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Friday, Dec 09, 2022

tax

TAX NEWS

GST's half-a-decade journey: Tech usage to plug revenue leaks, Rs 1.3 lakh cr monthly tax 'new normal'

June 30, 2022 2:41 pm

On July 1, 2017, at midnight, a countrywide Goods and Services Tax (GST) was implemented, replacing 13 cessers and 17 local levies including VAT, service tax, and excise duty.

P2P crypto deals: Tax deduction onus on buyer

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.

Telangana govt’s property tax arrears to Hyderabad corporation balloon to over Rs 5,500 cr

May 16, 2022 6:43 pm

According to an RTI response, state departments owe the Greater Hyderabad Municipal Corporation Rs 5,258.40 crore, whereas state government undertakings owe it Rs 306.28 crore.

‘Bengaluru corporation should further reduce dependence on state grants’

April 22, 2022 9:37 am

A report by the non-profit organisation Janaagraha highlights the civic body’s high dependence on state grants and says such funding is discretionary and may not be sustainable.

No polls in sight, Stalin takes gamble of hike in property tax

April 05, 2022 4:34 pm

Opp holds protests as DMK govt cites high inflation, dip in civic bodies’ revenues

Biden to propose new 'billionaires tax' — reports

March 27, 2022 10:31 pm

Under the so-called "Billionaire Minimum Income Tax" proposal, households worth more than $100 million would reportedly pay at least 20% tax on their total income. About 700 US households fall under this tax bracket.

The peanut butter secret, A lavish tax dodge for the ultrawealthy

December 29, 2021 10:02 am

The idea for this tax break came from the venture capital and biotech industries in the early 1990s. Venture capital firms were raking in huge profits from early investments in highflying startups like Gilead Sciences and MedImmune.

A global tax deal is at hand. Here’s how it would work

October 30, 2021 5:35 pm

The agreement is the result of years of sputtering international negotiations that gathered pace this year when the Biden administration took office.

Elimination of tax havens is a human rights issue

October 19, 2021 7:23 am

Upendra Baxi writes: The pursuit of human rights and justice cannot merely be matters of state and polity. It affects all citizens of the world. Even hard-nosed economic theorists and CEOs must now accept the sentiment

G7 nations near historic deal on taxing multinationals

June 05, 2021 7:45 pm

Britain's finance ministry said Saturday morning's talks between the G7 finance ministers had been "productive". Ministers are meeting face-to-face for the first time since the start of the Covid-19 pandemic.

TAX VIDEOS

Budget 2019 could give tax breaks for home buyers, rented properties

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains what can be expected in the upcoming Vote on Account to make it a populist one.

Budget 2019 could raise basic tax exemption limit to Rs 3 lakh

June 22, 2020 6:04 pm

Poorva Prakash, Senior Director, Deloitte India, explains that as a trend Finance Ministers don't make any major personal tax changes in a Vote on Account. However, she expects the Finance Minister to lay a roadmap for tax sops in this.

Opinion | Is GST Good For India?

June 22, 2020 7:02 pm

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