Search Result for : Income Tax Framework

The Dollar Business Bureau Underscoring the Goods and Services Tax as the game-changer for the Indian retail industry, retailers have urged the government for an early implementation of the new tax framework. Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to $1.3 trillion by 2020, RAI CEO Kumar Rajagopalan said.   "We are waiting for the details of early GST rollout, which, we hear is now in July. This can be a big game changer for retailers across the country," Rajagopalan told PTI.   Striking the same chord, METRO Cash & Carry India CEO & MD Arvind Mediratta said GST would also translate to ...

Many institutional entities had long demanded for a change in the existing Income Tax framework so as to relax the harsh condition imposed on the tax payers The Dollar Business Bureau Single institutional entities will be eligible for income tax exemption, if the investors meet the minimum criteria of employing at least 25 members   The government has tweaked the existing income tax framework with an aim to extend the exemption of taxes to single institutional entities. The liberalised framework will come into effect on April 1 this year and is envisaged to escalate offshore fund management activities in the domestic market. "The CBDT has issued operating rules governing Section 9A of the I-T Act, which provides for special taxation regime with effect from April ...