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2 mins read
New Vivad Se Vishwas 2.0 tax resolution scheme to start on Oct 1 — what you need to know
The government has set October 1, 2024, as the launch date for Vivad Se Vishwas 2.0 to address dire…
2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
4 mins read
GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout
The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…
PTI
8 mins read
Hindenburg target SEBI chief, she calls charges baseless, Adani says no commercial relationship with SEBI head
Madhabi Puri Buch and her husband Dhaval Buch in a joint statement strongly denied the "baseless al…
PTI
2 mins read
Ministers' panel may recommend 28% GST on online gaming with a revised calculation formula
Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, w…
PTI
1 min read
Colgate Palmolive gets Rs 170 cr Transfer Pricing Order from Income Tax authorities
Leading oral care products maker Colgate-Palmolive (India) has received a Rs 170 crore Transfer Pri…
PTI
4 mins read
Parliamentary panel recommends setting up of population-based cancer registries in rural areas
It said for better policy formulation on cancer treatment and uniform distribution of cancer c…
PTI
2 mins read
28% GST on crypto transactions? India is reportedly mulling another tax levy next week
A group of ministers is reportedly set to discuss a GST on cryptocurrency transactions in the count…
3 mins read
Adani-Hindenburg row: SC to pronounce order on panel of experts on Thursday
The Supreme Court is scheduled to pronounce on Thursday its order on a batch of PILs on the recent …
PTI
2 mins read
Direct taxes in India will be a lot simpler if Nirmala Sitharaman accepts these 3 proposals
The panel has proposed to alter tax brackets, revamp the Income Tax Act and make it tax-payer…
1 min read
Crypto currencies have no underlying value, says RBI official
Crypto currencies cannot be referred to as "currencies" as they have no underlying value, a central…
PTI
3 mins read
G20: How India emerged as the voice of Global South
Throughout its presidency of the G20, India shares a vision of being the voice of the Global South …
ANI
2 mins read
The Indian government has instituted a panel to make the country’s 57-year old income tax law ‘more comprehensible’
He said that the mandate of the taskforce does not include changes to tax rates or new taxat…
2 mins read
Direct tax treatment for startups should be separate, says a panel appointed by Finance Minister Nirmala Sitharaman
The thrust seems to be in ensuring that there is no direct interface between the taxman and the …
1 min read
GST on casinos, lotteries, horse races deferred as Nirmala Sitharaman reconsiders
The GST Council on Wednesday deferred decision on levying a 28 per cent tax on casinos, online gami…
PTI
2 mins read
Par panel asks govt to prevent misuse of input tax credit under GST as collection slows
New Delhi, Dec 10 () A Parliamentary panel on finance on Tuesday observed that the Goods and Servic…
PTI
3 mins read
New income tax slabs 2020, income up to ₹5 lakh exempt
New tax slabs have been proposed by the Direct Tax Code panel to boost consumption and investment. …
2 mins read
How to calculate house rent allowance while computing income tax
House Rent Allowance (HRA) is provided to an employee to cut down the income tax liability. Th…
3 mins read
OPINION: These tech issues need clarity and amendments
India’s tax regime is being geared up to cover newer tech business models. However, …
4 mins read
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