The tax on crude oil producers like Oil and Natural Gas Corporation (ONGC), Oil India Ltd and Vedanta Ltd alone will fetch the government Rs 69,000 crore annually considering 29.7 million tonnes of oil production in 2021-22 fiscal (April 2021 to March 2022).
Delhi Transport Minister Kailash Gahlot confirmed that the government is planning to increase the fares.
The levy on crude, which follows record earnings by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) and private sector Cairn Oil & Gas of Vedanta Ltd, alone will fetch the government Rs 67,425 crore annually on 29 million tonnes of crude oil produced domestically.
Ola Dash shuts down at a time when India's quick commerce market is all set to witness 15 times growth by 2025, reaching a market size of nearly $5.5 billion.
The unions have refused to call of their strike despite an announcement by the Delhi government to form a committee to consider fare revision in a time-bound manner.
Reflecting buoyancy in economy and the impact of anti-tax evasion measures, direct tax collection rose by a record 49 per cent to Rs 14.10 lakh crore, while indirect taxes posted a growth of 20 per cent to Rs 12.90 lakh crore.
Kejriwal on Thursday said the BJP MLAs demanding 'The Kashmir Files' be made tax-free in Delhi should upload the movie on YouTube and make it free for all. During his address in the Assembly, Kejriwal also accused Prime Minister Narendra Modi of using the movie for political gains.
In 2018, President Donald Trump imposed tariffs of 25% on imported steel and 10% on aluminum, calling the foreign metals a threat to U.S. national security — a move that outraged the British, Europeans and other longstanding American allies.
The Kashmir Files' success story at the box office has been unlike any. Without any major pre-release buzz or promotions, the movie is trending on par with India's biggest hits of all time. We rewind the film's journey to put things into perspective.
Many states in the country have made the movie tax-free so the movie can reach the masses better. However, tax exemptions were made in BJP-ruled states only. Here is where the non-BJP states stand.
Some Chinese companies in collusion with Indian companies were found to be issuing fake invoices to different Chinese firms/companies having Chinese nationals as directors without actual supply of services.
In order to provide a level playing field between the co-operative societies and companies, the government proposes to reduce the Alternate Minimum Tax rate for co-operative societies to 15 per cent from the current 18.5 per cent, Finance Minister Nirmala Sitharaman announced.
While Indian corporates are expecting some key announcements which will enable them to reset their growth agenda, individual taxpayers are expecting some more disposable income in their hands to invest and consume more.
The Union Budget is expected to focus on employment generation, increase in limits for basic tax exemption, standard deduction, medical expenses, rationalisation of tax rates and certain social security investments.
Poll bound states of Uttar Pradesh will receive Rs 17,056.66 crore, Uttarakhand Rs 1,063.02 crore, Punjab will receive Rs 1,718.16 crore and Goa is going to get Rs 367.02 crore along with all other states.
The average ticket size of a home-loan of young borrowers has continued to increase over the last 5 years, with a CAGR of 6.2 per cent. The ticket size continues to increase more for women than men.
The decision comes as people have been facing difficulties in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961
The I-T department also seized Rs 5 crore cash and jewellery of a similar value (Rs 5 crore) during the raids on the two groups
Liverpool Mayor Joanne Anderson said the taxi driver locked the doors of his cab so the passenger couldn’t leave. The police did not confirm that account.
AIS enables a taxpayer to see and verify taxpayer info available with taxmen, provide feedback in case of discrepancies, view/update the Taxpayer Information Summary (TIS) used for pre-filling of ITR.
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