Govt Wants To Remove All Tax Exemptions: P. Chidambaram

Finance minister Nirmala Sitharaman’s budget for 2023–24 may have promised further momentum to the economy through a push on infrastructure, but, according to the opposition, it has failed to address the needs of the poor and the middle class. Congress leader and former finance minister P. Chidambaram tells Pragatti Oberoi how the government’s claims on allocations for infra projects could be exaggerated and the budget could push the middle class away from saving money. Edited excerpts:

Pragatti Oberoi - February 27, 2023

Tax Collector’s Crypto Conundrum

There needs to be a focused and consolidated dialogue between the government and the industry on these matters to ensure that there is clarity and a structured approach is devised to deal with cryptocurrencies, non-fungible tokens and the like

Tapati Ghose - February 27, 2022

Chasm

As the future of digital economy stares us in the face, governments across the world are still trying to navigate the complexities of cryptocurrency to find ways of defining and regulating it

Suchetana Ray - February 27, 2022

‘Proposed Crypto Tax A Blow To Young Investors’

It must be ensured that all exchanges operating in the country are also registered here, says Nischal Shetty, founder and CEO of the popular crypto exchange WazirX

Pallavi Chakravorty - February 27, 2022

One Nation, Many Burdens

The GST system of indirect taxation completes five years in 2022, and it already seems to have caused cracks in the idea of fiscal federalism. States feel shortchanged at losing revenue year after year. Was it worth surrendering their taxation powers to a GST Council that tends to agree with the Centre?

Kamalika Ghosh - January 28, 2022

Hassled Companies, Upset CAs

Every year, accounting professionals and e-filing portals for income tax play a cat-and-mouse game at the time of filing returns

Kamalika Ghosh - January 28, 2022

Trust

Supporters of federalism will illustrate how the idea has come under threat as the heavy hand of the Centre has limited fiscal autonomy of states, curbing their ability to make a more meaningful contribution to our development

Suchetana Ray - January 28, 2022

Black gold is the new milch cow

Petrol and diesel prices are nearing Rs.100/litre in metro cities and nearly 60% of it comprises taxes

February 06, 2021