Tax Demand
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Finance Minister Nirmala Sitharaman Creates History With Eight Consecutive Budget
Finance Minister Nirmala Sitharaman presented a record eighth consecutive union budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class.
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Opinion | This Is How Much Tax India's Middle Class Really Pays
The middle class has long been treated as a cash cow by successive governments, and there is a growing demand for fair treatment.
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Zomato Gets Rs 803 Crore GST Demand On Delivery Charges, Says Will Appeal
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.
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EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
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Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
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Group Of Ministers To Look Into GST Rate Cut Demand On Health Insurance: Nirmala Sitharaman
GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.
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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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Zomato Gets GST Tax Demand Notice Of Rs 4.59 Crore
Online food delivery platform Zomato has received GST tax demand orders of over Rs 4.59 crore, including applicable interest and penalty, from Tamil Nadu and West Bengal authorities.
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Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
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SBI Life Gets GST Demand Notice Of Rs 239 Crore
SBI Life on Thursday said tax authorities have slapped a demand notice of about Rs 239.27 crore on it for short payment of Goods and Services Tax (GST) for the financial year 2019-20.
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Centre Not To Relax $4 Billion Tax Demand To Infosys: Report
The central government is not considering any relaxation over the 320 billion rupees ($4 billion) tax demand it sent to Infosys, according to a government source.
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India May Send Tax Notices To More IT Firms After $4 Billion Demand To Infosys: Report
Tax officials may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a $4-billion tax demand.
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Colgate-Palmolive Receives Tax Demand Notice Of Nearly 250 Crores
Colgate-Palmolive (India) Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority in a transfer pricing-related issue.
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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.
-
Zomato Receives Over Rs 11 Crore Tax Penalty Notice
Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.
-
Finance Minister Nirmala Sitharaman Creates History With Eight Consecutive Budget
Finance Minister Nirmala Sitharaman presented a record eighth consecutive union budget, which comes in the backdrop of a slowdown in the economy and demand for tax cuts for the middle class.
-
Opinion | This Is How Much Tax India's Middle Class Really Pays
The middle class has long been treated as a cash cow by successive governments, and there is a growing demand for fair treatment.
-
Zomato Gets Rs 803 Crore GST Demand On Delivery Charges, Says Will Appeal
Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.
-
EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
-
Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
-
Group Of Ministers To Look Into GST Rate Cut Demand On Health Insurance: Nirmala Sitharaman
GST Council headed by Union Finance Minister Nirmala Sitharaman on Monday decided to set up a Group of Ministers (GoM) on reducing tax rate on life and health insurance and cut GST on cancer drugs and namkeens.
-
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.
-
Zomato Gets GST Tax Demand Notice Of Rs 4.59 Crore
Online food delivery platform Zomato has received GST tax demand orders of over Rs 4.59 crore, including applicable interest and penalty, from Tamil Nadu and West Bengal authorities.
-
Infosys $4 Billion Tax Demand Likely To Be Withdrawn After Backlash: Report
India is likely to retract its demand that Infosys pay $4 billion in back taxes after weeks of lobbying by the IT giant and an onslaught of criticism from the software services industry, said two government sources with direct knowledge of the plan.
-
SBI Life Gets GST Demand Notice Of Rs 239 Crore
SBI Life on Thursday said tax authorities have slapped a demand notice of about Rs 239.27 crore on it for short payment of Goods and Services Tax (GST) for the financial year 2019-20.
-
Centre Not To Relax $4 Billion Tax Demand To Infosys: Report
The central government is not considering any relaxation over the 320 billion rupees ($4 billion) tax demand it sent to Infosys, according to a government source.
-
India May Send Tax Notices To More IT Firms After $4 Billion Demand To Infosys: Report
Tax officials may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a $4-billion tax demand.
-
Colgate-Palmolive Receives Tax Demand Notice Of Nearly 250 Crores
Colgate-Palmolive (India) Ltd has received a tax demand notice of Rs 248.74 crore from the Income Tax Authority in a transfer pricing-related issue.
-
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.
-
Zomato Receives Over Rs 11 Crore Tax Penalty Notice
Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.
