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January 10, 2023 08:39 AM IST One of the demands if for uniform taxation of capital gains from mutual funds and Unit-Linked Insurance Plans issued by insurance companies
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January 06, 2023 04:48 PM IST In this segment of the crypto live show with Manisha Gupta, we will talk about all the news, views and analysis of the cryptocurrency markets. Punit Agarwal, Founder of KoinX, talks about crypto in India and its tax filings. Watch!
- January 06, 2023 03:48 PM IST
D-Street is keenly awaiting significant announcements on infrastructure spending, tax sops, disinvestment and more
- January 06, 2023 09:16 AM IST
Budget 2023 must make an effort to increase the section 80C tax deduction limits. Retail investor would benefit if they could save more taxes. A study of inflows into ELSS funds or tax-savings funds shows that when Section 80C tax deduction limits were enhanced, the last time, to Rs 1.5 lakh, flows into these funds went up.
- January 03, 2023 10:52 PM IST
In 2021-22, the government's GST collection in the first three quarters was recorded at Rs 33,691 crore.
- January 03, 2023 06:24 AM IST
The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been increased to Rs 2,100 per tonne from Rs 1,700 per tonne, the order dated January 2, said.
- December 31, 2022 07:48 PM IST
The economists strongly suggested that increasing inflation, which has put the country's budget under pressure, and urgent need of fresh cash can be met by levying taxes on demerit products like tobacco.
- December 28, 2022 08:30 AM IST
If you’ve missed the July 31 deadline to file your ITR, you can file a belated return by December 31. Else, you may have to pay higher penalties and face heightened scrutiny.
- December 28, 2022 06:21 AM IST
The Democratic-controlled committee obtained the returns last month as part of an investigation into Trump's taxes, after a lengthy court battle that ended with the U.S. Supreme Court ruling in the committee's favor.
- December 27, 2022 06:22 AM IST
According to the newspaper, bulk purchases of iPhones by foreign shoppers were discovered at some Apple stores with at least one transaction involving an individual buying hundreds of handsets at once and the store missed taxing at least one possible reseller.
- December 23, 2022 02:16 PM IST
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad issued notices to the NHAI and the Ministry of Road Transport and Highways (MoRT&H) on the petition which contended that the rule was discriminatory, arbitrary and against public interest as it empowers the NHAI to collect toll at double the rate, if paid in cash.
- December 22, 2022 08:32 AM IST
Once the finer details are worked out, buyers of under-construction property will be soon able to reclaim the GST paid on the property directly from the government if the person opts out of the deal and the time period for the developer to refund the money has expired.
- December 20, 2022 10:16 AM IST
The federal finance ministry is looking to relax a tax clause, which would require the buyer of IDBI Bank to pay additional tax if the share price rises post the final bid, one of the officials said.
- December 19, 2022 10:14 AM IST
The changes made to capital gains tax laws over the years have resulted in a maze of complex provisions that have made the rationale incomprehensible in some cases
- December 17, 2022 05:41 PM IST
The latest meeting of the GST Council comes nearly six months after it's previous one in Chandigarh
- December 14, 2022 03:52 PM IST
From free airline tickets to a music system to free dining vouchers, any gift above Rs 20,000 by companies to individuals will now be liable for TDS.
- December 13, 2022 07:26 AM IST
Budget 2023: Tax experts feel many retail investors believe that crypto-to-crypto transfers are non-taxable, while there’s ambiguity over TDS deduction on foreign exchanges.
- December 09, 2022 08:56 AM IST
A key reason why banks are worried is that they find their deposit growth trailing their growth in lending
- December 09, 2022 08:06 AM IST
Real estate experts say that tax deduction benefits to repay principal and interest amounts haven’t been raised in many years. Interest rate hikes and increased demand through the Covid pandemic should nudge the government to give sops to home-buyers, they add.
- December 07, 2022 12:24 PM IST
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.
- December 07, 2022 08:46 AM IST
The exemption allowed for long-term capital gains on equity investments need to be further enhanced to account for inflation, rising income levels and to encourage more investors into equity markets, say analysts.
- December 05, 2022 07:58 AM IST
Designed to end China’s overwhelming dominance of the critical metals sector and passed in August, Biden’s signature Inflation Reduction Act has been welcomed as a landmark climate law that will boost EV manufacture and uptake in the US.
- December 05, 2022 07:32 AM IST
Given that some state governments have been clamouring for a return to the old pension system, some mutual fund distributors say it’s time to give higher tax deduction limits for the National Pension Scheme. Section 80C tax deductions should be linked to inflation, other distributors say.
- December 04, 2022 02:02 PM IST
The time limit of 30 days made available to the assessing officers stands reduced to 21 days, the Directorate of Income Tax (Systems) said.
- November 27, 2022 10:57 AM IST
Although at the moment India cannot afford to slash the tax rate on automobiles drastically, he said a plan to reduce cess on the industry can be looked at considering the sector's contribution to the overall GDP of the country.
