Tax Declarations
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Modi 3.0's Tax Exemption Limit Is Biggest Ever Since 2005
The Union Budget 2025-26 presented by Nirmala Sitharaman declared that there will be no income tax payable up to a total income of Rs 12 lakh.
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Donald Trump Fires "Tremendous Tariff-Maker" Warning At India, China
Donald Trump on Tuesday denounced India, China, and Brazil as "tremendous tariff-maker(s)" and said his government would not allow the three to do this, declaring, "... we're not going to let that happen... we're going to put America first".
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After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el
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Chhattisgarh Declares 'Article 370' Film Tax-Free In State
The BJP government in Chhattisgarh on Friday declared the Bollywood film "Article 370" as tax-free in the state.
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Spain Prosecutors Seek Jail For Real Madrid Coach Carlo Ancelotti Over Tax
Spanish prosecutors on Wednesday called for Real Madrid coach Carlo Ancelotti to be jailed for four years and nine months, saying he had failed to declare earnings to the tax office.
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7.4 Crore Income Tax Returns Filed For 2022-23: Finance Minister
Number of entities, including individuals, who filed income tax returns increased by 6.18 per cent in 2022-23 to over 7.40 crore, of which about 5.16 crore declared zero tax liability, Finance Minister Nirmala Sitharaman said on Monday.
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WazirX Ties Up With Singapore’s TaxNodes to Simplify Crypto Tax Computations, Filings: Details
WazirX has partnered up with TaxNodes to help its users compute their crypto taxes in India and file their taxes on a timely basis. Owing to the confusions surrounding the taxes on crypto gains in India, it is rather alarming that only around 100,000 crypto holders declared their holdings and paid the due tax amount in India last year. Industry pla...
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India Clocked 0.07 Percent Crypto Tax Payers; Over 99 Percent Global Investors Evaded Dues: Divly Report
It is estimated that only 0.07 percent of Indian crypto owners actually declared and paid their taxes in the year of 2022. The finding has been published by Divly, a Sweden-based tech research firm. With 4.09 percent, Finland clocked the maximum crypto tax payment rate, while India secured the 22nd rank on the index.
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Nobel Laureate Maria Ressa Cleared By Philippine Court Of Tax Evasion
The 2018 case accused the journalist and her organization of not declaring taxable income worth $2.58 million.
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Italy Imposes 26 Percent Capital Tax on Crypto Profits Above $2,060: All Details
Italy has decided to impose a 26 percent capital tax on profits exceeding $2,060 (roughly Rs.1.7 lakh) generated out of crypto trading. The nation has listed some incentives for crypto investors to encourage them to declare their holdings. Most transactions facilitated via crypto assets are anonymous and untraceable. By taxing crypto transactions, ...
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Italy Proposes Bill to Levy 26 Percent Tax on Crypto Profits Exceeding $2,000
In a draft crypto law bill, Italy is planning to levy a 26 percent tax on crypto profits, exceeding over $2,000 (roughly Rs. 1.62 lakh). Once signed into a law, the proposed bill will allow tax-payers to bag some incentives by declaring their crypto holdings and paying a 14 percent tax.
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Colombia to Soon Get Digital Currency Aimed at Slashing Tax Evasion Crimes
Tax evasion in Colombia is a major issue and is estimated to account for up to eight percent of the country’s gross domestic product (GDP) so far. Under the newly officiated Colombian President Gustavo Petro, the government of Colombia is banking on the development and use of a national digital currency to prevent financial crimes thriving in the...
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Audit Report Flags Data Non-Sharing Between Tax Department, Home Ministry
The CAG has slammed the income tax department for not formulating a data sharing mechanism with the Home Ministry to keep track of foreign contributions received and their utilisation for the declared purpose by charitable trusts and institutions.
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NDTV Group's Best Q1 In Over A Decade, Best-Ever Quarter For Digital Arm
The NDTV Group is declaring its best-ever first quarter (Q1) in the last 14 years with Profit After Tax of Rs 23.2 crore. Revenue over the same quarter last year has increased by Rs 18 crore.
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India Fails to Bag Spot Among World’s Crypto-Ready Countries, Hong Kong Tops List
In its latest ‘Worldwide Crypto Readiness Report’, Forex Suggest did not name India among crypto-friendly and ready nations. The study analysed several aspects before declaring Hong Kong as the most crypto-friendly country. These aspects included the number of crypto ATMs, the legislation and taxes surrounding cryptocurrencies, as well as the n...
