Tax
- Business
Time taken for tax refunds in India cut from 3 months to 17 days in last 11 years
New Delhi: The average number of days it takes for taxpayers to get refunds from the Income Tax Department in India has come down drastically from 93 days in 2013 to a…
- Business
GST Council meeting soon, tax slab rates & compensation cess key review points
New Delhi: The Goods and Services Tax (GST) Council is expected to meet soon to review the tax regime. This could be the most significant review since the scheme was announced on…
- India
LoP Gandhi slams GST, demands people-centric tax reforms
New Delhi: Leader of the Opposition (LoP) in the Lok Sabha, Rahul Gandhi on Tuesday launched a sharp attack on the Goods and Services Tax (GST) regime, describing it as a “tool…
- Middle East
Saudi Arabia waives tax fines until December 2025
Riyadh: Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has extended its tax amnesty initiative, allowing the cancellation of fines and exemption from penalties until December 31, 2025. The initiative, initially extended…
- Middle East
Oman to impose 5 pc income tax on high earners
Muscat: Oman will implement a 5 percent income tax on individual whose annual earnings exceeds 42,000 Omani riyals (Rs 94,57,768) from January 1, 2028. This move makes Oman the first GCC country…
- World
Trump threatens to strip Harvard University of its tax-exempt status
Washington: The row between Harvard University and US President Donald Trump escalated further after the elite university refused to accept far-reaching policy changes ordered by the White House, and Trump threatened to…
- Featured News
Beyond GDP: Building an inclusive India
By Anandini Gupta India is now the 5th largest economy in the world. This narrow GDP-centric metric is often mistakenly understood as a representation of the progress and growth of the country…
- India
Mauritius seeks amendment in double taxation avoidance convention with India: FM
Port Louis: Mauritius is pressing for amendments to its trade agreement, including Double Taxation Avoidance Convention (DTAC) with India, Foreign and Trade Minister Dhananjay Ramful said. In an interview with PTI Videos…
- Business
GST rates to be reduced further, rationalisation on the cards: FM Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman has said that Goods and Services Tax (GST) rates will be reduced further as the process of rationalising tax slabs is nearing completion. FM Sitharaman…
- Business
Adani Portfolio’s tax contributions reach Rs 58,104 crore for FY 2023-24
Ahmedabad: The Adani Group’s total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore for the financial year 2023-24, showcasing a significant increase from the previous year’s Rs…
- Telangana
Harish Rao slams Union min Piyush Goyal for ‘choti soch’ remark
Hyderabad: Bharat Rashtra Samithi (BRS) MLA T Harish Rao criticised Union Minister for Industry and Supply Piyush Goyal for his remark on southern states including Telangana. It is to be noted that…
- India
Hopes running high of tax cut as Sitharaman presents record 8th budget
New Delhi: A cut or tweak in income tax rates/slabs to ease the burden of middle class struggling with high prices and stagnant wage growth is widely expected in Finance Minister Nirmala…
- Middle East
Saudi Arabia extends tax amnesty initiative
Riyadh: The Kingdom of Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has extended the cancellation of fines and exemption of penalties initiative until June 30, 2025. The initiative was earlier extended…
- Middle East
Kuwait to impose 15 pc tax on multinational companies
Kuwait City: Kuwait is set to impose a 15 percent tax on multinational companies operating in more than one country or a state starting January 1, 2025. The Kuwaiti cabinet recently approved…
- Middle East
UAE announces corporate tax registration exemptions
Abu Dhabi: The United Arab Emirates (UAE) has announced that certain businesses are exempt from registering for corporate tax that will be introduced in June this year, the Emirates News Agency (WAM) reported.…
