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Surcharge News

03 Feb 2017

Arun Jaitley defends surcharge levy, says rich must pay more

Finance Minister Arun Jaitley Friday justified levy of 10 percent surcharge on rich saying the resources in a largely non-tax compliant society will have to come from the more affluent.

Central Board of Direct Taxes

19 Apr 2016

Double taxation on your overseas income may soon go

Central Board of Direct Taxes

19 Apr 2016

Double taxation on your overseas income may soon go

20 Jul 2015

US sets capital surcharges for largest 8 banks

The US Federal Reserve set Monday tough new capital surcharges for the country's eight largest banks in a new post-economic crisis effort to reel in "too-big-to-fail" institutions.

Economic Survey 2013-14

09 Jul 2014

Economic Survey 2013-14: Bad taxes like cess, surcharge need to go

Referring to the Goods and Services Tax, the survey said there is consensus that the GST will be a major milestone for indirect tax reform in India.

10 Jun 2014

Economists for lowering of interest rate, removal of cess

Economists Tuesday asked Finance Minister Arun Jaitley to lower interest rate, rationalise subsidies, remove all cess and surcharge, do away with the retrospective tax amendments and scrap dividend distribution tax to revive investment cycle and promote growth.

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