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.
But the D.C. Circuit panel wrote that they could only analyse what Neal wrote in his request, not statements by other members of Congress about what they may do with Trump's returns once they have them.
The Income Tax Department on Friday said that they carried out a search and seizure operation recently on an ex-fund manager and chief trader of equities of a prominent mutual fund house, along with related sharebrokers, middlemen, and entry operators.
Mental health experts have written volumes that are in the public domain and easily accessible, if anyone at the helm is interested. This is an issue that does not seem to be on the priority list of anyone in the corridors of power.
The contractors were allegedly routing their unaccounted money through international hawala transactions to certain foreign jurisdictions and also indulging in purchase of benami properties, said a senior officer of the Ministry of Finance here on Thursday.
Among several other initiatives announced by the KMC, of late, in a bid to ensure a quick inflow of revenue into its treasury, Mr Hakim today reiterated that to encourage the property tax defaulters to clear their dues, the civic body has waived 50 per cent of the interest amount and 100 per cent of the penalty amount.