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Restaurant Bodies Fined Rs 2 Lakh For Challenging Service Tax Ban
Delhi High Court has imposed total costs of Rs 2 lakh on two restaurant bodies for failing to comply with an order passed in relation to their challenge to the guidelines prohibiting hotels and restaurants from automatically levying service charge.
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Delhi High Court Stays Guidelines Prohibiting Hotels Charging Service Tax
The Delhi High Court on Wednesday stayed the recent guidelines prohibiting hotels and restaurants from levying service charge automatically on food bills.
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Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel
Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a hike in foreign direct investment is highly warranted. Other sectors have been allowed to have FDI via automatic route. Considering the fact aviation ...
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India Gets First Chunk Of Data On Swiss Bank Account Holders
India has got first chunk of Swiss bank account details of its nationals under a new automatic information exchange pact, a major milestone in the government's fight against black money stashed abroad.
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Filing Income Tax Return Using Aadhaar Leads To Allotment Of Aadhaar. Read Latest Rules Here
PAN Aadhaar news: The Income Tax Department said last month that a PAN will be generated automatically if a person files the ITR is filed using Aadhaar. Current income tax laws allow an individual to furnish Aadhaar interchangeably with PAN. That means instead of the 10-character PAN, a 12-digit Aadhaar number or Unique Identity Number can be quote...
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PAN To Be Created Automatically If Tax Return Filed Using Aadhaar: 10 Facts
A Permanent Account Number or PAN will be generated automatically if an individual files the income tax return by quoting an Aadhaar number, the Central Board of Direct Taxes said in a notification on Monday. PAN is a 10-digit alphanumeric number issued by the I-T department to individuals and entities for filing tax returns. While presenting the B...
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Tax Officials To Get Swiss Bank Details Of Indians From Today
Banking details of Indians with accounts in Switzerland will be available to tax authorities from Sunday as the automatic exchange of information regime kicks off between the two countries.
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Indo-Swiss Deal To Ease Data Sharing For Indian Accounts In Swiss Banks
In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland on Thursday that would allow automatic exchange of tax-related information from January 1 2018, the Central Board of Direct Taxes said.
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NPS Account: How To Link With Aadhaar Card And Make It FATCA-Compliant Online
FATCA or Foreign Account Tax Compliance Act allows automatic exchange of financial information between India and the US.
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India To Cooperate With Switzerland In Fight Against Black Money: PM Modi
India and Switzerland today discussed issues relating to transparency in financial transactions and agreed on early operationalisation of the automatic exchange of information on tax between the two countries in a bid to check black money.
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Income Tax Department To Scrutinise Relief Claims By Sick Companies
The tax relief for sick companies approved by Board for Industrial and Financial Reconstruction (BIFR) under Sick Industrial Companies Act, 1985 will not automatically apply as the SICA has been repealed with effect from December 1, 2016, the tax department has said.
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Bad Service? You No Longer Have To Pay Service Charge At Restaurants
If you eat out and are not happy with the service, you can refuse to pay the service fee that's automatically tacked on to your bill by many restaurants.
-
BRICS Nations Vow To Automatic Sharing Of Tax Information
BRICS nations, including India, today pledged to share tax information automatically and adopt global standards on tax transparency to check cross border tax evasion.
-
Switzerland Starts Consultations On Sharing Details On Black Money With India
Moving ahead on automatic sharing of details on suspected black money, Switzerland today initiated its statutory consultation process for bringing into force Automatic Exchange of Information (AEOI) on tax matters with India and some other countries from January 1, 2018.
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Disclosed Black Money To Be Taxed At 50% Gets Closer To Being Law
The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...
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Restaurant Bodies Fined Rs 2 Lakh For Challenging Service Tax Ban
Delhi High Court has imposed total costs of Rs 2 lakh on two restaurant bodies for failing to comply with an order passed in relation to their challenge to the guidelines prohibiting hotels and restaurants from automatically levying service charge.
-
Delhi High Court Stays Guidelines Prohibiting Hotels Charging Service Tax
The Delhi High Court on Wednesday stayed the recent guidelines prohibiting hotels and restaurants from levying service charge automatically on food bills.
-
Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel
Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a hike in foreign direct investment is highly warranted. Other sectors have been allowed to have FDI via automatic route. Considering the fact aviation ...
-
India Gets First Chunk Of Data On Swiss Bank Account Holders
India has got first chunk of Swiss bank account details of its nationals under a new automatic information exchange pact, a major milestone in the government's fight against black money stashed abroad.
-
Filing Income Tax Return Using Aadhaar Leads To Allotment Of Aadhaar. Read Latest Rules Here
PAN Aadhaar news: The Income Tax Department said last month that a PAN will be generated automatically if a person files the ITR is filed using Aadhaar. Current income tax laws allow an individual to furnish Aadhaar interchangeably with PAN. That means instead of the 10-character PAN, a 12-digit Aadhaar number or Unique Identity Number can be quote...
-
PAN To Be Created Automatically If Tax Return Filed Using Aadhaar: 10 Facts
A Permanent Account Number or PAN will be generated automatically if an individual files the income tax return by quoting an Aadhaar number, the Central Board of Direct Taxes said in a notification on Monday. PAN is a 10-digit alphanumeric number issued by the I-T department to individuals and entities for filing tax returns. While presenting the B...
-
Tax Officials To Get Swiss Bank Details Of Indians From Today
Banking details of Indians with accounts in Switzerland will be available to tax authorities from Sunday as the automatic exchange of information regime kicks off between the two countries.
-
Indo-Swiss Deal To Ease Data Sharing For Indian Accounts In Swiss Banks
In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland on Thursday that would allow automatic exchange of tax-related information from January 1 2018, the Central Board of Direct Taxes said.
-
NPS Account: How To Link With Aadhaar Card And Make It FATCA-Compliant Online
FATCA or Foreign Account Tax Compliance Act allows automatic exchange of financial information between India and the US.
-
India To Cooperate With Switzerland In Fight Against Black Money: PM Modi
India and Switzerland today discussed issues relating to transparency in financial transactions and agreed on early operationalisation of the automatic exchange of information on tax between the two countries in a bid to check black money.
-
Income Tax Department To Scrutinise Relief Claims By Sick Companies
The tax relief for sick companies approved by Board for Industrial and Financial Reconstruction (BIFR) under Sick Industrial Companies Act, 1985 will not automatically apply as the SICA has been repealed with effect from December 1, 2016, the tax department has said.
-
Bad Service? You No Longer Have To Pay Service Charge At Restaurants
If you eat out and are not happy with the service, you can refuse to pay the service fee that's automatically tacked on to your bill by many restaurants.
-
BRICS Nations Vow To Automatic Sharing Of Tax Information
BRICS nations, including India, today pledged to share tax information automatically and adopt global standards on tax transparency to check cross border tax evasion.
-
Switzerland Starts Consultations On Sharing Details On Black Money With India
Moving ahead on automatic sharing of details on suspected black money, Switzerland today initiated its statutory consultation process for bringing into force Automatic Exchange of Information (AEOI) on tax matters with India and some other countries from January 1, 2018.
-
Disclosed Black Money To Be Taxed At 50% Gets Closer To Being Law
The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...
