WebNov 23, 2024 · The 2014-19 period saw steady performance in tax buoyancy. In the first half of 2024-20, the Centre’s gross tax revenue grew by just 1.5% over the same period of 2024-19. However, tax buoyancy fell further to about 0.15. This is on the assumption that the nominal economic growth in the first half is 10%. WebOct 11, 2015 · Base Erosion and Profit Shifting (BEPS) is a technical term indicating the tax avoidance strategies of MNCs that reduces the tax bases for countries. The terms base erosion and profit shifting are closely related. Usually, a company has to pay tax for its profit or income. This profit is the tax base for the government as tax is imposed as a ...
Taxation: UPSC Note on Taxation by Unacademy
WebJan 17, 2024 · Coming to tax benefit, repayment of principal amount in a home-loan qualifies for deduction under section 80C, which has an upper limit of Rs 1.50 lakh per annum. Since the same section - 80C, accounts a number of other investments including PF, PPF and life insurance policies etc, it becomes impossible for a buyer to take advantage of any benefit … WebJul 6, 2024 · Why in News. India and the majority of the members of OECD-G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) have joined a new two-pillar plan to reform international taxation rules.. The two-pillar plan - inclusive framework tax deal on Base Erosion and Profit Shifting (BEPS)-seeks to reform international tax rules and ensure … nature\u0027s bounty cell phone commercial
The Big Picture - How to Widen the Tax Base? IASbaba
WebNov 23, 2024 · However, GOI is making consistent efforts to find out an effective way that would widen the income tax base in India. Without even affecting much on the purchasing … WebAug 8, 2024 · The individual taxpayer base should be widened to increase revenue ... Thus focus should be on widening the tax base rather than simply deepening it. Source: Indian Express . For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel ... UPSC Prelims and Mains Exam – 14th April 2024 [DAY 35] 60 DAY ... WebIncome, corporate, capital gains, property, and sales taxes are all examples of taxes. The topic of taxation is very important for the UPSC IAS Exam. In this article, we will see the meaning of taxation, its types, methods of taxation and tax ... Apple would have repaid the US government $65.4 billion in taxes. Base erosion and profit ... nature\\u0027s bounty cholestoff