Tax
- Technology
Bezos spars with Biden on Twitter over taxing the wealthiest
San Francisco: Amazon founder Jeff Bezos has accused Joe Biden of “misdirection” on Twitter, as the US President tweeted that the wealthy corporations must “pay their fair share”. “You want to bring…
- Telangana
Heavy increase in life tax on Telangana vehicles
Hyderabad: The Telangana government increased the life tax on some categories of motor vehicles on Monday. For the three or four-wheeler motor vehicles coming under the non-transport category, minibusses up to a…
- Hyderabad
Early Bird Scheme: 5% rebate on property tax if paid before May
Hyderabad: Tax payers can now avail a 5 per cent rebate on property tax by making the tax payment before April 30. The Greater Hyderabad Municipal Corporation (GHMC) on Monday introduced the…
- Middle East
UAE announces new 9 per cent corporation tax from June 2023
Abu Dhabi: Businesses in the United Arab Emirates will now be subject to a new 9 per cent corporation tax from the beginning of their first financial year that starts on or…
- Middle East
UAE to impose federal corporate tax for the first time
Dubai: The United Arab Emirates announced Monday it is introducing for the first time a federal corporate tax on business earnings. It’s the latest measure to bring the country in line with…
- India
Tax free work from home allowances for salaried employees likely in Budget
New Delhi: The upcoming Budget might increase the standard deduction. The figure could be doubled to Rs 1 lakh from the present Rs 50,000. Budget 2022 might also introduce tax-free work-from-home allowances…
- Opinions
Pakistan has endured 40 finance ministers; none succeeded in the assigned task
Fakir Syed Aijazuddin Discussing taxes is not the ideal way of welcoming 2022, especially after we have just finished burying 2021. The release by the Federal Board of Revenue of its Tax…
- India
Rs 150 cr recovered as CGST raids Shikhar pan masala manufacturers in Kanpur
New Delhi: The Directorate General of GST on Friday said that they have launched searches in Kanpur following a tip-off against the manufacturers of Shikhar pan masala and tobacco products. A senior…
- India
CGST officials unearth Rs 34 cr input tax credit fraud
New Delhi: Based upon specific intelligence, officers of the Anti Evasion Branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of availment/utilisation and passing on of…
- Hyderabad
Petrol, diesel prices in Hyderabad remain unchanged
Hyderabad: Petrol and diesel prices in Hyderabad have remained unchanged since the cut in excise duty on fuel. The prices of petrol and diesel in Hyderabad are Rs. 108.2 and Rs. 94.62…
- India
States add further sparkle to Diwali, cut VAT on fuel to provide bigger relief
New Delhi: It’s not just the Centre, but several state governments have also come forward and reduced taxes on petrol and diesel to provide bigger relief to consumers from all time high…
- World
Explainer: How US states help rich foreigners shield assets
Dover: A mention of “tax havens typically conjures images of sun-soaked Caribbean escapes like the Cayman Islands or the buttoned-down banks of Switzerland. Not South Dakota. But a report detailing how world leaders…
- Business
Three-tier GST rate structure likely by next fiscal
New Delhi: The next few meetings of the GST Council would take the country’s new indirect tax regime closer to the goal of providing a transparent tax system with minimal exemptions and…
- Hyderabad
Luxury cars in Hyderabad: Owners may face action for plying vehicles without paying tax
Hyderabad: Owners of luxury cars who are plying vehicles in Hyderabad without paying tax are likely to face action sooner. Over 100 luxury cars in the city are under the radar of…
- India
Excise on petrol, diesel gives Rs 94,181 cr 3 months, Rs 3.35 lakh cr in FY21
New Delhi: The Union government has collected Rs 94,181 crore through levy of excise duty on petrol and diesel in the first three months of the current fiscal on the back of…
