Zomato gets ₹11.82 crore tax demand notice
Online food delivery platform Zomato has received a tax demand and penalty order of ₹11.82 crore rel...
taxes and duties
Personal income tax surge lifts direct taxes past 2023-24 goal
India’s net direct tax collections grew 17.7% in 2023-24 to hit ₹19.58 lakh crore, marginally surpas...
Inheritance tax in India | History, abolishment and revival attempts
A debate has arisen in India over ‘Inheritance tax’ following Indian Overseas Congress chairman Sam ...
Inheritance tax could nullify India's decade of progress, says Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Friday, April 26, 2024, cast her vote at a polling boot...
Over the last week, during the election campaign, the Congress’ manifesto and the party’s emphasis o...
In fresh high, gross GST revenues shoot past ₹2.1 lakh crore in April
Year-end compliances lifted India’s gross Goods and Services Tax (GST) revenues past a record ₹2.1 l...
Government cuts windfall tax on crude petroleum
The government has cut windfall tax on domestically produced crude oil to ₹8,400 per tonne from ₹9,6...
GST has helped people with a pro-poor approach, says Nirmala Sitharaman
The Goods and Services Tax (GST) regime has benefitted people through a pro-poor approach, Union Fin...
Former U.S. president Donald Trump may face an IRS bill in excess of $100 million after a government...
SC grants telcos’ interest waiver on tax dues on licence fees
The Supreme Court has given a major relief for telecom service providers, including Bharti Airtel, R...
GST collection rises 10% to ₹1.73 lakh crore in May
The country's gross GST collections rose to ₹1.73 lakh crore in May, growing 10% year on year driven...
Windfall tax on crude petroleum cut to ₹5,200/tonne
The government has reduced windfall tax on domestically-produced crude oil to ₹5,200 per tonne from ...
Pakistan and IMF disagree over new income tax rates that will burden salaried class
Talks between Pakistan and the IMF have ended inconclusively due to a disagreement over new income t...
Instant flour mixes for dosa, idli, khaman cannot be classified as sattu; to attract 18% GST
Instant mixes, including idli, dosa and khaman flour, cannot be classified as chhatua or sattu and 1...
'Third-rate PR': Congress on government authorising release of tax devolution to states for June
The Congress slammed the Centre on Monday after it authorised the release of tax devolution to State...
GST Council to meet for the first time this year on June 22
The Centre has decided to convene a meeting of the Goods and Services Tax (GST) Council on June 22, ...
