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Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
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ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
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JSW Says MG Motor Joint Venture Aims to Sell 1 Million EVs in India by 2030
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said.
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R Madhavan "Totally Impressed" As Firm Gets Income Tax Return In 3 Weeks
"The speed and promptness is simply unheard of," the actor said in his post on social media.
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Restaurant Bodies Fined Rs 2 Lakh For Challenging Service Tax Ban
Delhi High Court has imposed total costs of Rs 2 lakh on two restaurant bodies for failing to comply with an order passed in relation to their challenge to the guidelines prohibiting hotels and restaurants from automatically levying service charge.
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US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
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US President Joe Biden Calls Proposal to Reduce Crypto Tax ‘Unacceptable’ Amid Debt Pressure: Report
US President Joe Biden has outrightly denied even mulling over the proposal for the US to reconsider the tax it has levied on crypto activities. The US levies 10 percent to 37 percent tax on short-term capital gains and crypto income whereas long term capital gains are taxed between zero percent to 20 percent.
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US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details
The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.
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Taxes on Crypto Mining Power Use to Spike Next Year in US, Plan Outlined
The US government has proposed to raise the taxes on the electricity requirement for miners. The tax imposed on the electricity usage by crypto mining firms could now go as high as 30 percent of total cost of the electricity that was used to facilitate the mining process in the US.
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India's Fiscal Deficit For April-December Reaches 60% Of Full-Year Target
Net tax receipts rose to 15.56 trillion rupees while total expenditure was 28.18 trillion rupees, government data showed.
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People Behind Leak Pak Army Chief's Tax Records Identified: Report
Assuring a "logical conclusion" for the report related to the leak of Army chief General Qamar Javed Bajwa's income tax records, Finance Minister Ishaq Dar shared that people behind the leak have been identified.
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Centre Releases Tax Devolution Worth Rs 1.16 Lakh Crore To States
The government on Thursday released two instalments of tax devolution to states totalling over Rs 1.16 lakh crore to help accelerate their capital expenditure.
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Samsung India's Revenue Up 10 Percent in FY22, Highest in Last 5 Years: Tofler
Samsung India Electronics' profit after tax for FY22 fell 4.86 percent to Rs. 3,844.40 crore, while its revenue from operations went up 8.65 percent to Rs. 82,451.60 crore, said data accessed by business intelligence platform Tofler. The electronic major had reported a PAT (profit after tax) of Rs. 4,040.80 crore and its revenue from operations wa...
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You Can Be Taxed On Certain Diwali Gifts Received, Check Details
If the total value of the gifts received in a financial year exceeds Rs 50,000 it will attract tax.
-
ITR Filing: What You Should Know About Tax On Gifts And Exemptions
The total aggregate value of gifts exceeding Rs 50,000 in a financial year will attract tax.
-
Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
-
ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
-
JSW Says MG Motor Joint Venture Aims to Sell 1 Million EVs in India by 2030
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said.
-
R Madhavan "Totally Impressed" As Firm Gets Income Tax Return In 3 Weeks
"The speed and promptness is simply unheard of," the actor said in his post on social media.
-
Restaurant Bodies Fined Rs 2 Lakh For Challenging Service Tax Ban
Delhi High Court has imposed total costs of Rs 2 lakh on two restaurant bodies for failing to comply with an order passed in relation to their challenge to the guidelines prohibiting hotels and restaurants from automatically levying service charge.
-
US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
-
US President Joe Biden Calls Proposal to Reduce Crypto Tax ‘Unacceptable’ Amid Debt Pressure: Report
US President Joe Biden has outrightly denied even mulling over the proposal for the US to reconsider the tax it has levied on crypto activities. The US levies 10 percent to 37 percent tax on short-term capital gains and crypto income whereas long term capital gains are taxed between zero percent to 20 percent.
-
US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details
The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.
-
Taxes on Crypto Mining Power Use to Spike Next Year in US, Plan Outlined
The US government has proposed to raise the taxes on the electricity requirement for miners. The tax imposed on the electricity usage by crypto mining firms could now go as high as 30 percent of total cost of the electricity that was used to facilitate the mining process in the US.
-
India's Fiscal Deficit For April-December Reaches 60% Of Full-Year Target
Net tax receipts rose to 15.56 trillion rupees while total expenditure was 28.18 trillion rupees, government data showed.
-
People Behind Leak Pak Army Chief's Tax Records Identified: Report
Assuring a "logical conclusion" for the report related to the leak of Army chief General Qamar Javed Bajwa's income tax records, Finance Minister Ishaq Dar shared that people behind the leak have been identified.
-
Centre Releases Tax Devolution Worth Rs 1.16 Lakh Crore To States
The government on Thursday released two instalments of tax devolution to states totalling over Rs 1.16 lakh crore to help accelerate their capital expenditure.
-
Samsung India's Revenue Up 10 Percent in FY22, Highest in Last 5 Years: Tofler
Samsung India Electronics' profit after tax for FY22 fell 4.86 percent to Rs. 3,844.40 crore, while its revenue from operations went up 8.65 percent to Rs. 82,451.60 crore, said data accessed by business intelligence platform Tofler. The electronic major had reported a PAT (profit after tax) of Rs. 4,040.80 crore and its revenue from operations wa...
-
You Can Be Taxed On Certain Diwali Gifts Received, Check Details
If the total value of the gifts received in a financial year exceeds Rs 50,000 it will attract tax.
-
ITR Filing: What You Should Know About Tax On Gifts And Exemptions
The total aggregate value of gifts exceeding Rs 50,000 in a financial year will attract tax.
