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Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
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Budget 2025: ICAI Proposes Joint Tax Filing, How Married Couples Will Benefit From It
Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint taxation for married couples.
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How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
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Telcos Can Claim Tax Credit For Duties Paid On Towers, Others: Supreme Court
In a relief to mobile service providers, the Supreme Court on Wednesday held that the telecom companies can take the benefit of CENVAT credit for payment of service tax on the output services rendered by them.
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Apple Loses Court Battle in EU, Ordered to Pay Over $14 Billion in Back Taxes to Ireland
The European Court of Justice has now sided with Vestager, agreeing Apple had unduly benefited from unfair loopholes in Ireland's tax regime, and that the company must now hand Ireland EUR 13 billion roughly Rs. 1,20,903 crore) in back payments.
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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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Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
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In 8:1 Verdict, Supreme Court Upholds States' Rights On Mineral Tax Royalty
The Supreme Court on Thursday upheld states' right to levy royalty on mineral-bearing land, reasoning they had competence and power to do so; this will benefit mineral-rich states like Odisha, Jharkhand, Bengal, Chhattisgarh, Madhya Pradesh.
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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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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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Budget 2024: Big Push For Jobs, New Tax Regime Benefits, Reward For Allies
The first budget of Modi 3.0 has rewarded key NDA allies, relieved taxpayers under the new regime and focused on creating job opportunities for youngsters.
-
Union Budget 2024: Insurers Expect More Tax Benefits For Health Insurance
More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.
-
UP Slashes Road Tax On Strong Hybrid, Plug-in Hybrid Electric Cars
Uttar Pradesh waives road tax on hybrid cars to promote eco-friendly transportation, benefiting models like the Maruti Suzuki Grand Vitara and more.
-
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.
-
How To Make Rs 1 Crore By Investing In PPF
The Public Provident Fund (PPF) stands out as a robust and reliable investment option for individuals seeking tax-saving avenues coupled with long-term financial security.
-
Union Budget 2025: Experts Hope Government Will Simplify Process Of Claiming Tax Benefits For Education Loans
Section 80E allows individuals to claim deductions on interest paid for loans taken for higher education, including studies abroad.
-
Budget 2025: ICAI Proposes Joint Tax Filing, How Married Couples Will Benefit From It
Ahead of the Union Budget 2025, the Institute of Chartered Accountants of India (ICAI) has proposed the introduction of joint taxation for married couples.
-
How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More
PAN 2.0 is a secure and upgraded financial identity system introduced by India’s Income Tax Department. This innovative card offers faster issuance, digital updates, Aadhaar integration, and QR code-based identity verification. Our guide explains the step-by-step process to apply via NSDL or UTIITSL, eligibility criteria, required documents, and ...
-
Telcos Can Claim Tax Credit For Duties Paid On Towers, Others: Supreme Court
In a relief to mobile service providers, the Supreme Court on Wednesday held that the telecom companies can take the benefit of CENVAT credit for payment of service tax on the output services rendered by them.
-
Apple Loses Court Battle in EU, Ordered to Pay Over $14 Billion in Back Taxes to Ireland
The European Court of Justice has now sided with Vestager, agreeing Apple had unduly benefited from unfair loopholes in Ireland's tax regime, and that the company must now hand Ireland EUR 13 billion roughly Rs. 1,20,903 crore) in back payments.
-
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.
-
Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
-
In 8:1 Verdict, Supreme Court Upholds States' Rights On Mineral Tax Royalty
The Supreme Court on Thursday upheld states' right to levy royalty on mineral-bearing land, reasoning they had competence and power to do so; this will benefit mineral-rich states like Odisha, Jharkhand, Bengal, Chhattisgarh, Madhya Pradesh.
-
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.
-
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
-
Budget 2024: Big Push For Jobs, New Tax Regime Benefits, Reward For Allies
The first budget of Modi 3.0 has rewarded key NDA allies, relieved taxpayers under the new regime and focused on creating job opportunities for youngsters.
-
Union Budget 2024: Insurers Expect More Tax Benefits For Health Insurance
More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.
-
UP Slashes Road Tax On Strong Hybrid, Plug-in Hybrid Electric Cars
Uttar Pradesh waives road tax on hybrid cars to promote eco-friendly transportation, benefiting models like the Maruti Suzuki Grand Vitara and more.
-
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.
-
How To Make Rs 1 Crore By Investing In PPF
The Public Provident Fund (PPF) stands out as a robust and reliable investment option for individuals seeking tax-saving avenues coupled with long-term financial security.
