Tax
- 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.…
- World
Bangladesh faces heavy losses due to tax evasion by Chinese companies
Dhaka [Bangladesh], September 7 (ANI): Chinese companies are often found involved in malpractices that cause huge losses to several South Asian countries where they operate. Bangladesh is one such country that seems…
- Business
Govt hikes windfall profit tax on export of diesel; cuts tax on domestic crude oil
New Delhi: The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed…
- Hyderabad
Hyderabad: GHMC collects Rs 10,000 crores in property tax
Hyderabad: The Greater Hyderabad Municipal Corporation (GHMC) collected nearly Rs 1000 crores in the last four months, and is set to cross the 1K milestone very soon. The municipal corporation collected Rs…
- Stock Market
Sensex, Nifty spurt over 1 pc as windfall tax cut, FII inflows lift mood
Mumbai: Benchmark BSE Sensex rallied over 1 percent while Nifty closed above the 16,500 mark on Wednesday after sharp gains in IT, oil & gas and metal shares amid positive global market…
- India
BJP destroyed world’s fastest growing economy: Rahul Gandhi
New Delhi: Former Congress president Rahul Gandhi on Monday hit out at the ruling BJP at the Centre BJP over high taxes and unemployment, accusing it of destroying the world’s fastest-growing economy. He…
