Jul 07, 2022 12:46 PM ISTIndia is on the right track on GST, Johri said, adding that business processes and IT systems have stabilized and so have the revenue collections
Jul 05, 2022 05:35 PM IST Bitcoin, considered the safest cryptocurrency, has plunged over 71 percent from its all-time high to $19,895.75 as of 1400 IST on Tuesday.
Jul 05, 2022 11:40 AM IST Many new expenses are being reported and mismatches can be a hassle. Updated returns can be filed within 24 months of the end of an assessment year
Jul 02, 2022 06:16 PM IST Key ways the ultrawealthy avoid taxes; strategies that are largely unavailable to most taxpayers.
Jul 01, 2022 07:43 PM IST In a separate notification issued on June 30, CBDT also clarified that gift cards, vouchers, mileage points, reward points, and loyalty cards are not virtual digital assets (VDAs) and will not be taxed.
Jul 01, 2022 01:30 PM IST "Rs 1.40 lakh crore seems to be the rough bottom line. We're not going below that," Nirmala Sitharaman said.
Jul 01, 2022 12:18 PM IST Crypto exchanges were strapped for time in meeting the responsibility placed on them of managing the logistics of TDS.
Jul 01, 2022 08:04 AM IST Cryptocurrency transfers, freebies to social media influencers, I-T returns, mutual fund investments… there’s a lot happening in July. Here are the operational and regulatory changes you need to watch out for.
Jun 30, 2022 09:58 AM IST TDS need to be withheld from July 1 on crypto transactions above Rs 10,000 annually and the same need to be deposited with the I-T department within the stipulated time frame.
Jun 29, 2022 05:05 PM IST The GST Council has over the years reduced several tax rates, resulting in an average rate of about 11.5 percent against the so-called revenue-neutral rate of 15 percent
Jun 27, 2022 10:45 AM IST Often, companies remunerate social media influencers in kind. Such gifts or perks will be taxed from next month. However, if an influencer returns a gift, there will be no tax on the item
Jun 27, 2022 09:52 AM IST TDS of 1 per cent on transfer of cryptocurrencies is set to come into force from July 1. The responsibility of withholding this tax will be on the buyer, crypto exchanges and brokers, depending on the type of transaction, CBDT has clarified.
Jun 27, 2022 09:37 AM IST The three-tax structure of GST -- integrated, central and state -- with a requirement to register and pay each in every state of operation has made GST complex, more so for mid-sized and small businesses.
Jun 26, 2022 12:36 PM IST The Council is also recommending 28% GST on casinos, race courses, online gaming and lottery which is also being discussed
Jun 20, 2022 06:35 AM IST U.S. Treasury Secretary Janet Yellen said some tariffs on China inherited from the administration of former President Donald Trump served "no strategic purpose" and added that Biden was considering removing them as a way to bring down inflation.
Jun 17, 2022 09:15 AM IST Tax planning for individuals may get a boost as the government prepares to share the income and tax liability data of individuals with tax and investment planning portals on a real-time basis. But first, there might be a privacy hurdle to cross.
Jun 16, 2022 04:42 PM IST The meeting comes days ahead of the five-year anniversary of launch of the indirect tax regime. The GST was launched in July 1, 2017 after decades-long delay.
Jun 16, 2022 11:28 AM IST On June 14, the government released its annual cost inflation index number. For those who wish to save on long-term capital gains tax levied on debt mutual funds, property and other assets, the index is important.
Jun 14, 2022 04:09 PM IST The advance tax has to be paid in four instalments over the course of the financial year. Any delay will lead to penal interest being levied.
Jun 13, 2022 10:10 AM IST You can save tax on long-term capital gains arising from transfer of property by reinvesting the gains in Capital Gains Bonds, as also by reinvesting in another residential property. What makes sense?
Jun 07, 2022 02:27 PM IST After many users complained of issues while accessing the I-T portal and reported that it was hacked on Tuesday, which also happens to be the first launch anniversary of the portal, the department said Infosys is resolving the issue on priority.
May 31, 2022 09:43 AM IST Changes introduced in the Income Tax Act require the deductor to withhold tax deducted at source (TDS) at a higher rates on payments made to certain “specified persons”
May 27, 2022 03:42 PM IST AIPDA, which represents 22 state fuel dealers associations in India, met petroleum ministry officials, who assured them that their demand will be fast-tracked and that the centre will set up a meeting between fuel dealers and oil marketing companies.
May 26, 2022 08:32 PM IST In an instruction, the GST investigation office also asked chief commissioners to take "strict disciplinary action" against officers for using force or coercion for getting the tax due amount deposited during search or inspection or investigation.
May 26, 2022 01:57 PM IST The industry expects steel prices to soften only over the next few quarters, which may subsequently reflect in the cost of projects.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
