Tax
- 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…
- India
I-T raids at manufacturers of Dolo-650, pill that got popular during Covid
Bengaluru: The Income Tax department Wednesday conducted searches at the premises of Bengaluru-based pharmaceutical company Micro Labs Ltd, the manufacturers of the Dolo-650 tablet that was widely used by COVID-19 patients during…
- Technology
Online gaming industry worried at possible GST hike on skill-based games
New Delhi: Top online skill gaming associations on Tuesday expressed deep concern at reports that the GST rate on online skill games may be increased from existing 18 per cent to 28…
- India
Have power to register, want authority to de-register parties: EC to Law Min
New Delhi: Amid an ongoing cleanup exercise to identify unrecognised parties involved in corrupt practices, the Election Commission has made a renewed push to get powers to de-register political parties. The election…
- Hyderabad
Hyderabad: Private hospital fined Rs 24 Cr over false property tax info
Hyderabad: A private hospital in the city has been charged with heavy fines after submitting false information in the property tax self-assessment application. The Nizampet Municipal Corporation has issued notices to SLG…
- India
After ‘The Kashmir Files’, now ‘Samrat Prithviraj’ gets tax exemption in UP
Lucknow: After giving a tax exemption for ‘The Kashmir Files’, now the Yogi Adityanath led government in Uttar Pradesh has announced tax exemption for Akshay Kumar-starrer ‘ Samrat Prithviraj’. The chief minister…
- 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…
