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Revenue Secretary Hasmukh Adhia. (Photo: File)

Unevenness in taxes paid by salaried class, business people: Adhia

For assessment year 2016-17, 1.89 crore salaried individuals have filed I-T returns and paid total tax of Rs 1.44 lakh...

5 Feb 2018 2:55 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Budget 2018: GST revision concerns retailers

Gold jewellery retailers said they prefer old tax of one per cent on ornaments instead of three per cent.

1 Feb 2018 10:23 AM IST

Populated PCBs account for roughly half of a typical smartphones cost.

India imposes 10 percent tax on import of key smartphone components

A customs duty of 10 per cent was imposed on PCBs that are already populated with components.

2 April 2018 7:59 PM IST

India has imposed a 10 percent tax on imports of key smartphone components.

Govt imposes 10 per cent tax on key smartphone components

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors.

2 April 2018 6:00 PM IST

San Francisco to consider tax on companies to help homeless

San Francisco to consider tax on companies to help homeless

San Francisco voters will decide whether to tax large businesses to pay for homeless and housing services struggling...

17 July 2018 1:04 PM IST

Representational image of farmers cutting and gathering the sugarcane stems while harvesting.

Govt mulls 1 per cent cess on luxury items to build farm corpus

Seeks legal view on option; proposal to levy 1 per cent sugar cess scrapped.

12 July 2018 10:02 AM IST

Oil Minister Dharmendra Pradhan today said the government is keeping a close eye on international prices.

White paper to reduce tax burden on steel sector in the offing

The white paper will focus on lessening the burden of taxes, cess and other duties on the local steel industry.

24 Dec 2019 10:52 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

GST revenue grows 6 per cent, crosses Rs 1 lakh cr in November

According to official sources, the number reflects pick up in consumption and improvement in compliance as well.

1 Dec 2019 4:56 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Income tax relief on way, threshold may be doubled

Tax exemption to medical and transport allowance may come back.

14 Jan 2019 10:22 AM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

I-T dept withdraws circular on transfer of shares for 'no or...

The Congress party had welcomed the December 31 circular of the CBDT.

5 Jan 2019 5:29 PM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

Ministerial panels on GST relief to MSMEs, levy of calamity cess to...

The decisions of the two ministerial panels would be placed before the GST Council when it meets next on January 10.

5 Jan 2019 3:21 PM IST

More than 2 billion devices worldwide are powered by Google software. (Photo: AP)

Google shifted $23 billion to tax haven Bermuda in 2017

The amount channeled through Google Netherlands Holdings BV was around 4 billion euros more than in 2016.

4 Jan 2019 9:46 AM IST