India’s economic growth slows to 15-month low of 6.7% in Q1FY25
This includes Rs 7,15,224 crore in Tax Revenue (Net to Centre), Rs 3,01,796 crore in Non-Tax Revenue, and Rs 6,386 crore in Non-Debt Capital Receipts.
This includes Rs 7,15,224 crore in Tax Revenue (Net to Centre), Rs 3,01,796 crore in Non-Tax Revenue, and Rs 6,386 crore in Non-Debt Capital Receipts.
The Goods and Services Tax Network (GSTN) is organising the GST Analytics Hackathon, an initiative to drive innovation in tax compliance through predictive analytics.
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
The Centre on Tuesday informed that it collected nearly Rs 98,681 crore from long-term capital gains (LTCG) tax in FY23, a nearly 15 per cent growth from Rs 86,075 crore in FY22.
The Centre on Sunday clarified that it is not mandatory for every citizen to get a tax clearance certificate to fly abroad.
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.
Don’t move away from Bengal, don’t beg for jobs outside Bengal, the CM urged
With this, the number of properties which are required to pay property tax has gone up to 42.70 lakh.
Earlier, in the name of making property tax uniform across Delhi, rates were hiked for North and East Delhiites. Now, other types of trivial methods are being resorted to. Corporation officials are trying to bring maximum properties out of 25 lakh properties under the wealth tax net.
