Business

PM Modi unveils ‘clear taxation’ platform: Key factors

NEW DELHI: Prime Minister Narendra Modi on Thursday unveiled the much-awaited ‘Clear Taxation – Honoring the Sincere’ platform with the intention to “reform and simplify our tax system.” The following part of direct tax reforms is aimed toward easing compliance and rewarding sincere taxpayers, as the federal government appears to rebuild the pandemic-hit economic system. Listed here are the important ...

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I-T officers to be truthful, courteous; taxpayers ought to be trustworthy, compliant: Constitution

NEW DELHI: The tax division has dedicated to deal with each taxpayer as trustworthy, until confirmed in any other case, and supply truthful, courteous and affordable therapy, in accordance with the taxpayers’ constitution adopted on Thursday. The constitution additionally expects taxpayers to pay taxes on time and be trustworthy and compliant. Prime Minister Narendra Modi launched the platform ‘Clear Taxation ...

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PM Modi unveils ‘clear taxation’, rights’ constitution for taxpayers

NEW DELHI: Prime Minister Narendra Modi on Thursday launched the ‘clear taxation’ platform, which brings into impact faceless evaluation of taxpayers, and the rights’ constitution for the taxpayers. With the ‘Clear Taxation Honouring the Sincere’ that’s geared toward carrying ahead the journey of direct tax reforms, the taxpayers wouldn’t be harassed and handled with suspicion right here on. Talking on ...

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Faceless scrutiny evaluation to extend equity in tax system: Sitharaman

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday mentioned the faceless tax scrutiny evaluation and attraction would assist ease compliance burden of taxpayers and enhance equity and objectivity within the tax system. Prime Minister Narendra Modi launched the platform ‘Clear Taxation – Honoring the Trustworthy’ which gives for launch of faceless evaluation and adoption of a taxpayer constitution. Additionally the ...

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Centre’s new faceless evaluation scheme: Options and exceptions

NEW DELHI: Prime Minister Narendra Modi on Thursday unveiled ‘Clear Taxation – Honoring the Trustworthy’ platform in an effort to “reform and simplify our tax system.” In the course of the launch of tax platform, he said that sincere taxpayers play necessary position in nationwide growth. “The brand new platform launched has main reforms like faceless evaluation, faceless attraction and ...

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China extends anti-dumping tariff on Indian fibre optic product

SINGAPORE: China is extending an anti-dumping tariff on a fibre optic product made in India, the Ministry of Commerce stated on Thursday. The punitive tariff on single-mode optical fibre takes impact from August 14 and lasts for 5 years, with tariffs ranging between 7.4% and 30.6% relying on the precise Indian producers, the ministry stated. China beforehand slapped an anti-dumping ...

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Zydus Cadila launches India’s most cost-effective remdesivir model at Rs 2,800 per vial

BENGALURU: Zydus Cadila on Thursday launched the most cost effective generic model of Gilead Sciences’ antiviral drug remdesivir in India to deal with Covid-19 following studies of shortages at hospitals on the planet’s third-worst hit nation. Zydus has priced it at Rs 2,800 ($37.44) per 100mg vial. Will probably be offered underneath the model title Remdac to authorities and personal ...

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ByteDance in talks with RIL for funding in TikTok: Report

NEW DELHI: China’s ByteDance is in early talks with Reliance Industries Ltd for an funding in its video-based app TikTok’s enterprise in India, a tech web site reported citing sources. The 2 firms started conversations late final month and haven’t reached a deal but, based on the report. Reliance, ByteDance and TikTok didn’t instantly reply to Reuters requests for remark. ...

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Trump admin makes exception to visa ban, permits H-1B visa holders to enter US on situations

WASHINGTON: The Trump administration has relaxed some guidelines for H-1B visas holders permitting them to enter the USA if they’re returning to the identical jobs that they had previous to the proclamation of the visa ban. The US division of state advisory stated dependents (spouses and kids) may even be allowed to journey together with major visa holders. “Journey by ...

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Nitin Gadkari requires international funding in highways, MSME sectors

NEW DELHI: Union minister Nitin Gadkari on Wednesday known as for elevated funding by worldwide establishments and our bodies within the Indian highways and MSME sectors, the MSME ministry mentioned. Highlighting street security measures taken by the nation, the minister additionally mentioned that the target is to got down to obtain zero street fatalities by 2030. The minister for street ...

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