85% of taxpayers stay with old regime, women comprise 30% of total applications
A latest survey showed that 85% of India’s taxpayers still opted for the old regime with only 15% going for…
A latest survey showed that 85% of India’s taxpayers still opted for the old regime with only 15% going for…
Government has hiked the Special Additional Excise Duty (SAED) or windfall tax on crude petroleum from Rs 1,600 per tonne to Rs 4,250 per tonne.
A recent Oxfam report, published in January 2023, found that the richest one per cent in India own more than 40 per cent of the country's total wealth, while the bottom half together share just 3 per cent. Also, during FY 2020-21, approximately 64 per cent of the total Rs. 14.83 lakh crore in Goods and Services Tax (GST) came from the bottom 50 per cent of the population, with only 3 per cent coming from the top 10 per cent
There are several countries which sell their citizenship. So as the real India's socio-economic situation worsens, keep an escape route open. Bear in mind that 2.25 lakh High Net worth Indians gave up their Indian nationality in 2022 alone. Obviously they were not idiots, they knew pretty well how the nation was being hollowed out and why it was worth their while to find a safe haven, from where they could continue with their predatory behaviour in India, while enjoying the privileges of an honoured citizen abroad
The government on Monday issued a clarification regarding taxability of services provided by an office of an organisation in one state to the office of that organisation in another state.
The request from Odisha CM comes a fortnight ahead of the GST Council meeting, to be held on July 11 in the national capital.
Pakistan Stock Exchange's (PSX) benchmark KSE-100 index jumped more than 1,000 points as the country expects to sign a deal with the International Money Fund (IMF) to unlock much-needed funds, local media reported.
The GST Council in its meeting next month, is likely to discuss measures to ensure strict provisions for preventing fake generation of Input Tax Credit (ITC), aiming to prevent tax evasion, a senior official said on Friday.
Many methods have been tried for elimination of black money; we had several rounds of demonetisation, several voluntary disclosure schemes, some schemes to regularise undisclosed foreign assets, and so on. The only commonality between all such measures was their failure to prevent generation of black money. Strategically declaring their black money, tax evaders took full advantage of the frequently announced Government schemes. However, not many of the tax evaders discontinued their tax evading ways, so, after a few years, things came back to square one
The HC Division Bench dismissed the application moved by the Commissioner of Sales Tax, seeking 12.5 per cent taxation on the product in ‘all other goods’ category.
