Corporate Income Tax
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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42 Crores Found Under Bed In Bengaluru Home, KCR's Party Finds A Poll Link
More than Rs 42 crore in cash was found hidden in 22 boxes under a bed at a house in Bengaluru late last night. The cash was recovered following Income Tax raids on a former woman corporator and her husband.
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Net Direct Tax Collection Grows 11% To 3.80 Lakh Crore So Far This Year
Higher advance tax collection helped net direct tax kitty swell 11 per cent to Rs 3.80 lakh crore so far this fiscal, a reflection of economic activity gaining traction.
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"We Stand Up For BBC": UK Government In Parliament After Tax 'Survey'
The British government has strongly defended the BBC and its editorial freedom in Parliament after the Income-Tax department's survey operations on the UK-headquartered media corporation's New Delhi and Mumbai offices over three days last week.
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Full Statement Of Income Tax Department On 'Survey' At BBC Offices
The Income Tax Department has claimed it has uncovered irregularities in the accounting books of the British Broadcasting Corporation (BBC) after a three-day survey, which came weeks after the corporation aired a series on PM Modi.
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"No One Is Above Law": Minister Anurag Thakur On Tax Survey At BBC Offices
Union minister Anurag Thakur today doubled down on the Income Tax Department "survey" at the Delhi and Mumbai offices of the BBC (British Broadcasting Corporation), saying "No one is above the law".
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At BBC Delhi Office, Taxmen Searched For 'Tax' Keyword On Desktops: Sources
The Income Tax officials who paid a visit to the offices of the BBC (British Broadcasting Corporation) in Delhi and Mumbai today, not only took away laptops and phones of employees for examination, they also inspected the desktops at the offices
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"On Valentine's Day...": Trinamool's Mahua Moitra On BBC Tax Searches
TMC MP Mahua Moitra on Tuesday asked if the "raids" on the British Broadcasting Corporation's (BBC) offices would be followed by one on "Mr A" in an apparent dig at Adani Group chief Gautam Adani.
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Income, Corporate Taxes To Grow By 10.5% To Rs 18.23 Lakh In FY24
The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next fiscal.
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Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
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Corporate Tax Collection Grows 34% Between April And July
The corporate tax collection in the first four months of the current fiscal year has seen a growth of 34 per cent as compared to the corresponding period of the Fiscal Year 2021-2022.
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Bullet Train Project: Compensation Amount Not Taxable Says High Court
The Bombay High Court said that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd (NHSRCL) acquired for the Mumbai-Ahmedabad bullet train project.
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Jeff Bezos, Joe Biden Engage in War of Words: Can Corporate Taxes Tame Inflation?
Jeff Bezos initiated a political fight this weekend on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection”. Replying to Bezos on Monday, the White House commented that the billionaire “opposes an economic agenda for the middle class.”
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Thailand Approves Enhanced Incentives To Boost EV Use
Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of a five-year corporate income tax exemption available to investments in charging stations with at least 40 chargers.
-
Direct tax Collections Surged To Rs 14.09 Lakh Crore In 2021-22
Direct tax collections surged to Rs 14.09 lakh crore in 2021-22 registering a year-on-year growth of 49.02 per cent
-
Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
42 Crores Found Under Bed In Bengaluru Home, KCR's Party Finds A Poll Link
More than Rs 42 crore in cash was found hidden in 22 boxes under a bed at a house in Bengaluru late last night. The cash was recovered following Income Tax raids on a former woman corporator and her husband.
-
Net Direct Tax Collection Grows 11% To 3.80 Lakh Crore So Far This Year
Higher advance tax collection helped net direct tax kitty swell 11 per cent to Rs 3.80 lakh crore so far this fiscal, a reflection of economic activity gaining traction.
-
"We Stand Up For BBC": UK Government In Parliament After Tax 'Survey'
The British government has strongly defended the BBC and its editorial freedom in Parliament after the Income-Tax department's survey operations on the UK-headquartered media corporation's New Delhi and Mumbai offices over three days last week.
-
Full Statement Of Income Tax Department On 'Survey' At BBC Offices
The Income Tax Department has claimed it has uncovered irregularities in the accounting books of the British Broadcasting Corporation (BBC) after a three-day survey, which came weeks after the corporation aired a series on PM Modi.
-
"No One Is Above Law": Minister Anurag Thakur On Tax Survey At BBC Offices
Union minister Anurag Thakur today doubled down on the Income Tax Department "survey" at the Delhi and Mumbai offices of the BBC (British Broadcasting Corporation), saying "No one is above the law".
-
At BBC Delhi Office, Taxmen Searched For 'Tax' Keyword On Desktops: Sources
The Income Tax officials who paid a visit to the offices of the BBC (British Broadcasting Corporation) in Delhi and Mumbai today, not only took away laptops and phones of employees for examination, they also inspected the desktops at the offices
-
"On Valentine's Day...": Trinamool's Mahua Moitra On BBC Tax Searches
TMC MP Mahua Moitra on Tuesday asked if the "raids" on the British Broadcasting Corporation's (BBC) offices would be followed by one on "Mr A" in an apparent dig at Adani Group chief Gautam Adani.
-
Income, Corporate Taxes To Grow By 10.5% To Rs 18.23 Lakh In FY24
The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next fiscal.
-
Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
-
Corporate Tax Collection Grows 34% Between April And July
The corporate tax collection in the first four months of the current fiscal year has seen a growth of 34 per cent as compared to the corresponding period of the Fiscal Year 2021-2022.
-
Bullet Train Project: Compensation Amount Not Taxable Says High Court
The Bombay High Court said that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd (NHSRCL) acquired for the Mumbai-Ahmedabad bullet train project.
-
Jeff Bezos, Joe Biden Engage in War of Words: Can Corporate Taxes Tame Inflation?
Jeff Bezos initiated a political fight this weekend on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection”. Replying to Bezos on Monday, the White House commented that the billionaire “opposes an economic agenda for the middle class.”
-
Thailand Approves Enhanced Incentives To Boost EV Use
Smaller charging stations will now be eligible for three-year tax benefits, an extra incentive on top of a five-year corporate income tax exemption available to investments in charging stations with at least 40 chargers.
-
Direct tax Collections Surged To Rs 14.09 Lakh Crore In 2021-22
Direct tax collections surged to Rs 14.09 lakh crore in 2021-22 registering a year-on-year growth of 49.02 per cent
