Poll-bound On Monday, the Income Tax and GST authorities raided Padampur in Odisha, only a week before the December 5…
Top three government banks delivering the greatest interest rates on tax-free fixed deposits
Tax-saving deposits are popular among risk-averse investors who wish to decrease their tax burden while simultaneously earning a reasonable return.…
The Cabinet has approved a tax on share transactions
The cabinet imposed a financial transaction tax on individual stock investors, thereby removing a four-decade exemption. According to Finance Minister…
HMRC is pursuing 5,500 offshore entities for unpaid property taxes
HM Revenue & Customs is going to write to over 5,500 international corporations it accuses of failing to pay adequate…
The Supreme Court denied a review petition that sought to allow states to tax other states’ lotteries
The Supreme Court recently denied a plea to revisit its decision on a pre-GST tax imposition. It had already overturned…
GST – the year of climate action – will be in 2023
The 27th Conference of Parties has concluded, but many agenda issues will require focused, meaningful, and ambitious resolutions. If this…
Cut personal income tax rates and decriminalize GST law, says industry organization CII
The Confederation of Indian Industry (CII) has advocated lowering personal income tax rates to boost demand a day before Union…
Finmin rejects a plan to broaden the export tax credit system
According to official sources, the finance ministry has rejected a commerce ministry proposal to broaden the scope of the flagship…
Benefits of Filing a Nil Income Tax Return
Individuals have until July 31, 2022, to file their income tax returns (ITR). However, if you haven’t yet submitted yours,…
The government has reduced the export tax on low-grade iron ore and some steel intermediates
The Finance Ministry has removed the 15% export tax it had previously placed on numerous steel goods to boost availability…
