Tag: taxes

Kearney study recommends measures to improve Tamil Nadu’s fiscal capacity

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Kearney study recommends measures to improve Tamil Nadu’s fiscal capacity

Image used for representation | Photo Credit: Getty Images With a revenue deficit of ₹78,324 crore, an outstanding debt exceeding ₹10 lakh crore, and the own-tax-to-GSDP ratio at 5.45%, Tamil Nadu’s core challenge is not that it borrows too much; it is that it collects and spends less efficiently than comparable large States, says a…

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Business

High Income Group: ‘The Budget is a study in contrasts’

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High Income Group: ‘The Budget is a study in contrasts’

Ranjit K. Jain | Photo Credit: Special Arrangement Name: Ranjit K. Jain Profession: Distributors and channel partners Number of family members: 4 Annual Income: ₹30 lakh For a family in the ₹30-lakh income bracket, the Union Budget is a study in contrasts. While it delivers a major victory for our global aspirations, it remains stubbornly…

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Business

Union Budget 2024: Real estate sees marginal benefits

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Union Budget 2024: Real estate sees marginal benefits

Covering a wide spectrum of Indian sectors, the first Union Budget of Modi 3.0 focused on MSMEs, employment, skilling, youth, and the middle class. Yet, the Budget as such has failed to address several concerns of the real estate sector, including direct incentives to boost the affordable housing sector. It was widely anticipated that affordable…

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Business

Donald Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower: report

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Donald Trump may face a 0 million-plus tax bill if he loses IRS audit fight over Chicago tower: report

In this May 24, 2007, file photo, Donald Trump is profiled against his then-under construction 92-story Trump International Hotel & Tower in Chicago. | Photo Credit: AP Former U.S. president Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a…

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World

GST Council raises upper age limit of president and members of Appellate Tribunals

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GST Council raises upper age limit of president and members of Appellate Tribunals

Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary, Revenue Secretary Sanjay Malhotra and others during the 52nd Goods and Services Tax (GST) Council Meeting, in New Delhi, on October 7, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council has decided to raise the maximum age limit for the…

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Business