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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
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Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
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Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
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Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
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Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
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Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
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GST Collection Stood At Rs 1.73 Lakh Crore In May, Says Ministry
The gross Goods and Services Tax (GST) collection for May stood at Rs 1.73 lakh crore, according to the release by the Ministry of Finance.
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Telangana Collecting 'Rahul Revanth' Tax: Amit Shah
Union Home Minister Amit Shah on Sunday alleged that the Congress government in Telangana is collecting 'Rahul Revanth' tax to fund the party's election campaign in the country.
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GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
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"RRR Movie Glorified India Worldwide But Congress' RR Tax...": PM In Telangana
Referring to the blockbuster Telugu film titled 'RRR', PM Narendra Modi took a veiled attack on Telangana Chief Minister Revanth Reddy, alleging that the money collected in the state through "double R (RR) tax' is being channelled to Delhi.
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Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
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UK's Birmingham To Approve Service Cuts, Tax Hikes To Avoid Bankruptcy
Councillors in the UK's second-largest city Birmingham were poised Tuesday to approve tax hikes and deep cuts to public services that could include axed arts funding and reduced rubbish collection, as the city fights to avoid bankruptcy.
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Defeated In Council, Karnataka Temple Tax Bill Passed By Both Houses
A bill that sought to collect funds from temples with over Rs 10 lakh annual income, which was defeated by the opposition BJP-JD(S) combine in the legislative council last week, was taken up for reconsideration and passed by both houses of the legisl
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Net Direct Tax Collection Rises 19.4% YoY To ₹14.7 Trillion Rupees
The Indian government's net direct tax collection has risen 19.4% year-on-year to 14.7 trillion rupees ($177.1 billion) in the ongoing financial year up to Jan. 10, according to a statement from the Ministry of Finance.
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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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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
-
Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
-
Direct Tax Collections Surge 22.5%. Here's How It Will Help The Economy
India's net direct tax collection surged by 22.5 per cent to Rs 6.93 lakh crore during the current financial year so far (April 1 to August 11) which is expected to keep the country firmly on the path of fiscal consolidation.
-
Net Direct Tax Collection Grows 22% To Rs 6.93 Lakh Crore: Government Data
Net direct tax collection grew 22.48 per cent to about Rs 6.93 lakh crore as of August 11 this fiscal, government data showed on Monday.
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Direct Tax Collection Surges 20% To Rs 5.74 Lakh Crore In 2024-25 So Far
India's net direct tax collection posted a robust 19.5% growth to Rs 5.74 lakh crore as on till July 11 of the current financial year compared to the same period of the previous year, according to the Income Tax Department.
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Net Direct Tax Collection In FY25 Surges By 20%, Reaches Rs 4.62 Lakh Crore
The Ministry of Finance has announced a robust growth in India's direct tax collections for the financial year 2024-25, with net collections increasing by 20.99 per cent and gross collections growing by 22.19 per cent.
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GST Collection Stood At Rs 1.73 Lakh Crore In May, Says Ministry
The gross Goods and Services Tax (GST) collection for May stood at Rs 1.73 lakh crore, according to the release by the Ministry of Finance.
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Telangana Collecting 'Rahul Revanth' Tax: Amit Shah
Union Home Minister Amit Shah on Sunday alleged that the Congress government in Telangana is collecting 'Rahul Revanth' tax to fund the party's election campaign in the country.
-
GST Revenues Hit Record Rs 2.10 Lakh Crore In April. Here's What Led To It
Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said today.
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"RRR Movie Glorified India Worldwide But Congress' RR Tax...": PM In Telangana
Referring to the blockbuster Telugu film titled 'RRR', PM Narendra Modi took a veiled attack on Telangana Chief Minister Revanth Reddy, alleging that the money collected in the state through "double R (RR) tax' is being channelled to Delhi.
-
Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
-
UK's Birmingham To Approve Service Cuts, Tax Hikes To Avoid Bankruptcy
Councillors in the UK's second-largest city Birmingham were poised Tuesday to approve tax hikes and deep cuts to public services that could include axed arts funding and reduced rubbish collection, as the city fights to avoid bankruptcy.
-
Defeated In Council, Karnataka Temple Tax Bill Passed By Both Houses
A bill that sought to collect funds from temples with over Rs 10 lakh annual income, which was defeated by the opposition BJP-JD(S) combine in the legislative council last week, was taken up for reconsideration and passed by both houses of the legisl
-
Net Direct Tax Collection Rises 19.4% YoY To ₹14.7 Trillion Rupees
The Indian government's net direct tax collection has risen 19.4% year-on-year to 14.7 trillion rupees ($177.1 billion) in the ongoing financial year up to Jan. 10, according to a statement from the Ministry of Finance.
-
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.
