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Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
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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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Will Income Tax Ever Be "Almost Zero"? What Finance Minister Said
Can income tax in India ever be "almost zero"? Finance Minister Nirmala Sitharaman said Tuesday she wished that could be the case, but given economic challenges facing India, including paucity of funds for research purposes, this is not likely.
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Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
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Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
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Budget 2024: 5 Income Tax Changes Citizens, Experts Are Expecting
Finance Minister Nirmala Sitharaman will present the Budget in parliament from 11 am today, and the most anticipation is around whether the government will provide tax relief to the middle class.
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Opinion | Budget 2024: Don't Ignore The Tax-Squeezed Middle Class, Again
India's middle class expects substantial relief, not mere cosmetic changes It remains to be seen how the Finance Minister will navigate this tricky fiscal challenge.
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Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
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No Court Relief For Ramdev, He Has To Pay Service Tax On Yoga Camps
In a setback to the Patanjali Yogpeeth Trust, the Supreme Court on Friday upheld an appellate tribunal's ruling that the organisation is liable to pay service tax for charging an entry fee for organising Yoga camps
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"No Coercive Steps Over Rs 3,500 Crore Demand": Tax Relief For Congress
"Won't Take Steps To Recover Dues During Polls": Income Tax Breather For Congress
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No Tax Cuts, No Big Announcements: Budget 2024 Is BJP's Confidence Message
The lack of big ticket announcements or any tax relief in the interim budget presented by Finance Minister Nirmala Sitharaman underlined the ruling BJP's confidence ahead of the national election.
-
Tax Slab Trends In Interim Budgets: Why They Don't Change
The interim Budget this Lok Sabha election year did not make any changes in tax slabs, in keeping with convention. Finance Minister Nirmala Sitharaman only announced relief for old and disputed tax demands up to an extent.
-
#ReduceCryptoTax: India’s Web3 Community Demands Relief, Offers Ideas Ahead of Budget 2024
For the last two years, the Indian government has paid no heed to the sentiment of the Web3 community, that has been urging for a revision on crypto-related tax laws. Ahead of the upcoming budget announcement for the year 2024-2025, the Web3 community of India have hit social networking platforms with the hashtag -- ‘#ReduceCryptoTax’.
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Relief For Individuals With Income Marginally Over Rs 7 Lakh
In a relief to taxpayers opting for new tax regime, individuals earning marginally higher income than no-tax ceiling of Rs 7 lakh will pay tax only on the differential income after the government amended the Finance Bill.
-
Anil Ambani Gets Interim Relief From High Court In Tax Evasion Case
The Income Tax Department has issued him a show-cause notice for alleged tax evasion of Rs 420 crore.
-
Big Relief For Ajit Pawar, Tax Department Clears Assets Seized In Benami Case
In a big relief to Maharashtra Deputy Chief Minister Ajit Pawar, the Income Tax department has cleared properties worth over Rs 1,000 crore seized in 2021.
-
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.
-
Will Income Tax Ever Be "Almost Zero"? What Finance Minister Said
Can income tax in India ever be "almost zero"? Finance Minister Nirmala Sitharaman said Tuesday she wished that could be the case, but given economic challenges facing India, including paucity of funds for research purposes, this is not likely.
-
Relief For Homeowners As Centre Modifies Long Term Capital Gains Tax
The government on Tuesday proposed a relief to taxpayers with respect to capital gain tax on real estate properties by giving them the option to choose between 20 per cent and 12.5 per cent tax rates.
-
Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
-
Budget 2024: 5 Income Tax Changes Citizens, Experts Are Expecting
Finance Minister Nirmala Sitharaman will present the Budget in parliament from 11 am today, and the most anticipation is around whether the government will provide tax relief to the middle class.
-
Opinion | Budget 2024: Don't Ignore The Tax-Squeezed Middle Class, Again
India's middle class expects substantial relief, not mere cosmetic changes It remains to be seen how the Finance Minister will navigate this tricky fiscal challenge.
-
Investors Expect Crypto Tax Could Continue as Nirmala Sitharaman Returns as Finance Minister
The Indian crypto circle has been waiting for FM Sitharaman to revise the tax laws imposed over the crypto sector. Despite the outcry, the finance minister did not announce any taxation relief for the crypto sector while presenting the interim annual budget earlier this year. Her re-appointment to the finance minister’s position has sparked conce...
-
No Court Relief For Ramdev, He Has To Pay Service Tax On Yoga Camps
In a setback to the Patanjali Yogpeeth Trust, the Supreme Court on Friday upheld an appellate tribunal's ruling that the organisation is liable to pay service tax for charging an entry fee for organising Yoga camps
-
"No Coercive Steps Over Rs 3,500 Crore Demand": Tax Relief For Congress
"Won't Take Steps To Recover Dues During Polls": Income Tax Breather For Congress
-
No Tax Cuts, No Big Announcements: Budget 2024 Is BJP's Confidence Message
The lack of big ticket announcements or any tax relief in the interim budget presented by Finance Minister Nirmala Sitharaman underlined the ruling BJP's confidence ahead of the national election.
-
Tax Slab Trends In Interim Budgets: Why They Don't Change
The interim Budget this Lok Sabha election year did not make any changes in tax slabs, in keeping with convention. Finance Minister Nirmala Sitharaman only announced relief for old and disputed tax demands up to an extent.
-
#ReduceCryptoTax: India’s Web3 Community Demands Relief, Offers Ideas Ahead of Budget 2024
For the last two years, the Indian government has paid no heed to the sentiment of the Web3 community, that has been urging for a revision on crypto-related tax laws. Ahead of the upcoming budget announcement for the year 2024-2025, the Web3 community of India have hit social networking platforms with the hashtag -- ‘#ReduceCryptoTax’.
-
Relief For Individuals With Income Marginally Over Rs 7 Lakh
In a relief to taxpayers opting for new tax regime, individuals earning marginally higher income than no-tax ceiling of Rs 7 lakh will pay tax only on the differential income after the government amended the Finance Bill.
-
Anil Ambani Gets Interim Relief From High Court In Tax Evasion Case
The Income Tax Department has issued him a show-cause notice for alleged tax evasion of Rs 420 crore.
