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GST recovery, petro taxes help Centre improve tax collections

New Delhi, April 13 | Good news is flowing for the government on the tax front with net indirect tax collections (GST & non-GST)...

Coercive actions, economic revival team up to lift tax mop-up

New Delhi, April 9 | In a paradox of sorts, tax collections have significantly improved in the past few months despite the ongoing Covid-19...

FY21 net tax collection at Rs 9.45L cr, exceeds revised estimates

New Delhi, April 9 | The provisional figures of direct tax collections for the financial year 2020-21 showed that net collections are at Rs...

RBI Guv calls for coordinated action to give tax relief on...

Mumbai, April 7 | Reserve Bank of India Governor Shaktikanta Das on Wednesday put onus on both Centre and the States to ensure that...

Janet Yellen proposes global minimum corporate tax

New Delhi, April 6 | United States Treasury Secretary Janet Yellen has argued for a global minimum corporate tax rate.Wall Street Journal reported that...

Yellen calls for global minimum tax on corporations

Washington, April 6 | US Treasury Secretary Janet Yellen on Monday called for a global minimum tax rate on corporations that would provide a...

Biden administration weighing corporate tax increase: Yellen

Washington, March 24 | US President Joe Biden is considering an increase in the corporate income tax rate, as one of the tax proposals...

Withholding tax on FPI debt return will stay at 5%: Finance...

New Delhi, March 17 | The withholding tax for foreign portfolio investors (FPIs) funds dealing in debt securities will continue to be levied at...

Withholding tax on FPI debt return may surge to 20%

New Delhi, March 17 | Experts have pointed out that the provision providing for concessional income tax rate of 5 per cent on debt...

Man held by DGGI officials for input tax credit fraud

New Delhi, March 11 | The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana, arrested Ravinder Kumar (aka Ravinder Garg), resident...

Income Tax department conducts searches in Kolkata

New Delhi, March 10 | The Income Tax department has carried out a search and seizure operation on various persons based in Kolkata, engaged...

No fuel tax hike in Karnataka budget for 2021-22

Bengaluru, March 8 | The Karnataka Budget for ensuing fiscal 2021-22 has not proposed increase in state tax on petrol or diesel to avoid...

ED attaches Rs 80L assets of tax official for money laundering

Bengaluru, March 4 | The Enforcement Directorate (ED) has attached assets valued at Rs 79.70 lakh of income-tax official Abhishek Tripathi and his family...

Share of cess, surcharge in tax revenue doubles in 9 years

New Delhi, March 2 | The share of cess and surcharge in gross tax revenue has nearly doubled to 19.9 per cent in FY21,...

‘Fauji Calling’ declared tax free in Delhi

New Delhi, March 2 | The Sharman Joshi-starrer upcoming film Fauji Calling has been declared tax free by Chief Minister Arvind Kejriwal in Delhi.The...

Proposed US capital gains tax could drive up FII investments in...

Mumbai, Feb 24 | The proposed US capital gains tax will drive in more FII inflows into India as well as other emerging markets,...

Glitch to rich: Markets zoom on banking stocks, proposed US tax...

Mumbai, Feb 24 | A rally in banking stocks along with expectations of healthy foreign fund inflows accelerated the rise in India's stock market...

SC allows New York prosecutor to obtain Trump’s tax records

Washington, Feb 22 | In a major setback to former President Donald Trump, the US Supreme Court has allowed a New York prosecutor, who...

Bengal govt reduces tax on petrol, diesel by Re 1

Kolkata, Feb 21 | The Mamata Banerjee-led West Bengal government on Sunday announced a reduction of Re 1 in tax on petrol and diesel....

Bhopal launches campaign to shame tax defaulters

Bhopal, Feb 19 | The Municipal Corporation here will soon come out with a unique campaign for the recovery of tax amount from big...

Musk says Biden admin gave cold shoulder on carbon tax

San Francisco, Feb 13 | Tesla CEO Elon Musk in a new interview revealed that he approached the Joe Biden administration about implementing...

No additional tax burden on people in Budget: Pradhan

New Delhi, Feb 12 | Union Petroleum Minister Dharmendra Pradhan on Friday defended the Union Budget 2021-22, saying it did not put additional burden...

People Prime Worldwide Private Limited: Hiring in Tax and Audit in...

HYDERABAD, India, Feb. 10, 2021 /PRNewswire/ -- Demand for the professionals in Tax and Audit sector is increasing in India as the country is...

Samsung seeks tax breaks for new chip plant in US

Seoul, Feb 6 | Samsung has asked Texas state officials to give tax breaks for its potential new chip plant, news reports showed Friday,...

Tax disputes worth Rs 97K cr settled so far in ‘Vivad...

New Delhi, Feb 5 | The direct tax dispute resolution scheme 'Vivad se Vishwas' brought by the Centre in March last year has helped...

Rs 103 cr in one PF account, Rs 86 cr in...

New Delhi, Feb 4 | The government was pushed into putting restrictions on tax free interest earnings on employees' contribution to various provident...

