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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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LIC Gets GST Demand Notice Of Rs 605.58 Crore
Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.
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Tax Benefits, Intellectual Property Rights On Pharma Industry's Budget Wishlist
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.
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LIC Gets GST Demand Notice Of Rs 178 Crore
Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 178 crore on it for short payment of Goods and Services Tax (GST) for two financial years.
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TikTok Influencer With 1 Million Followers Wants To Move To A 9-To-5 Job. Here's Why
While she initially thought of social media influencing as a profitable venture, she later found it to be more taxing than rewarding.
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US In "Stronger Position" To Win Against China Than Anyone Else: Joe Biden
US President Joe Biden called for higher taxes on corporations Thursday in his State of the Union address, while pushing for lower medicine costs and improved housing affordability, as he sought to allay concerns over the economy.
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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 Collections Rises 21.8% To Rs 9.57 Lakh Crore
The net direct tax collection increased by 21.82 per cent to over Rs 9.57 lakh crore till October 9, helped by good inflow from corporates and individuals, the Finance Ministry said on Tuesday.
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18% GST On Corporate Guarantees For Their Subsidiaries
The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company.
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Himachal Floods: 11 Passengers Of Punjab Roadways Bus Still Missing, 3 Bodies Recovered In Shimla
The wreckage of the Pepsu Roadways Transport Corporation (PRTC) bus was found 300 meters down from the green tax barrier of the Allo (potato) ground in the middle of the Beas river in Manali on Saturday.
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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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Switzerland Set To Introduce Global Minimum Corporate Tax, Climate Law
Swiss voters looked set to approve proposals to introduce a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, projections by public broadcaster SRF showed on Sunday.
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EU Regulator Moves Top Court to Make Apple Pay Over $14 Billion in Back Taxes
EU competition regulators appealed to the bloc's highest court on Tuesday to override a lower tribunal and make Apple pay a record EUR 13 billion ($14.3 billion or roughly Rs. 1,18,450 crore) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager'...
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Delhi Mayor Suspends Civic Body Chief Assessor, Collector Over House Tax Evasion
Municipal Corporation of Delhi (MCD) Mayor Shelly Oberoi today suspended MCD's Chief Assessor and Collector Kunal Kashyap who is an accused in an alleged case of house tax evasion, the official said.
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Odisha Court Sentences Ex-Tax Official To 2 Years In Jail For Taking Bribe
A special vigilance court here on Monday sentenced a former tax collector of the Berhampur Municipal Corporation (then municipality) to two years of imprisonment for taking a bribe of Rs 1,000 from a person seven years ago.
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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.
-
LIC Gets GST Demand Notice Of Rs 605.58 Crore
Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.
-
Tax Benefits, Intellectual Property Rights On Pharma Industry's Budget Wishlist
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies.
-
LIC Gets GST Demand Notice Of Rs 178 Crore
Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 178 crore on it for short payment of Goods and Services Tax (GST) for two financial years.
-
TikTok Influencer With 1 Million Followers Wants To Move To A 9-To-5 Job. Here's Why
While she initially thought of social media influencing as a profitable venture, she later found it to be more taxing than rewarding.
-
US In "Stronger Position" To Win Against China Than Anyone Else: Joe Biden
US President Joe Biden called for higher taxes on corporations Thursday in his State of the Union address, while pushing for lower medicine costs and improved housing affordability, as he sought to allay concerns over the economy.
-
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 Collections Rises 21.8% To Rs 9.57 Lakh Crore
The net direct tax collection increased by 21.82 per cent to over Rs 9.57 lakh crore till October 9, helped by good inflow from corporates and individuals, the Finance Ministry said on Tuesday.
-
18% GST On Corporate Guarantees For Their Subsidiaries
The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company.
-
Himachal Floods: 11 Passengers Of Punjab Roadways Bus Still Missing, 3 Bodies Recovered In Shimla
The wreckage of the Pepsu Roadways Transport Corporation (PRTC) bus was found 300 meters down from the green tax barrier of the Allo (potato) ground in the middle of the Beas river in Manali on Saturday.
-
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.
-
Switzerland Set To Introduce Global Minimum Corporate Tax, Climate Law
Swiss voters looked set to approve proposals to introduce a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, projections by public broadcaster SRF showed on Sunday.
-
EU Regulator Moves Top Court to Make Apple Pay Over $14 Billion in Back Taxes
EU competition regulators appealed to the bloc's highest court on Tuesday to override a lower tribunal and make Apple pay a record EUR 13 billion ($14.3 billion or roughly Rs. 1,18,450 crore) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager'...
-
Delhi Mayor Suspends Civic Body Chief Assessor, Collector Over House Tax Evasion
Municipal Corporation of Delhi (MCD) Mayor Shelly Oberoi today suspended MCD's Chief Assessor and Collector Kunal Kashyap who is an accused in an alleged case of house tax evasion, the official said.
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Odisha Court Sentences Ex-Tax Official To 2 Years In Jail For Taking Bribe
A special vigilance court here on Monday sentenced a former tax collector of the Berhampur Municipal Corporation (then municipality) to two years of imprisonment for taking a bribe of Rs 1,000 from a person seven years ago.
