September 19, 2022 1:01 am
The Finance Ministry said the rise in tax collections can be seen as an indication of revival of economic activity post pandemic.
September 10, 2022 1:55 am
At Rs 5.29 trillion, despite a 65% jump in refunds: CBDT
September 05, 2022 8:28 am
GameKing, Dream 11, Nazara Technologies are some big players in the online gaming industry. The online gaming industry is currently contributing more than Rs 2,200 crores of GST, as per a recent study by EY and Assocham.
September 02, 2022 5:59 am
In an interview, Gupta said that out of the overall collections, about Rs 10,000 crore has been collected as securities transaction tax and going ahead, if this trend continues, tax collections may exceed Budget targets. Edited excerpts:
July 15, 2022 8:51 am
VS Krishnan writes: It can bring together senior officers from the Centre and states in an institutional forum registered under the Society Act. This forum could also provide a common point of contact for trade and industry to redress the grievances on non-policy matters
July 13, 2022 10:33 pm
The claims came after the Income Tax department had on July 6 raided 36 premises of Bengaluru-based Micro Labs Ltd. across nine states.
June 29, 2022 7:40 am
With introduction of the Section 194S in the Income Tax Act through the Finance Act 2022, a TDS of 1 per cent will be levied on transfer of VDAs effective July 1 if the value of transactions exceeds Rs 10,000 in a year.
June 23, 2022 3:51 pm
The Finance Act, 2022 introduced Section 194S in The Income Tax Act, 1961, under which a TDS of 1 per cent will be levied on the transfer of VDAs effective July 1 if the value of transactions exceeds Rs 10,000 in a year.
June 23, 2022 3:03 am
With introduction of Section 194S in the Income-tax Act through the Finance Act, 2022, a tax deducted at source (TDS) of 1 per cent will be levied on transfer of VDAs effective July 1 if the value of transactions exceeds Rs 10,000 in a year.
June 12, 2022 7:28 am
Taking note of the concerns raised for the wordings of the taxation law for virtual digital assets (VDAs), CBDT Chairperson Sangeeta Singh said they are "looking at those concerns" and the intent of the soon-to-be-released guidelines is to explain the issue further.