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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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Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG
The cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of LTCG.
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Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
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G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
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Budget 2024: Centre To Look At Lowering Duties For Properties Purchased By Women
Budget 2024: The government will look at further lowering duties for properties purchased by women and making it an essential component of urban development schemes, Finance Minister Nirmala Sitharaman said on Tuesday.
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US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
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"Increase Tax": Paresh Rawal Suggests Punishment For Those Who Don't Vote
As the voting for the fifth phase of Lok Sabha elections got underway, veteran Bollywood actor Paresh Rawal exercised his democratic duty by casting his vote at a polling booth in Mumbai on Monday morning.
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India Had Its Own Inheritance Tax Till 1985. Why It Was Abolished
Indian Overseas Congress chief Sam Pitroda's remarks on the US's inheritance tax have sparked a political whirlpool here in India amid the ongoing Lok Sabha elections.
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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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Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
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India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
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Basic Duties On 8 US Products To Stay, Only Retaliatory Tax Gone: Official
The basic customs duties and other levies will continue on eight products, including apple and walnut from the US as well as other countries, a senior government official said on Friday.
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Rice Shipments Of 5 Lakh Tonnes Postponed After 20% Export Duty: Exporters
The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.
-
Centre Devolves Over Rs 3.09 Lakh Crore Sum To States Till July
Of the Rs 3.09 lakh crore net proceeds of shareable union taxes and duties distributed to the states, Central GST collection devolution stood at Rs 94,368 crore till July.
-
Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
-
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
-
Tax Body Clarifies Acquisition Cost Of Real Estate Bought Before 2001 For LTCG
The cost of acquisition of real estate properties purchased before 2001 will be the fair market value (FMV, not exceeding the stamp duty value) as of April 1, 2001, or the actual cost of the land or building for the purpose of calculation of LTCG.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
-
Budget 2024: Centre To Look At Lowering Duties For Properties Purchased By Women
Budget 2024: The government will look at further lowering duties for properties purchased by women and making it an essential component of urban development schemes, Finance Minister Nirmala Sitharaman said on Tuesday.
-
US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
-
"Increase Tax": Paresh Rawal Suggests Punishment For Those Who Don't Vote
As the voting for the fifth phase of Lok Sabha elections got underway, veteran Bollywood actor Paresh Rawal exercised his democratic duty by casting his vote at a polling booth in Mumbai on Monday morning.
-
India Had Its Own Inheritance Tax Till 1985. Why It Was Abolished
Indian Overseas Congress chief Sam Pitroda's remarks on the US's inheritance tax have sparked a political whirlpool here in India amid the ongoing Lok Sabha elections.
-
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.
-
Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
-
India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Basic Duties On 8 US Products To Stay, Only Retaliatory Tax Gone: Official
The basic customs duties and other levies will continue on eight products, including apple and walnut from the US as well as other countries, a senior government official said on Friday.
-
Rice Shipments Of 5 Lakh Tonnes Postponed After 20% Export Duty: Exporters
The Centre's move to impose a 20 per cent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around five lakh metric tonnes to after mid-October to avoid paying the tax, three leading exporters told Reuters.
-
Centre Devolves Over Rs 3.09 Lakh Crore Sum To States Till July
Of the Rs 3.09 lakh crore net proceeds of shareable union taxes and duties distributed to the states, Central GST collection devolution stood at Rs 94,368 crore till July.
-
Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
