Tag: Tax

GST Council to meet on Friday; rate review, tax concession to 11 COVID drugs

The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on Friday, which among other things may review tax rate of over four-dozen items,

September 16, 2021

Govt extends deadline for various tax compliances, VsV payments

The deadlines are being extended as glitches marred the functioning of new income tax portal 'www.incometax.gov.in', launched on June 7.

August 29, 2021

Billionaires and tax havens as Pirates of the Caribbean

Residents pay $300 monthly for electricity and water in a small apartment, taxi fares average $60 (Rs 4,450) per hour, a bread loaf $6 (Rs 445).

June 26, 2021

3 ideas for government

Policy decisions are made on an ongoing basis instead of relying on the action template articulated in the budget speech. We have three areas on which the government should begin action if it wants to leave positive footprints on the sands of time.

January 28, 2021

Rajinikanth pays entire year’s property tax for his marriage hall in Chennai

A day after remitting Rs 6.56 lakh property tax, including the penalty, for the first half-year (2020-21) for his Raghavendra Mandapam, the actor has now paid Rs 6,39,846 as well to the civic body which is the property tax for the year's second six months

October 17, 2020

Covid-19 relief for taxpayers: Govt extends time limit of tax compliances

The date for commencement of operation for the SEZ units for claiming deduction under deduction 10AA of the IT Act has also been further extended to September, 30, 2020 for the units which received necessary approval by 31st March, 2020.

June 24, 2020

No late fee for GST return filing for those with nil liabilities, says Nirmala Sitharaman

For people who have tax liability, the maximum late fee for non-filing of GSTR-3B returns for period July 2017 and January 2020 has been capped to Rs 500 without interest.

June 12, 2020

US to ‘probe’ India, 9 other nations over tax on online firms; ‘not a punitive action’, clarifies Govt

Washington opposes the efforts to tax revenues from online sales and advertising, saying they single out US tech giants like Google, Apple, Facebook, Amazon and Netflix.

June 3, 2020

Maharashtra collects Rs 150 crore in four days from alcohol sale amid lockdown

Liquor shops were shut for almost 40 days due to the lockdown to curb the coronavirus outbreak.

May 8, 2020

CBDT charge sheets 3 IRS officers involved in controversial tax report ‘FORCE’

The Finance Ministry on Sunday had slammed the report released under the aegis of the Indian Revenue Service Association (IRSA), terming it ill-conceived and ordered an inquiry.

April 28, 2020

Donations made to PM-CARES Fund eligible for 100 percent tax deduction

The ordinance also extends the deadline for the income tax and GST return filing for the financial year 2018-19 till June 30, 2020, as announced by Finance Minister Nirmala Sitharaman last week.

April 1, 2020

I only hope your parents don’t reduce your pocket money: Chidambaram at SRCC economic summit

Speaking at Shri Ram Economic Summit organised by the economics department of Shri Ram College of Commerce (SRCC), the Rajya Sabha MP said that ordinarily, the explanation for the failing economy should have come from the government.

February 5, 2020

Buyback tax may revive dozen of firms but IT sector may not have much to gain

In order to provide relief to listed companies which have already made a public announcement of buyback on or before July 5, 2019, it is provided that tax on buyback of shares in case of such companies shall not be charged : FM

September 20, 2019

CM, ministers to pay their own tax, says UP govt, scraps four-decade-old practice

The law, enacted when Vishwanath Pratap Singh was the chief minister, has been in force during the terms of 19 CMs and about 1,000 ministers so far.

September 14, 2019

After tax incentives, Centre brings big FDI reforms in manufacturing, digital media, single-brand retail

The Modi government has approved 100 per cent FDI in coal mining and associated infrastructure.

August 29, 2019

Protest against tax on Pujas

Banerjee instructed her Banga Janani Bahini to sit on a dharna at Subodh Mullick square on 13 August from 10 a.m. to 6 p.m.

August 12, 2019

Relief for taxpayers; deadline for filing income tax returns extended to Aug 31

The Central Board of Direct Taxes has extended the deadline in view of some taxpayers facing difficulties in filing their ITR due to various reasons including the extension of due date for issue of Form 16

July 24, 2019