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…
Tamil Nadu Issues Instructions on Assessment & Cancellation of Registration for Non-Filing of GST Returns
The Goods and Services Tax (GST) department has issued instructions covering the assessment and cancellation of registration in the event…
The government raises the windfall profit tax on crude oil while lowering the rate on diesel exports
The central government raised the windfall tax on locally produced crude oil while lowering the rate on diesel exports. According…
Do you want to know how to compute tax on income generated outside of India? Consider the following factors
Working from home has lessened the need for physical presence in many businesses throughout the world. Individuals can now take…
The Supreme Court has denied a review petition on a pre-GST state lottery tax
In the pre-goods and services tax (GST) era, the Supreme Court denied a petition to review its decision to allow…
Insurers request that the government investigate “GST evasion gaps”
The insurance industry has addressed the government to resolve the ‘GST avoidance’ issue without burning its fingers. While a top…
Insurance, taxes, and interest rates are among the 5 benefits and privileges that banks provide to senior citizens
Banks provide senior citizens with a variety of services, ranging from banking to taxation. The following are some of the…