Tax
- 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.…
- 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…
