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As Justin Trudeau's Popularity Sinks, Rival Promises To End Sales Tax On New Homes
The high cost of housing in Canada has helped sink Prime Minister Justin Trudeau's popularity, especially among younger voters.
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Karnataka Plans Tax Waivers for Hybrid Cars, Incentives for EVs
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.
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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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Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
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Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
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Petrol, Diesel To Get Costlier In Karnataka After Hike In Sales Tax On Fuel
Karnataka government on Saturday hiked sales tax on fuel which will make petrol and diesel costlier.
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World Bank Asks Pakistan To Bring Tax Reforms, Remove Sales Tax Exemptions
The World Bank has asked the Pakistani government to make tax reforms and remove the exemptions on duties and sales tax, Pakistan-based ARY News reported.
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JSW Says MG Motor Joint Venture Aims to Sell 1 Million EVs in India by 2030
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said.
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Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
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Mahindra Calls for EV Level Playing Field Amid Tesla's India Entry Plans
Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla.
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Cash Sales Of Rs 1,000 Crore Found In Raids On Electrical Items Manufacturer
The Income Tax department initiated search and seizure operations in the case of a group engaged in the manufacturing of wires, cables and other electrical items on December 22, 2023, the agency said in a statement on Wednesday.
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"12 Years Have Passed": Delhi Court On Construction Of Lawyers' Chambers
The judge listed the matter for further hearing on January 12 asking the chief secretary for a roadmap.
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"Akin To Jizya Tax": Union Minister Demands Ban On Halal Products In Bihar
Union Rural Development Minister Giriraj Singh on Thursday asked Bihar Chief Minister Nitish Kumar to ban the sale of "halal certified" products, calling it a "jihad" aimed at the "Islamisation of businesses".
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Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
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Apple CEO Tim Cook Gets $41 Million After Selling 511,000 Shares
Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.
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As Justin Trudeau's Popularity Sinks, Rival Promises To End Sales Tax On New Homes
The high cost of housing in Canada has helped sink Prime Minister Justin Trudeau's popularity, especially among younger voters.
-
Karnataka Plans Tax Waivers for Hybrid Cars, Incentives for EVs
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.
-
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.
-
Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
-
Budget 2024: Government Proposes To Remove Indexation Benefit On Sale Of Old Property
The government on Tuesday proposed reducing the long-term capital gains (LTCG) tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers
-
Petrol, Diesel To Get Costlier In Karnataka After Hike In Sales Tax On Fuel
Karnataka government on Saturday hiked sales tax on fuel which will make petrol and diesel costlier.
-
World Bank Asks Pakistan To Bring Tax Reforms, Remove Sales Tax Exemptions
The World Bank has asked the Pakistani government to make tax reforms and remove the exemptions on duties and sales tax, Pakistan-based ARY News reported.
-
JSW Says MG Motor Joint Venture Aims to Sell 1 Million EVs in India by 2030
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said.
-
Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
-
Mahindra Calls for EV Level Playing Field Amid Tesla's India Entry Plans
Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla.
-
Cash Sales Of Rs 1,000 Crore Found In Raids On Electrical Items Manufacturer
The Income Tax department initiated search and seizure operations in the case of a group engaged in the manufacturing of wires, cables and other electrical items on December 22, 2023, the agency said in a statement on Wednesday.
-
"12 Years Have Passed": Delhi Court On Construction Of Lawyers' Chambers
The judge listed the matter for further hearing on January 12 asking the chief secretary for a roadmap.
-
"Akin To Jizya Tax": Union Minister Demands Ban On Halal Products In Bihar
Union Rural Development Minister Giriraj Singh on Thursday asked Bihar Chief Minister Nitish Kumar to ban the sale of "halal certified" products, calling it a "jihad" aimed at the "Islamisation of businesses".
-
Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
-
Apple CEO Tim Cook Gets $41 Million After Selling 511,000 Shares
Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes in his biggest sale in more than two years as the shares of the iPhone maker slide off recent highs.
