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  Hotel body urges central govt to delink food and beverage GST rates from room tariffs, here's why

  Business | March 10, 2025 8:29 IST

  The Federation of Hotel & Restaurant Associations of India emphasised that the current practice of linking F&B taxation to hotel room tariffs is both unfair and operationally challenging for the hospitality industry.

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  ITR Refund FY 2023-24: Know four types of income tax refund status and reasons behind delay

  Business | August 30, 2024 17:09 IST

  If it's been a considerable amount of time since you filed your ITR, you can check the status on the Income Tax Department's e-filing portal or contact their support for more information.

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  SC allows states to levy taxes on minerals, land holding minerals from 2005 | Details

  India | August 14, 2024 12:02 IST

  Supreme Court's ruling is a landmark decision as the verdict overruled a 1989 judgement, which held that only the Centre has the power to impose a royalty on minerals and mineral-bearing land. Now, states can also levy taxes on mineral rights and mineral-bearing land.

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  Budget 2024: How the new tax regime announced by Sitharaman will impact taxpayers?

  Budget | July 23, 2024 14:59 IST

  Sitharaman unveiled new income tax slabs under the revised tax regime, which provided relief to salaried taxpayers and pensioners. The Standard Deduction limit has been increased from Rs 50,000 to Rs 75,000 for salaried taxpayers.

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  Budget 2024: How will it impact the common people and consumers? CHECK here

  Budget | July 23, 2024 14:01 IST

  Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024-25, focusing mainly on employment and rural development. The budget highlight nine key priorities ranging from agriculture, manufacturing, infrastructure, energy security to next-generation reforms.

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  India’s direct tax collections grow 20 per cent for financial year 2023-24

  Business | March 20, 2024 7:21 IST

  Business news: Deloitte India Partner Sumit Singhania said a nearly 20 per cent year-on-year growth in Tax revenues underlines the continued momentum of tax policy reforms carried out around the year and not necessarily as a part of the annual budgetary exercise.

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  Nirmala Sitharaman rejects Karnataka government's claim of discrimination in sharing central taxes

  India | February 07, 2024 20:59 IST

  FM Sitharamam said that despite exceptional circumstances arising from pandemic, which depressed central revenues, the Karnataka govt will be getting substantially more as devolution during first five years of the 15th Financial Commission period than in the 14th Financial Commission period.

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  56 lakh updated ITRs filed, Rs 4,600 crore taxes collected in two years: CBDT

  Business | February 02, 2024 11:16 IST

  The Budget announced the withdrawal of outstanding small tax demands dating back to 1962, up to Rs 25,000 till 2014-15.

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  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.

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  'Whatever tax money collected, Govt ploughing it back to people': PM Modi in Andhra Pradesh

  India | January 16, 2024 18:10 IST

  The Prime Minister inaugurated the new campus of National Academy of Customs, Indirect Taxes & Narcotics (NACIN) at Palasamudram in Andhra Pradesh. He also visited historic Veerabhadra Temple at Lepakshi in Sri Sathya Sai district.

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  Budget 2024: Key terms you should know before the announcement

  Budget | February 01, 2024 10:27 IST

  Union Budget 2024: The budget is expected to include various financial indicators, including inflation, fiscal deficits, capital expenditures, revenue receipts, bad loans, and more.

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  UK's Liz Truss says she'll slash taxes despite economic crisis

  World | September 20, 2022 21:32 IST

  UK PM Truss had already announced a cap on household energy bills which means average costs for heating and electricity will be no more than 2,500 pounds ($2,872) a year, far less than has been forecast.

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  Why restaurants should recover service charges from consumers as 'separate levy', asks Delhi HC

  Business | August 16, 2022 15:08 IST

  The high court was hearing an appeal by the Centre against a single judge's order staying its guidelines prohibiting hotels and restaurants from levying service charges automatically on food bills. It listed the matter for hearing on August 18.

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  CM Baghel urges Centre to increase Chhattisgarh's share in central taxes

  India | August 07, 2022 15:06 IST

  Baghel sought a five-year extension for the compensation paid to the state beyond June 2022, claiming that the state was facing a revenue shortfall due to the new tax mechanism.

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  US agrees to lift taxes on British steel, aluminum imposed during Trump administration

  World | March 23, 2022 6:59 IST

  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.

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  Trump paid $145K in taxes to India, made $2.3m from projects: Report

  World | September 28, 2020 23:43 IST

  US President Donald Trump or his company paid $145,400 in taxes to India and received $2.3 million from projects there, according to The New York Times.

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  Fake News: Says Trump on reports of paying $750 income taxes in 2016, 2017

  World | September 28, 2020 9:59 IST

  Donald Trump paid just USD 750 in federal income taxes in the year he was elected US president and also in his first year in the White House, according to a media report, which also said that he or his companies paid USD 145,400 taxes in India in 2017.

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  Deadly brain-eating microbe: Tap water warning lifted for all but 1 Texas City

  World | September 27, 2020 18:02 IST

  Texas officials lifted a warning for all but one Houston-area community to stop using tap water because it might be tainted with a deadly brain-eating microbe. 

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  High taxes creating affordability issue for aspiring car owners: Maruti Suzuki

  Business | August 04, 2020 21:25 IST

  Taxes on cars in India, which are higher than in any other vehicle manufacturing country in the world, have created affordability issue for many aspiring car owners, according to Maruti Suzuki India (MSI) Chairman RC Bhargava.

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  IT refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30

  Business | July 03, 2020 15:20 IST

  The income tax department has issued refunds worth Rs 62,361 crore to over 20 lakh taxpayers between April 8 and June 30.