India Tax

The Income Tax department is conducting raids at the residence of Sunil Srivastava, allegedly a close aide and personal secretary of Jharkhand Chief Minister Hemant Soren, said sources on Saturday.

Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...

Introduction of the Goods and Services Tax (GST) in India was a "classical example of cooperative federalism," Chief Justice of India D Y Chandrachud said on Saturday.

India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.

Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products.

Uttar Pradesh on Thursday received Rs 31,962 crore advance instalment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.

The Centre has extended the deadline to file income tax audit reports for FY 2023-24. Originally set for September 30, the new October 7 deadline offers businesses and professionals a reprieve. Experts warn that further extensions are unlikely.

Amid uproar over reports that people in Himachal Pradesh will now be taxed based on the number of toilet seats they have in their houses, Chief Minister Sukhvinder Singh Sukhu today said that there was no such "toilet tax" in the state.

The Government has extended the deadline due to technical issues faced by taxpayers during electronic submissions.

Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.

India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...

Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee.

The Karnataka BJP on Wednesday hit out at the Siddaramaiah government after state Minister for Health Dinesh Gundu Rao approached the High Court against the "exorbitant" taxes charged by the Bruhat Bengaluru Mahanagara Palike (BBMP).

SpiceJet has not paid Rs 135.3 crore in Provident Fund payments to employees for periods from April 2020 to August 2023, the airline said in a document filed with the Bombay Stock Exchange.

The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.

The Income Tax department is conducting raids at the residence of Sunil Srivastava, allegedly a close aide and personal secretary of Jharkhand Chief Minister Hemant Soren, said sources on Saturday.

Paytm, the digital payments company, introduced a new unified payments interface (UPI) feature on Wednesday. The new feature, dubbed UPI statement download, allows users to get a detailed statement of their transaction history for the desired period. The service is available to all users without any cost. The company highlighted that the feature wi...

Introduction of the Goods and Services Tax (GST) in India was a "classical example of cooperative federalism," Chief Justice of India D Y Chandrachud said on Saturday.

India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.

Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products.

Uttar Pradesh on Thursday received Rs 31,962 crore advance instalment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.

The Centre has extended the deadline to file income tax audit reports for FY 2023-24. Originally set for September 30, the new October 7 deadline offers businesses and professionals a reprieve. Experts warn that further extensions are unlikely.

Amid uproar over reports that people in Himachal Pradesh will now be taxed based on the number of toilet seats they have in their houses, Chief Minister Sukhvinder Singh Sukhu today said that there was no such "toilet tax" in the state.

The Government has extended the deadline due to technical issues faced by taxpayers during electronic submissions.

Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.

India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...

Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee.

The Karnataka BJP on Wednesday hit out at the Siddaramaiah government after state Minister for Health Dinesh Gundu Rao approached the High Court against the "exorbitant" taxes charged by the Bruhat Bengaluru Mahanagara Palike (BBMP).

SpiceJet has not paid Rs 135.3 crore in Provident Fund payments to employees for periods from April 2020 to August 2023, the airline said in a document filed with the Bombay Stock Exchange.

The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.