I-T drive to target tax evasion in joint deals | India News

NEW DELHI: The income tax department is set to launch a drive to nudge people who entered into joint development agreements, but didn’t pay capital gains, to deposit the requisite tax. In Kolkata and Bengaluru alone, there are 25,000 to 30,000 such entities have been identified, said sources.Joint development agreements — a deal between real […]

Canadian PM Mark Carney reverses capital gains tax hike to promote small business and investment growth

Canadian prime minister Mark Carney announced cancelling the proposed increase to the amount of capital gains subject to taxation. The move reversed a major element of the 2024 federal budget, to support small businesses and encourage private investment.“Cancelling the hike in capital gains tax will catalyze investment across our communities and incentivize builders, innovators and […]