Govt accepts Finance Commission’s recommendation on lower sharing of tax proceeds...

New Delhi, Feb 2 | The Finance Ministry has accepted the 15th Finance Commission's recommendation to share 41 per cent of the net proceeds...

Activists should also file PILs on tax evasion: Delhi HC CJ

By Aakanksha KhajuriaNew Delhi, Feb 2 | Delhi High Court Chief Justice D.N. Patel on Tuesday urged the public interest activists to also bring...

No new tax measures positive for equities

New Delhi, Feb 2 | From an equity perspective, no new tax measures, focus on capital spending to boost infrastructure spend are the key...

Personal tax: Mostly procedural relief proposed for FY22

New Delhi, Feb 1 | A revenue constrained Union Budget 2021-22 did not offer much to personal taxpayers, with mostly procedural relief rather than...

Budget spared common man from more tax burden: FKCCI

Bengaluru, Feb 1 | Terming the Union Budget for fiscal 2021-22 balanced in the post-Covid pandemic, Federation of Karnataka Chamber of Commerce and Industry...

Farmers’ stir impacted levy of agricultural cess in Budget: Tax expert

By Sumit SaxenaNew Delhi, Feb 1 | The ongoing farmers' protest had an impact on the Union Budget as Finance Minister Nirmala Sitharaman announced...

No new tax for the rich, FPIs lead to 2,300-point Sensex...

New Delhi, Feb 1 | The stock markets have saluted the Union Budget with a massive gain of 2,300 points as the fears of...

Tax holiday for startups to be extended by one more year

New Delhi, Feb 1 | Union Finance Minister Nirmala Sitharaman on Monday proposed the extension of tax holiday for startups by one more year.The...

Tax deduction on affordable housing loans extended by another 1 yr

New Delhi, Feb 1 | In a bid to increase demand in the realty market, Finance Minister Nirmala Sitharaman on Monday announced to extend...

Health insurers seek higher tax deductions, lower GST on policies

New Delhi, Jan 28 | The health insurance sector has sought favourable tax treatment from the government to help penetrate this important security to...

Tax remission on electronics exports to curb imports: ICEA

New Delhi, Jan 22 | As the government emphasises on making India a manufacturing hub for mobile and electronics, the India Cellular & Electronics...

Fiscal deficit of states to hit peak of Rs 8.7 lakh...

New Delhi, Jan 20 | The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states and result in...

One held for availing fake input tax credit of Rs 82.23...

New Delhi, Jan 18 | In the ongoing drive against the availment of inadmissible input tax credit (ITC), officials of the of Central Goods...

Unsold residential units may get extended tax break

New Delhi, Jan. Jan 18 | The real estate sector may be in for further bonanza with the government looking to extend tax free...

Turkey detains 220 suspects over fuel-related tax evasion

Ankara, Jan 17 | Turkish police detained 220 suspects across 50 provinces as part of the country's biggest operation against fuel-related tax evasion.In a...

BCCI must pay tax & host T20 World Cup in India:...

By Qaiser Mohammad AliNew Delhi, Jan 14 | The cash-rich Indian cricket board should pay taxes, and not seek exemption from the central government,...

NAREDCO suggests tax rationalisation for realty in Budget

New Delhi, Jan 14 | The National Real Estate Development Council (NAREDCO) has recommended the government take up tax rationalisation measures in the upcoming...

BCCI Apex Council meet: Domestic cricket, ICC tax issue on agenda

New Delhi, Jan 13 | A curtailed Ranji Trophy season, extension of window for Indian Premier League (IPL) in the Future Tours Programme 2023-31...

FPIs may be allowed to get tax treaty benefits on dividend...

By Subhash NarayanNew Delhi, Jan 13 | The Centre may propose amendment in the tax laws to allow Indian corporates to apply tax treaty...

Income Tax Department conducts searches in Hyderabad

New Delhi, Jan 12 | The Income Tax Department has carried out a search and seizure action based on its investigation into income tax...

CBDT launches e-portal for filing tax evasion complaints

New Delhi, Jan 12 | Taking another step towards e-governance and encouraging the participation of citizens as stakeholders in curbing tax evasion, the Central...

Nizam’s jewels: Family seeks settlement of unresolved tax issue

Hyderabad, Jan 12 | Family members of VIIth Nizam Mir Osman Ali Khan have urged the government of India to resolve the Nizam...

Tobacco tax hike can fetch more revenue, save more lives

By Sanjay KumarWith the Covid-19 pandemic hitting the countrys economy hard, preparation of the Union budget for the next fiscal is a big challenge...

Tax sops for Covid hit Aviation Sector may come in Budget...

New Delhi, Jan 9 | Ahead of the Budget 2021, the government has hinted at rationalization of various taxes in the aviation sector, which...

Business

DoT gave many warnings to e-commerce firms on selling mobile signal...

New Delhi, April 17 | The Department of Telecommunications had repeatedly warned e-commerce companies in 2016 and 2019 for sale of unauthorised mobile signal...