting from April 1

The changes in DTAAs may also help improve corporate governance standards for the listed companies in IndiaSebi has also amended insider-trading regulations Mumbai: Changes in the Sebi listing and prevention of insider-trading regulations, revisions in the double-taxation avoidance agreements (DTAAs) with Mauritius and Singapore are set to come into effect from April 1. The Read more…