Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit

The CBDT circular extending the timeline for verification of all previous years' ITRs is a well-structured move by the government as it is doing its every bit to ease the cash flow for citizens

The Delhi State Trade and Taxes Department under Deputy Chief Minister Manish Sisodia has served notices to all defaulters under (Form) 3A of GST Act to pay taxes due within 15 days failing which it will proceed with further action

In a letter to Principal Chief Commissioners of Income Tax, the CBDT chief stated that though several taxpayers are waiting to file their applications under 'Vivad Se Vishwas' scheme, they are also expecting an accurate tax demand to be intimated to them

Of the Rs 87,422 crore, Rs 16,147 crore was collected as CGST, Rs 21,418 crore as SGST, Rs 42,592 crore (including Rs 20,324 crore collected on import of goods) as IGST and Rs 7,265 crore (including Rs 807 crore collected on import of goods) as Compensation Cess

The DGGI Nagpur zonal unit, in a statement issued on Friday, said that tax evasion came to light following searches conducted on July 28 and 29 at the two liquor manufacturing units

Global studies show ownership does not make enterprises efficient, factors like competition, autonomy, regulation and institutional development do. Evidence also shows that private sector thrives on public hand-outs in normal times and public bail-outs in crises

The government recently decided against implementing the new return format and instead stuck to the existing one with some improvements like introduction of GSTR 2B form and detailed GSTR1 and GSTR 3B forms

US is the host country of the United Nations and there is a possibility that Trump could travel to New York to address the General Debate of the 75th session of the Assembly on September 22

People who declare their gold holdings will have to deposit some of the legalised gold with the government for a few years, according to a proposition sent to PM Narendra Modi

This is the third extension given by the Centre for taxpayers to file both revised and original tax returns for 2018-19 fiscal

This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 fiscal

Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations

Profit-driven enterprises are ill-suited to protect the health and life of a vast majority of people, as the US and Indian governments experience, but do precious little, thereby failing in their primary duty

The proposal for the government to take an equity stake and in effect part nationalise the plant is said to be one of the options under discussion

Irani also said that the carpet industry will be aided as India is emerging as a key player in the international market

The two countries reviewed the situation in the region during a fresh round of online diplomatic talks under the framework of the Working Mechanism for Consultation and Coordination (WMCC) on border affairs

The study 'Decoding the Next - Gen Legal Professional' surveyed working lawyers asking them questions on how the legal profession will shape up in the future

Consolidated revenue from operations declined 17 per cent to Rs 10,478.46 crore for the quarter under review compared with Rs 12,657.90 crore in the year-ago quarter