Tuesday, Aug 09, 2022
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Kotak Mahindra Bank Completes Integration With New Income Tax Dept. Portal

Kotak Mahindra Bank Completes Integration With New Income Tax Dept. Portal

In October 2021, Kotak Mahindra became the first in-line of scheduled private sector banks to get approved as a collection partner for taxes

15 July 2022
Delhi LG Urges Residents To ‘Honestly' Pay Taxes To Cover Deficit, Seeks Ideas To Improve Finances

Delhi LG Urges Residents To ‘Honestly' Pay Taxes To Cover Deficit, Seeks Ideas To Improve Finances

Around 98 per cent of Delhi's total population resides in MCD areas. The civic body's salaries, pension dues and other financial liabilities amount to Rs...

06 July 2022

How Are Different Forms Of Gold Investments Taxed? Read Here To Find Out

A lot of people are investing in gold, thanks to the global instability and uncertainty. But they should also keep themselves updated on how each of these...

Indian Government Pays Cairn Rs 7,900 Crore To Settle Retro Tax Dispute

Indian Government Pays Cairn Rs 7,900 Crore To Settle Retro Tax Dispute

The company, which is now known as Capricorn Energy PLC, in a statement, said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will...

24 February 2022

Unreasonable 21% Indirect Taxes Resulting In Chronically Ill Civil Aviation Industry: IndiGo CEO

Dutta requested the Ministry of Finance to reduce central excise taxes on fuel from 11 to 5 per cent and eliminate custom duties on aircraft repair parts.

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18 November 2021
CBDT Processes Refunds Worth Rs 1.19 Lakh Crore To 1.02 Crore Taxpayers

CBDT Processes Refunds Worth Rs 1.19 Lakh Crore To 1.02 Crore Taxpayers

CBDT has issued IT refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from April 1,2021 to November 15,2021. This includes 67.99 lakh refunds...


20 July 2021
Tackling Climate Crisis: US Democrats Propose Higher Tax On Imports With Huge Carbon Footprints

Tackling Climate Crisis: US Democrats Propose Higher Tax On Imports With Huge Carbon Footprints

Two influential Democrats are planning to levy a tax on countries that do not follow the rules for limiting climate change.


09 May 2021
Waive Taxes On Medical Equipment, Medicines For Covid: Mamata Banerjee To PM Modi

Waive Taxes On Medical Equipment, Medicines For Covid: Mamata Banerjee To PM Modi

Mamata Banerjee also urged Modi to strengthen health infrastructure and augment supplies of equipment, medicines and oxygen for the treatment of...


09 April 2021
Net Direct Tax Mop Up Exceeds Revised Estimates At Rs 9.45 Lakh Crore In FY21

Net Direct Tax Mop Up Exceeds Revised Estimates At Rs 9.45 Lakh Crore In FY21

Central Board of Direct Taxes (CBDT) Chairman P C Mody on Friday said the income tax department has exceeded the revised estimates despite issuing substantial...


05 January 2021
Non-Tax Revenue Generation, Leveraging Digital

Non-Tax Revenue Generation, Leveraging Digital

Basic economics shows that indirect taxation distorts the economy and how direct taxation is discriminatory in nature, as many are outside the purview of...


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31 October 2020
Himachal Economy Shows Signs Of Recovery, Revenue Collections Record High Post Lockdown

Himachal Economy Shows Signs Of Recovery, Revenue Collections Record High Post Lockdown

Revenue collection in October shows a 22% jump compared to the previous year; it had fallen drastically between March-April due to the lockdown.


17 December 2019
Govt Sets Rs 1.1 Lakh Crore Monthly GST Collection Target

Govt Sets Rs 1.1 Lakh Crore Monthly GST Collection Target

In the meeting, the GST target was set at Rs 1.10 lakh crore every month between December 2019 and March 2020.


