Luxury Tax
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Joe Biden Pardons Son Hunter: A Look At Charges And Potential Punishment
Hunter Biden had pleaded guilty to failing to pay $1.4 million in taxes during a period when he allegedly spent excessively on drugs, luxury items, and other activities.
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
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Rolls Royce, Lamborghini, Crores Of Cash Seized From Tobacco Baron's Home
The Income Tax department executed a series of raids on Banshidhar Tobacco Company, unearthing a complex web of financial manipulations that extend across various states and even overseas.
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Badals Got Rs 108 Crore Waived In Taxes For Luxury Hotel: Bhagwant Mann
Punjab Chief Minister Bhagwant Mann on Thursday alleged that the Badal family had taxes worth Rs 108 crore waived for a Mohali-based luxury hotel -- Sukhvilas -- by way of a "tailor-made" eco-tourism policy during the Akali regime.
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Conman Sukesh Chandrashekar's Exotic Car Collection To Be Auctioned In Bengaluru
The cars which would be up for auction are BMW M5, Toyota Prado, Range Rover, Lamborghini, Jaguar XKR Coupe, Rolls Royce, Bentley, Innova Crysta, Toyota Fortuner, Nissan Teana and Porsche.
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Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
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Imran Khan Gets Luxury Tax Notice Worth Lakhs For Lahore House
Pakistan's former premier Imran Khan received on Monday a luxury tax notice of PKR 14 lakh for his Lahore residence from the Punjab provincial government, media reports said.
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Hollywood Celebrities Rush To Sell Homes Ahead Of New 'Mansion Tax'. Know What It Is
Jim Carrey, Britney Spears and Kylie Jenner are among the celebrities who have put their sprawling properties on the market in recent months.
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Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Pakistan Hikes Tax On Luxury Goods And Services To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Mercedes-Benz to Launch Three EVs in 2022, Aims to Capture Indian Luxury EV Segment: Report
Stuttgart-based Mercedes-Benz will launch three new EV luxury cars in India in 2022, according to a report. The company also wants to build a network of fast-charging stations across the country. It could benefit from the absence of Tesla in the country, and plans to start assembling cars locally to keep the prices low.
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No Tax Break For Elon Musk's Tesla From The Indian Government
The government says there's provision for locally assembling vehicles in India, which is the norm followed by several mainstream luxury carmakers in the country.
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Madras High Court Bench Deletes Remarks Made By Single Judge Against Actor Vijay
A division bench of the Madras High Court on Tuesday expunged the adverse remarks made by a single judge against top Tamil actor Vijay on the issue of entry tax over the import of a luxury car from England in 2012.
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Rolls-Royce Sold By Bollywood Star Among Luxury Cars Seized In Bengaluru
At least seven luxury cars were seized on Sunday by transport authorities in Bengaluru for not paying tax and lacking ownership documents, officials said.
-
Economists Say It's time For Norway To Tax Luxury Electric Cars
Norway should begin taxing high-end battery-powered cars to lower the overall cost of its generous electric vehicle (EV) incentives, economists at the International Monetary Fund (IMF) said in a working paper.
-
Joe Biden Pardons Son Hunter: A Look At Charges And Potential Punishment
Hunter Biden had pleaded guilty to failing to pay $1.4 million in taxes during a period when he allegedly spent excessively on drugs, luxury items, and other activities.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
Rolls Royce, Lamborghini, Crores Of Cash Seized From Tobacco Baron's Home
The Income Tax department executed a series of raids on Banshidhar Tobacco Company, unearthing a complex web of financial manipulations that extend across various states and even overseas.
-
Badals Got Rs 108 Crore Waived In Taxes For Luxury Hotel: Bhagwant Mann
Punjab Chief Minister Bhagwant Mann on Thursday alleged that the Badal family had taxes worth Rs 108 crore waived for a Mohali-based luxury hotel -- Sukhvilas -- by way of a "tailor-made" eco-tourism policy during the Akali regime.
-
Conman Sukesh Chandrashekar's Exotic Car Collection To Be Auctioned In Bengaluru
The cars which would be up for auction are BMW M5, Toyota Prado, Range Rover, Lamborghini, Jaguar XKR Coupe, Rolls Royce, Bentley, Innova Crysta, Toyota Fortuner, Nissan Teana and Porsche.
-
Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
-
Imran Khan Gets Luxury Tax Notice Worth Lakhs For Lahore House
Pakistan's former premier Imran Khan received on Monday a luxury tax notice of PKR 14 lakh for his Lahore residence from the Punjab provincial government, media reports said.
-
Hollywood Celebrities Rush To Sell Homes Ahead Of New 'Mansion Tax'. Know What It Is
Jim Carrey, Britney Spears and Kylie Jenner are among the celebrities who have put their sprawling properties on the market in recent months.
-
Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Pakistan Hikes Tax On Luxury Goods And Services To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Mercedes-Benz to Launch Three EVs in 2022, Aims to Capture Indian Luxury EV Segment: Report
Stuttgart-based Mercedes-Benz will launch three new EV luxury cars in India in 2022, according to a report. The company also wants to build a network of fast-charging stations across the country. It could benefit from the absence of Tesla in the country, and plans to start assembling cars locally to keep the prices low.
-
No Tax Break For Elon Musk's Tesla From The Indian Government
The government says there's provision for locally assembling vehicles in India, which is the norm followed by several mainstream luxury carmakers in the country.
-
Madras High Court Bench Deletes Remarks Made By Single Judge Against Actor Vijay
A division bench of the Madras High Court on Tuesday expunged the adverse remarks made by a single judge against top Tamil actor Vijay on the issue of entry tax over the import of a luxury car from England in 2012.
-
Rolls-Royce Sold By Bollywood Star Among Luxury Cars Seized In Bengaluru
At least seven luxury cars were seized on Sunday by transport authorities in Bengaluru for not paying tax and lacking ownership documents, officials said.
-
Economists Say It's time For Norway To Tax Luxury Electric Cars
Norway should begin taxing high-end battery-powered cars to lower the overall cost of its generous electric vehicle (EV) incentives, economists at the International Monetary Fund (IMF) said in a working paper.
