Infosys was the top Sensex loser today falling 5% to Rs 765.30.  It slid up to 7.83% to Rs 742.1 on BSE. Similarly, Tech Mahindra and TCS lost 2.52% and 2.44% on Sensex, respectively.

The GST Council on September 20 took an in principle decision to link Aadhaar with registration of taxpayers under GST and also examine the possibility of making the 12-digit unique identification number mandatory for claiming refunds.

Corporates accounted for about 1.6 per cent of total taxpayers, as per the tax returns for assessment year 2017/18 but they contributed over 55 per cent to income taxes during the same year

MAT is a tax provision reintroduced in 1997 in an attempt to bring zero-tax-high-profits companies into the income tax net. It is calculated on the basis of the book profits of a company, not its taxable income

All these moves would cost the government exchequer Rs 1.45 lakh crore. The question though is if a significant part of this money would flow as investments in the short to medium term

Corporate tax cut: Kiran Mazumdar Shaw said that the move will revive growth and investment, while Uday Kotak called it a bold and progressive step forward.

The benchmark Sensex spiked over 5 per cent, 2,256 points to 38,349, after the FM Sitharaman slashed basic corporate tax rate to 22 per cent from 30 per cent while for new manufacturing companies it has been cut down to 15 per cent from 25 per cent.

Corporate tax cut: The tax rate has been cut to 22 per cent from the existing 30 per cent. For new manufacturing companies, the existing tax rate of 25 per cent has been brought down to 15 per cent.

The current corporate tax rate is 30%, which has been brought down to 22%. For new manufacturing companies the existing tax rate is 25% which has been brought down to 15%

FM Nirmala Sitharaman announced that effective corporate tax rate, inclusive of all surcharges and cess, for the domestic companies would be 25.17%, and that for new manufacturing companies would be 17%

The circular clarifies that that the scope of discretion by tax officials will be minimum under the scheme as calculation of exemptions and waivers are going to be automated

The Central Board of Direct Taxes recently said if a start-up recognised by DPIIT is under limited scrutiny on angel tax, the contention of the start-up will be 'summarily' accepted by the assessing officer

Why GST collections have been short of target. And why they may not pick up any time soon

The tax regulator said in a circular on Wednesday that a computer-generated Document Identification Number (DIN) will be allotted to all notices and orders from the tax department starting October 1, and any communication not in conformity with this new system will be treated as invalid.

Super 30 Box Office Collection: Hrithik Roshan's film Super 30 has completed three weeks at the box office, and it's still going strong. The film has turned out to be one of the most successful films of 2019.