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Modi 3.0's Tax Exemption Limit Is Biggest Ever Since 2005
The Union Budget 2025-26 presented by Nirmala Sitharaman declared that there will be no income tax payable up to a total income of Rs 12 lakh.
-
Donald Trump Fires "Tremendous Tariff-Maker" Warning At India, China
Donald Trump on Tuesday denounced India, China, and Brazil as "tremendous tariff-maker(s)" and said his government would not allow the three to do this, declaring, "... we're not going to let that happen... we're going to put America first".
-
After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el
-
Chhattisgarh Declares 'Article 370' Film Tax-Free In State
The BJP government in Chhattisgarh on Friday declared the Bollywood film "Article 370" as tax-free in the state.
-
Spain Prosecutors Seek Jail For Real Madrid Coach Carlo Ancelotti Over Tax
Spanish prosecutors on Wednesday called for Real Madrid coach Carlo Ancelotti to be jailed for four years and nine months, saying he had failed to declare earnings to the tax office.
-
7.4 Crore Income Tax Returns Filed For 2022-23: Finance Minister
Number of entities, including individuals, who filed income tax returns increased by 6.18 per cent in 2022-23 to over 7.40 crore, of which about 5.16 crore declared zero tax liability, Finance Minister Nirmala Sitharaman said on Monday.
-
WazirX Ties Up With Singapore’s TaxNodes to Simplify Crypto Tax Computations, Filings: Details
WazirX has partnered up with TaxNodes to help its users compute their crypto taxes in India and file their taxes on a timely basis. Owing to the confusions surrounding the taxes on crypto gains in India, it is rather alarming that only around 100,000 crypto holders declared their holdings and paid the due tax amount in India last year. Industry pla...
-
India Clocked 0.07 Percent Crypto Tax Payers; Over 99 Percent Global Investors Evaded Dues: Divly Report
It is estimated that only 0.07 percent of Indian crypto owners actually declared and paid their taxes in the year of 2022. The finding has been published by Divly, a Sweden-based tech research firm. With 4.09 percent, Finland clocked the maximum crypto tax payment rate, while India secured the 22nd rank on the index.
-
Nobel Laureate Maria Ressa Cleared By Philippine Court Of Tax Evasion
The 2018 case accused the journalist and her organization of not declaring taxable income worth $2.58 million.
-
Italy Imposes 26 Percent Capital Tax on Crypto Profits Above $2,060: All Details
Italy has decided to impose a 26 percent capital tax on profits exceeding $2,060 (roughly Rs.1.7 lakh) generated out of crypto trading. The nation has listed some incentives for crypto investors to encourage them to declare their holdings. Most transactions facilitated via crypto assets are anonymous and untraceable. By taxing crypto transactions, ...
-
Italy Proposes Bill to Levy 26 Percent Tax on Crypto Profits Exceeding $2,000
In a draft crypto law bill, Italy is planning to levy a 26 percent tax on crypto profits, exceeding over $2,000 (roughly Rs. 1.62 lakh). Once signed into a law, the proposed bill will allow tax-payers to bag some incentives by declaring their crypto holdings and paying a 14 percent tax.
-
Colombia to Soon Get Digital Currency Aimed at Slashing Tax Evasion Crimes
Tax evasion in Colombia is a major issue and is estimated to account for up to eight percent of the country’s gross domestic product (GDP) so far. Under the newly officiated Colombian President Gustavo Petro, the government of Colombia is banking on the development and use of a national digital currency to prevent financial crimes thriving in the...
-
Audit Report Flags Data Non-Sharing Between Tax Department, Home Ministry
The CAG has slammed the income tax department for not formulating a data sharing mechanism with the Home Ministry to keep track of foreign contributions received and their utilisation for the declared purpose by charitable trusts and institutions.
-
NDTV Group's Best Q1 In Over A Decade, Best-Ever Quarter For Digital Arm
The NDTV Group is declaring its best-ever first quarter (Q1) in the last 14 years with Profit After Tax of Rs 23.2 crore. Revenue over the same quarter last year has increased by Rs 18 crore.
-
India Fails to Bag Spot Among World’s Crypto-Ready Countries, Hong Kong Tops List
In its latest ‘Worldwide Crypto Readiness Report’, Forex Suggest did not name India among crypto-friendly and ready nations. The study analysed several aspects before declaring Hong Kong as the most crypto-friendly country. These aspects included the number of crypto ATMs, the legislation and taxes surrounding cryptocurrencies, as well as the n...