20 September 2019
Surprised Markets Jump Over 5% To Show Highest Gains In 10 Years

Surprised Markets Jump Over 5% To Show Highest Gains In 10 Years

More than Rs 7 lakh crore worth of wealth was added as market capitalisation on the Bombay Stock Exchange, welcoming the finance minister’s announcement to...


23 August 2019
Spilling The Beans: How Murky Was Cafe Coffee Day Founder VG Siddartha's Death

Spilling The Beans: How Murky Was Cafe Coffee Day Founder VG Siddartha's Death

Were Cafe Coffee Day czar Siddhartha's problems insurmountable? The answer is elusive till a complete picture of his financial situation is revealed


23 August 2019
Good Intent Need Not Be So Taxing

Good Intent Need Not Be So Taxing

The government is ­absolutely right that we have to deal with defaulters and over-leveraged companies by assessing the probability of recovery, or else file...


23 August 2019
Death By Debt: Indian Businesses Are Devastated, Tax Terror Adds To Woes

Death By Debt: Indian Businesses Are Devastated, Tax Terror Adds To Woes

Debt looms as a terrifying spectre. Zombie companies or corporate underachievers have doubled and even the biggest of business empires like Reliance Industries...


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05 July 2019
Five Takeaways For Middle Class From Union Budget 2019-20

Five Takeaways For Middle Class From Union Budget 2019-20

Finance Minister Nirmala Sitharaman presented the Union budget on Friday and said the NDA government had set the ball rolling for a "new India" in its first...


05 July 2019
Live Updates: Union Budget 2019 Has Been Presented With A 10-Year Vision In Mind, Says FM Sitharaman

Live Updates: Union Budget 2019 Has Been Presented With A 10-Year Vision In Mind, Says FM Sitharaman

Finance Minister Nirmala Sitharaman presented the first budget of the Modi government in its second term. Sitharaman said India needs to make structural...


04 April 2019
India's 'Tremendously High' Tariffs On American Products Not Fair: Donald Trump

India's 'Tremendously High' Tariffs On American Products Not Fair: Donald Trump

Trump has repeatedly claimed that India is a 'tariff king' and imposes 'tremendously high' tariffs on American products.


28 March 2019
Will Give 3-Year Blanket Pass To New Ventures, Abolish Angel Tax For Startups If Voted To Power: Rahul Gandhi

Will Give 3-Year Blanket Pass To New Ventures, Abolish Angel Tax For Startups If Voted To Power: Rahul Gandhi

The Congress president said another idea that came up during discussions with entrepreneurs was the opening of the banking system to young business-persons and...


25 December 2018
Rahul Gandhi Takes Dig AT PM Modi For Ignoring BJP Worker's Question On Middle Class

Rahul Gandhi Takes Dig AT PM Modi For Ignoring BJP Worker's Question On Middle Class

The Congress President has repeatedly questioned Modi for not holding a press conference since he became the Prime Minister in 2014.


24 December 2018
GST Slabs Of 12 And 18 % To Be Merged With Rise In Revenues, Says Arun Jaitley

GST Slabs Of 12 And 18 % To Be Merged With Rise In Revenues, Says Arun Jaitley

Dismissing the criticism of GST as ill-informed and motivated, Jaitley said the new indirect tax regime has led to lower taxes, lower inflation and reduced...


23 December 2018
PM Modi Feeling Scared, Changed GST Rates Due To Election Defeats: Rahul Gandhi

PM Modi Feeling Scared, Changed GST Rates Due To Election Defeats: Rahul Gandhi

Gandhi also attached a video of his election campaign during the Gujarat Assembly polls last year in which he had made the GST's "flawed implementation" a key...


10 November 2018
Shocks And Resilience: Impact Of Demonetisation Is Complex

Shocks And Resilience: Impact Of Demonetisation Is Complex

The impact of demonetisation is complex and intertwined with other factors


03 October 2018
Trump Taxes: New York Authorities Examine President's Tax Affairs

Trump Taxes: New York Authorities Examine President's Tax Affairs

President Donald Trump probed against tax schemes that include instances of outright fraud


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