Your queries: Income Tax – A professional can opt out of new tax regime, but not get in again This has been laid down under Section 115BAC(5) of the Income-Tax Act. 3 years agoSeptember 18, 2022
ONGC wants govt to scrap windfall tax, USD 10 gas price The firm also favours a floor price for natural gas at USD 10 per million British thermal unit — the… 3 years agoSeptember 18, 2022
Q2 advance tax collections up 22%: Report A senior revenue department official, however, told FE that the data was ‘premature’ as it was still being tallied. The… 3 years agoSeptember 16, 2022
Indirect tax collections up 14% till Aug-end CGST alone to fetch additional Rs 1.4 trillion in FY23 3 years agoSeptember 16, 2022
RBI now going inside: Windfall tax on domestic crude cut Diesel cracks have been in the range of $25-50/bbl since last month. ATF cracks were around $25-50/bbl, ICICI Direct said… 3 years agoSeptember 16, 2022
Crypto traders flee India exchanges to Binance to escape tax Daily volumes at key India-based platforms are down over 90% since a 1% tax on crypto transactions took effect in… 3 years agoSeptember 14, 2022
Tax saving on sale of property: Know the alternative investment options In case you sell your house property after two years from the date of purchase, you may reduce or eliminate… 3 years ago
Tax incentives unlikely for sovereign green bonds At the 26th Session of the Conference of Parties to the UNFCCC in Glasgow in November 2021, Prime Minister Narendra… 3 years agoSeptember 11, 2022
Direct tax collections rise 30% till September 8 High mop-up despite a 65% jump in refunds 3 years agoSeptember 9, 2022
India committed to privatisation, bank reforms; repositioning economy amid global challenges: FM Sitharaman India is the fastest growing economy despite global headwinds, and it is aiming to drive global growth as well, Finance… 3 years agoSeptember 5, 2022
Your Money – Portfolio management fee: Is it tax deductible? With tax tribunals giving contrary decisions, the government needs to clarify whether it is deductible from taxable income 3 years agoSeptember 1, 2022
Exemption-free tax regime needs tweaking, analysts One option is to introduce a standard deduction of up to Rs 2 lakh in the new regime sans exemptions… 3 years agoAugust 28, 2022
ARCs, gaming, betting under lens: CBDT chief Search and survey/seizure operations by the I-T department yield about Rs 5,000-6,000 crore annually, sources said. However, these have a… 3 years ago
Direct tax collections rise 33% till August 24 Despite higher refunds, direct tax collections stood at about Rs 4.8 trillion as on August 24 of the current fiscal. 3 years agoAugust 26, 2022
Taxes on mining industry should be pruned to global level: Ficci “The government has taken numerous initiatives for reducing total quantum of taxes and levies on mining industry from 60-55% to… 3 years agoAugust 24, 2022
Taxpayers get more time to claim foreign tax credit Further, the FTC can now be claimed even when filing an updated return of income provided Form-67 is furnished before… 3 years agoAugust 19, 2022
Govt reviews windfall gains tax, cuts cess on crude; hikes export duty on jet fuel, diesel Central government in its fortnightly review of windfall gains tax on August 18 cut the cess on crude oil to… 3 years agoAugust 19, 2022
India, others oppose OECD plan on future digital taxes The developing countries also expressed strong concern about proposed dispute resolution mechanism, saying independent experts should not perform what is… 3 years agoAugust 18, 2022
