Tax
- Telangana
11% of GST revenue was increased in Telangana in December 2022
Hyderabad: The Telangana government collected Rs 4,178 Crores in December 2022. In 2021, the collected revenue amounted to Rs 3,760 Crores. Telangana increases its goods and services tax (GST) every year by…
- Middle East
Dubai relaxes liquor sale rules, tax scrapped to boost tourism
Jeddah: In an aim to boost the country’s economic and social standing to attract more foreign tourists, the United Arab Emirates further relaxed some rules, which were based on Islamic norms. As…
- World
US House panel releases redacted version of Trump’s tax returns
Washington: The US House Ways and Means Committee has released a redacted version of former President Donald Trump’s tax returns. The documents include six years of tax information for the time Trump,…
- India
GST Council meeting: No tax increase on any item
New Delhi: No tax increase on any item was decided at the GST Council meeting on Saturday. Meanwhile, the Council recommended reducing GST on biofuel from 18 per cent to 5 per…
- Business
Tax collections up by 24% in current fiscal year-on-year
New Delhi: Net tax collection in 2022-23 was 24.26 per cent higher than the net collection for the corresponding period of last year. With this, 61.79 per cent of the budget estimates…
- Business
CBDT issues circular on TDS on salaries for current fiscal
Delhi: The Central Board of Direct Taxes (CBDT) in a circular related to TDS deduction from salaries has said that any person responsible for paying salary must deduct income tax while paying…
- Telangana
Telangana treated step-motherly on grants, BJP-ruled states favourite
Hyderabad: The government of Telangana is getting tax and non-tax revenue as expected this fiscal year. Particularly since the last 5 months, the revenue is crossing Rs.10,000 Crores every month. GST, Stamp…
- Technology
Tax-filing websites sending users’ financial data to Facebook: Report
San Francisco: Major tax-filing websites such as H&R Block, TaxAct and TaxSlayer in the US are reportedly sending sensitive financial information to Facebook. The information received by Facebook could be used by…
- World
Criminal trial against Trump Organisation on tax fraud starts in New York
New York :The jury in the criminal trial against the Trump Organisation started to hear opening statements on a 15-year tax fraud scheme from the plaintiff and the defendant in the Supreme…
- India
Windfall tax increased on jet fuel
New Delhi: The Centre on Saturday increased the windfall tax or Special Additional Excise Duty (SAED) on the production of crude petroleum from Rs 8,000 per tonne to Rs 11,000 per tonne…
- Business
GST evasion worth Rs 824 cr unearthed, ICICI Prudential among 15 entities under probe
New Delhi: A Goods and Services tax (GST) evasion worth Rs 824 crore has been detected against 15 insurance companies as well as several non-banking financial companies (NBFCs). According to sources privy…
- Technology
RazorpayX, Zaggle to enable employees save up to Rs 40K in tax
Bengaluru: RazorpayX, the neo-banking arm of fintech platform Razorpay, on Thursday partnered B2B software-as-a-service (SaaS) platform Zaggle to enable employees save up to Rs 40,000 more in tax while adhering to the…
- Business
Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%
New Delhi: Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last…
- Business
IRCTC causing loss to exchequer by not issuing invoice: Tax consultant
Chandigarh: The Indian Railway Catering and Tourism Corporation (IRCTC), a public sector undertaking under the Ministry of Railways, is causing loss to the exchequer by not issuing invoice to the consumers for…
- Business
European Union proposes $140 bn windfall tax on energy companies
London: The European Union wants to raise $140 billion by tapping the windfall profits of some energy companies to help households and businesses pay eye-watering gas and electricity bills, media reports said.…
