Tuesday, October 19, 2021
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Tax

Reduce burden of tax, Telangana High Court directs CBDT

In a writ petition filed by Telangana Building and Other Construction Workers Welfare Board claiming that they are entitled for exemption granted in 2017 for a period of 5 years.

Tax burden on cigarettes in India is much below than international standards

In the India Cigarette Tax Scorecard, India got an overall score of 1.88 out of five possible points, which is slightly better than the South-East Asia average of 1.82.

India leads the world in AI adoption, thanks to Covid-19

According to a global study by PwC India, the highest increase in use of artificial intelligence (AI) during Covid-19 times has been witnessed in India.

Kamala Harris says no tax increase for annual income below USD 400,000

Harris, 56, is set to make history becoming the first woman - and the first woman of colour - to occupy the office.

GST reduced tax rates, doubled taxpayer base to 1.24 cr: Finance Ministry

While the high tax rates of the pre-GST era acted as a disincentive to paying tax, the lower rates under GST helped to increase tax compliance, says the Ministry

Insecticides India posts 33 per cent fall in Q1 net profit

Total revenue moved up by 14 per cent to Rs 411 crore in Q1 FY21 from Rs 360 crore in Q1 FY20

Lancashire offer to stage Test cricket

"We believe we have the capability, the experience and facilities on site in supporting them put on a bio-secure event."

Piramal Enterprises posts net loss of Rs 1,702.59 crore in Q4

"To navigate through such an environment, we have significantly strengthened and deleveraged our balance sheet through multiple initiatives to raise capital."

Telangana asks Centre to waive tax on medical equipment including PPE

Health Minister E.Rajender, who participated in a video conference on coronavirus preparedness with Union Health Minister Dr. Harsh Vardhan on Friday said such measures would go a long way in easing the burden on manufacturers and distributors.

Power tariff, property tax hike soon, says CM KCR

Speaking during a short discussion on 'Palle Pragathi' in the State Assembly here, Chief Minister Chandrashekhar Rao said the TRS government do not want to keep people in the dark and make false promises.

ClearTax acquires Karvy’s GST services business

With this acquisition, more than 200 enterprise customers of Karvy will move to ClearTax. The company will also be hiring employees from the GST division of Karvy Data Management Services.

Govt to reduce time taken for starting businesses; to introduce new e-form

EPFO and ESIC registration numbers would not be separately issued by the respective agencies, the notice said.

Govt can do little as revenue constrained, budget failed to deliver

Given the significant amount of discussions between the Government and the various stakeholders since August 2019, the expectations were clearly high.

Govt removes DDT; dividend to be taxed in hands of recipient

This is another bold move, which will further make India an attractive destination for investment and it would result in a revenue sacrifice of Rs 25,000 crore per annum, says Finance Minister

Income tax rates, slabs changed; those earning up to Rs 15 lakh benefit

Terming the new tax rates and slabs as simplified one, she said that the new reduced rates would apply for those who agree to forego all other exemptions available under the Income Tax Act.

Hyderabad: Tax inspector held taking bribe

Yadagiri demanded Rs.30,000 from the complainant for giving building permission. He earlier took Rs.15,000 as first installment of the bribe amount, officials said.

All eyes on Nirmala Sitharaman’s second Budget for tax relief

The twin impact of tax rate cuts and a slowdown in collections due to shrinking consumption in a sagging economy may reflect in unachieved revenue targets.

Income Tax sleuths conduct survey on properties of industrialist in Hyderabad

Sources in the income tax departments said that the survey was conducted in Banjara Hills in Hyderabad and Adilabad district as well.

Climate change tax should be levied upon rich nations: NGOs

"Money should come from wealthy nations -- historically most responsible for planet-warming carbon emissions -- in the form of tax on financial transactions, international air travel and fossil fuels," said the NGOs in an open letter to the president of the COP 25 talks.

Cabinet extends term of 15th Finance Commission

The term of the commission was originally set to end in October 2019, but was extended by one month to November 30.

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