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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
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No TCS On International Credit Card Spends Abroad: Centre Scraps New Rule
Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.
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Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
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Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
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Japan Said to Step Up Efforts in Issuing Digital Yen With Creation of New Panel, Start of Pilot Programme
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry is said to set up a panel of experts as early as April to discuss the feasibility of issuing a di...
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Finance Ministry To Meet Bank Chiefs To Promote Cross-Border Trade In Rupee
Financial Services Secretary Vivek Joshi will be chairing the meeting and is also likely to see attendance from representatives of the Reserve Bank of India and Indian Banks' Association (IBA), sources said.
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Rupee At All-Time Low, Finance Ministry Sources Say Not Due To Economy
Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.
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Russia To Spend $600 Billion On Defence And Security By 2025: Report
Russia is planning to spend a total of 34 trillion roubles ($600 billion) on national defence, security and law enforcement between 2022 and 2025 under its latest expenditure plan, a source familiar with finance ministry calculations told Reuters.
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Finance Ministry To Review Exemption-Free Tax Regime: Report
The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources said.
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No Decision Yet On Jet Fuel Tax Cut, Say Government Sources
Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices
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Banks To Hold Talks On Waiving Off Students' Loans For Ukraine Studies
According to Finance Ministry sources, as many as 1,319 students had availed education loan from public sector and 21 private sector banks
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Record Tax Collections Signify Economic Recovery, To Boost Growth: Government
Official sources say that the growth revenue collections has also boosted country's tax-GDP ratio for 2021-22 to 11.7 per cent
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Huawei Said to Be Accused of Tax Evasion in India
An Indian tax investigation on China's Huawei has found that the telecom equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source said.
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India's Digital Currency To Debut By Early 2023: Report
India's very own official digital currency is likely to debut by early 2023 and will be a sovereign-backed facility, a top government source said
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Centre In "Constant Discussion" With Finance Ministry To Reduce Fuel Prices: Government Sources
The Centre is in "constant discussion" with the Finance Ministry for reduction in petroleum prices, government sources told NDTV
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Scenarios Where New Long-Term Capital Gains Tax Structure Is Beneficial
One of the benefits of simplification of any tax structure is that it removes differential rates for various classes of assets, Finance Ministry sources said, responding to feedback from the public on the changes in LTCG tax.
-
No TCS On International Credit Card Spends Abroad: Centre Scraps New Rule
Payments made by using international credit cards (ICC) during overseas visits will not attract Tax Collected at Source or TCS, as per the latest notification issued by the Finance Ministry.
-
Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
-
Ministry's Clarification On Tax On Overseas Spending Through Credit Cards
The government on Friday said no TCS will be levied on international spending of up to Rs 7 lakh a year by using debit or credit cards.
-
Japan Said to Step Up Efforts in Issuing Digital Yen With Creation of New Panel, Start of Pilot Programme
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry is said to set up a panel of experts as early as April to discuss the feasibility of issuing a di...
-
Finance Ministry To Meet Bank Chiefs To Promote Cross-Border Trade In Rupee
Financial Services Secretary Vivek Joshi will be chairing the meeting and is also likely to see attendance from representatives of the Reserve Bank of India and Indian Banks' Association (IBA), sources said.
-
Rupee At All-Time Low, Finance Ministry Sources Say Not Due To Economy
Despite the decision to extend the free ration scheme for the seventh time, the fiscal deficit will still meet the budget target of 6.4 per cent of the GDP for this year, a Finance Ministry official added.
-
Russia To Spend $600 Billion On Defence And Security By 2025: Report
Russia is planning to spend a total of 34 trillion roubles ($600 billion) on national defence, security and law enforcement between 2022 and 2025 under its latest expenditure plan, a source familiar with finance ministry calculations told Reuters.
-
Finance Ministry To Review Exemption-Free Tax Regime: Report
The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources said.
-
No Decision Yet On Jet Fuel Tax Cut, Say Government Sources
Finance ministry has not yet taken a view on the civil aviation ministry's plea for tax cuts on jet fuel or aviation turbine fuel to bring down prices
-
Banks To Hold Talks On Waiving Off Students' Loans For Ukraine Studies
According to Finance Ministry sources, as many as 1,319 students had availed education loan from public sector and 21 private sector banks
-
Record Tax Collections Signify Economic Recovery, To Boost Growth: Government
Official sources say that the growth revenue collections has also boosted country's tax-GDP ratio for 2021-22 to 11.7 per cent
-
Huawei Said to Be Accused of Tax Evasion in India
An Indian tax investigation on China's Huawei has found that the telecom equipment maker manipulated account books to reduce its taxable income in the country, an Indian government source said.
-
India's Digital Currency To Debut By Early 2023: Report
India's very own official digital currency is likely to debut by early 2023 and will be a sovereign-backed facility, a top government source said
-
Centre In "Constant Discussion" With Finance Ministry To Reduce Fuel Prices: Government Sources
The Centre is in "constant discussion" with the Finance Ministry for reduction in petroleum prices, government sources told NDTV
