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Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Assocham for raising tax exemption limit to Rs 5 lakh in Budget

The government is scheduled to present its first full Budget on July 5, for the current financial year.

9 Jun 2019 11:19 AM IST

ASSOCHAM, cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.

Assocham demands cut in effective corp tax to 25 pc, inflation...

Assocham also demanded cut in customs duty rates on aluminium to 5 per cent from 7.5 per cent

3 Jun 2019 3:32 PM IST

Policy will cover all the aspects related to the land availability and granting permissions for the electric vehicle charging stations.

GST Council meet to decide on slashing tax rate for e-vehicles...

GST rate for petrol, diesel cars and hybrid vehicles are already at the highest bracket of 28 per cent plus cess.

26 July 2019 8:54 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Tax paying should be a pleasurable experience: CBDT chairman

Revenue collection under the direct taxes head has grown and the total tax base has also increased to over 7 crore...

24 July 2019 3:40 PM IST

Many taxpayers donate one days salary or part of their income for noble purposes but do not declare these donations in their tax returns.

Taking goods abroad for exhibitions will not have to generate tax...

Goods taken abroad in this manner are required to be either sold or brought back within a period of 6 months from the...

23 July 2019 10:35 AM 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.

18 pc GST on flat owners paying monthly maintenance of over Rs 7,500

Tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex.

23 July 2019 8:49 AM IST

Pawan Hans is a Miniratna PSU that works under Civil Aviation Ministry. (Photo: PTI)

Govt dilutes terms to attract bidders for Pawan Hans after failing to...

The successful bidder would be required to retain all permanent employees for a period of at least one year.

21 July 2019 5:50 PM IST

The official said Rs 32.54 crore in cash, out of the total seizures of Rs 152.78 crore, has been released after verification. (Representational image)

Cash withdrawal from multiple accounts to be aggregated for levying 2...

Two per cent tax will be charged if aggregate cash withdrawal from one or more accounts exceeds Rs 1 crore.

19 July 2019 9:38 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Will India's tax on the rich hit foreign investment inflows?

Investors are threatening to pull funds from India unless rules are amended so that they won't take a tax hit.

16 July 2019 9:15 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

USD 42 billion erased off Indian share markets as misgivings on tax...

Global and non-resident investors make investments in India via so-called association of persons (AOP) and non-corporate...

12 July 2019 3:40 PM IST

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

Nirmala Sitharaman says tax targets 'absolutely' achievable: report

India expects to rake in 24.6 trillion rupees (USD 358.97 billion) in gross tax revenue in 2019-20.

12 July 2019 12:07 PM IST

Finance Ministry

Govt to soon issue clarification on applicability of surcharge on...

FM Sitharaman proposed to increase surcharge from 15 pc to 25 pc on taxable income between Rs 2 cr and Rs 5 cr.

9 July 2019 8:30 AM IST