Tax
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'75 L new tax filers added to IT net this fiscal'
Business | Nov 04, 2018, 05:30 PM ISTThe target for the taxman is to add 1.25 crore fresh tax filers by the end of the 2018-19 financial year that ends in March next year, as per a directive of the Central Board of Direct Taxes (CBDT).
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Walmart may approach I-T dept to determine tax liability in Flipkart deal
Business | Aug 09, 2018, 04:35 PM ISTFlipkart had shared share purchase agreement with tax authorities in May, and I-T department is currently calculating the tax rate that would be applicable for investors in Flipkart who are selling the shares to Walmart. Significant shareholders like SoftBank, Naspers, venture fund Accel Partners and eBay, have agreed to sell their shares.
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Rs 5 lakh crore stuck in litigations, Govt raises threshold limit for filing appeals in tax cases
Business | Jul 12, 2018, 02:57 PM ISTGoyal said the tax department can file appeals in ITAT/CESTAT only if the tax amount involved is Rs 20 lakh or more, up from Rs 10 lakh at present.
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More than Rs 7,000 crore GST refunds of exporters cleared
Business | Jun 10, 2018, 04:08 PM ISTThe board has also asked the exporters, traders and other claimants to avail to avail this opportunity of Special Refund Fortnight from May 31, 2018 to June 14, 2018.
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LTCG tax, other Budget proposals to kick in from today: Here's all you need to know
Business | Apr 01, 2018, 08:56 AM ISTSeveral changes and budget proposals including the reintroduction of the tax on long-term capital gains exceeding Rs 1 lakh from the sale of shares have kicked in from today.
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The ultimate tax saving guide for salaried employees
Business | Aug 01, 2019, 06:26 PM ISTHealth insurance is an excellent tax-saving instrument that can help you save taxes. Also, if you have a life insurance plan, you are eligible to enjoy tax-deductions. Having said that, tax-saving instruments aren't limited to insurance only.
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GST Council Meet: Now only 50 item kept under 28% tax category
News | Nov 10, 2017, 02:34 PM IST -
Cristiano Ronaldo will only play for Real Madrid in Europe: Michel Salgado
Football | Jul 17, 2017, 02:04 PM ISTFormer Los Blancos player Michel Salgado states that he cannot see Cristiano Ronaldo in any other colour. Ronaldo has been speculated of moving away from the club due to scrutiny over his personal income tax.
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GST: Will it turn out to be a game changer for the Indian Economy
News | Jun 30, 2017, 10:31 AM IST -
GST Quick Facts: Know what will going to get cheaper and costlier from 1st July
News | Jun 28, 2017, 01:37 PM IST -
What is GST in India: New Tax Reform GST Meaning, Full Form, and Rates
Jun 30, 2017, 02:45 PM ISTGST is the biggest tax reform the country has undertaken since Independence. It will bring the concept of One Nation One Tax.
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GST rollout on June 30 midnight, filing rules relaxed for two months
Jun 19, 2017, 09:02 AM ISTIndia will turn into one market as the GST will come into effect at the stroke of midnight between June 30 and July 1.
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India to offer Apple tax-free import of components for local manufacturing: report
May 23, 2017, 06:59 PM ISTDays after Apple began the manufacturing of iPhone SE in Bengaluru providing a major impetus to the government’s ‘Make In India’ campaign, India has now offered Apple Inc. tax-free import of components needed for local manufacturing, reports Reuters.
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GST Council meet to fix rates on goods, services begins today
May 18, 2017, 10:52 AM ISTThe tax that 1.3 billion Indians will pay on buying salt to luxury cars and on services like phone calls to dining out will be decided at the Goods and Services Tax (GST) Council meeting starting today in Srinagar
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Trump administration proposes 'biggest tax cut in US history'
World | Apr 27, 2017, 07:15 AM ISTPresident Donald Trump is proposing “the biggest tax cut” ever even as the government struggles with mounting debt, in an effort to fulfil promises of bringing jobs and prosperity to the middle class.
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B-town Comedy King Govinda lands in legal trouble, here’s why
Bollywood | Mar 25, 2017, 10:43 AM ISTIt surely looks like comedy king of Bollywood Govinda is having a tough year. Recently, his latest flick “Aa Gaya Hero” failed terribly. The film not only crashed at the box-office but also it couldn’t
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GST Bill proposes peak tax rate at 40 pc, slabs intact for now
Mar 02, 2017, 07:53 PM ISTIn a move apparently aimed at avoiding the requirement for approaching Parliament for any change in rates in future, the GST Council has proposed to raise the peak rate in the Bill to 20 per
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IT-dept to go easy for the on deposit of up to Rs. 5 lakh by those over 70 years
Feb 22, 2017, 04:16 PM ISTThe tax department clarified that the people above 70 years of age will be exempted from the process of verification post note ban, but the limit has been fixed at Rs. 2.5 lakh for other
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Bogus long-term capital gains by shell companies at Rs 80,000 cr: CBDT
Feb 04, 2017, 11:52 PM ISTPutting 'bogus' long-term capital gains by 'khoka' companies at Rs 80,000 crore, the tax department today said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure and
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Arun Jaitley defends surcharge levy, says rich must pay more
Feb 03, 2017, 11:57 PM ISTFinance Minister Arun Jaitley today justified levy of 10 per cent surcharge on rich saying the resources in a largely non-tax compliant society will have to come from the more affluent. Reading out tax-payer data,