• 

  INDIA bloc holds protest against GST on health, life insurance premiums, calls it 'tax terrorism'

  India | August 06, 2024 12:03 IST

  Surprisingly, Union Minister Nitin Gadkari also wrote to Finance Minister Nirmala Sitharaman urging her to consider withdrawing the GST which, he said, amounted to taxing uncertainties of life and restricting the industry's growth.

• 

  Budget 2024: Centre abolishes 'Angel tax' | What it means and how it impacts startups?

  Budget | July 23, 2024 13:25 IST

  While presenting the Union Budget 2024 on Tuesday, Finance Minister Nirmala Sitharaman announced that the "Angel Tax" would be abolished. This decision is expected to significantly benefit Indian startups and foster a better environment for their growth.

• 

  Jairam Ramesh's big hit at Modi 3.0 ahead of oath-taking

  India | June 09, 2024 18:41 IST

  Calling PM Modi one-third prime minister, Congress leader asked him about his stance on billionaire tax. He said PM Modi has a chance to show whether he stands with the common people, or with billionaires.

• 

  Tax Savings: How working women can save tax and get good returns | Check best options

  Business | May 28, 2024 23:59 IST

  Working women can avail the benefit of income tax exemption under the Income Tax Act. For this, you have to invest in such instruments which give you the facility of tax exemption. There are some investment instruments which provide tax exemption along with guaranteed returns.

• 

  OPINION | PITRODA STIRS A HORNETS’ NEST ONCE AGAIN!

  India | April 25, 2024 15:21 IST

  Sam Pitroda's remark created a political uproar in India, with Prime Minister Narendra Modi taking a dig by rephrasing a popular ad tagline, “Loot Ka Khel, Zindagi Ke Saath Bhi, Zindagi Ke Baad Bhi”, meaning the Congress wants to loot people when they are alive and also after they die.

• 

  Rajiv Gandhi scrapped India's inheritance tax law to claim Indira Gandhi's assets, alleges PM Modi

  Madhya Pradesh | April 25, 2024 13:29 IST

  India used to have its own version of inheritance tax or estate duty between 1953 and 1985. The law was first introduced in 1953 and abolished in 1985 by the then Congress government under the leadership of former Prime Minister Rajiv Gandhi.

• 

  PM Modi reacts to Pitroda's inheritance tax remark, says Congress wants to snatch people's assets

  chhattisgarh | April 24, 2024 12:28 IST

  Indian Overseas Congress chairman Sam Pitroda's inheritance tax remark provided Prime Minister Narendra Modi more ammo to attack the grand old party amid intense Lok Sabha elections 2024.

• 

  Sam Pitroda advocates 50 per cent inheritance tax in India, backs Congress on wealth redistribution

  India | April 24, 2024 10:23 IST

  Sam Pitroda's remarks on wealth redistribution and US-like inheritance tax in India has come at a time when Prime Minister Narendra Modi raised a debate on Congress' intentions to distribute Hindus wealth among infiltrators.

• 

  Finance Ministry clarifies: No changes in new tax regime, issues 6-point note

  Business | April 01, 2024 11:07 IST

  In a statement, the ministry addressed confusion over the new tax regime, emphasising its lower rates but fewer exemptions and deductions. Finance Minister Nirmala Sitharaman's interim budget assured the preservation of existing tax rates.

• 

  India's EV import tax reduction policy signals victory for Tesla and global automakers

  Auto | March 15, 2024 20:51 IST

  India's decision to lower import taxes on select electric vehicles (EVs) marked a significant triumph for Tesla, aligning with the company's persistent lobbying efforts in New Delhi.

• 

  Setback for Congress govt in Karnataka as Bill proposing to tax temples defeated

  Karnataka | February 24, 2024 7:12 IST

  Slamming the Karnataka government, the BJP state chief said that temple funds should be dedicatedly utilised for renovation of temples and to facilitate work beneficial to devotees, rather than diverting it for other purposes, which would be an injustice and betrayal of people's religious beliefs.

Advertisement
• 

  Govt hikes windfall tax on domestically produced crude petroleum, diesel: Know all about this tax

  Business | February 15, 2024 21:02 IST

  India introduced windfall profit taxes on July 1, 2022, aligning with a host of countries that levy taxes on the exceptional profits of energy corporations. These tax rates undergo regular review every two weeks, contingent on the average oil prices observed in the preceding fortnight.

• 

  Maharashtra: FIR against State Tax Assistant Commissioner, other GST officers for seeking Rs 1 crore

  Maharashtra | February 06, 2024 9:18 IST

  ACB filed an FIR under Section 7 of the Anti-Corruption Act which deals with an offence relating to public servant being bribed.

• 

  Average monthly GST collections to grow 11 per cent to Rs 1.85 lakh crore in FY25: Revenue Secretary

  Business | February 02, 2024 14:44 IST

  Finance Minister Nirmala Sitharaman highlighted the doubling of the GST taxpayer base and monthly revenues since its launch in her budget speech.

• 

  Budget 2024: No change in tax regime this year; check old, new tax slabs

  Budget | February 01, 2024 13:50 IST

  The finance minister proposed to retain the same direct and indirect tax rates, including import duties.

• 

  GST collections surge to second highest ever at 1.72 lakh crore in January

  Business | February 01, 2024 7:13 IST

  The highest-ever monthly GST collection was recorded in April 2023 at Rs 1.87 lakh crore.

• 

  Direct tax to GDP ratio climbs to 6.11% in F.Y. 2022-23: CBDT releases comprehensive data

  Business | January 23, 2024 19:52 IST

  Direct Tax to GDP ratio seen an upward trajectory, ascending from 5.62% in F.Y. 2013-14 to 6.11% in F.Y. 2022-23, showcasing enhanced fiscal contribution.

• 

  Are donations for Ram Mandir eligible for income tax deduction? Here's all you need to know

  Business | January 21, 2024 13:26 IST

  The government officially designated Shri Ram Trust as a site of historic significance and a place of renowned public worship for the purpose of Section 80G(2)(b), effective from FY21.

• 

  'Can't put India and US, China in same basket': European Parliament official on high emissions

  World | December 09, 2023 15:21 IST

  The EU has planned to launch the Carbon Border Adjustment Mechanism (CBAM) that will impose a 'carbon tax' on goods from developing countries like India and China to reduce emissions. Union Minister Piyush Goyal threatened to retaliate against such "unfair taxes".

• 

  Shakira tax evasion case: Spain charges singer for second time, demands $7.1 million

  Hollywood | September 27, 2023 18:09 IST

  Shakira has been charged with tax evasion by the Spanish government in relation to a tax evasion case from the time when she was living with then-partner Gerard Pique and their two sons in Barcelona.