Affordable housing and the introduction of the real-estate regulator were the biggest moves. But a lacklustre approach towards the rental housing market was arguably a big miss.
The penalties have been imposed for the tax period between April 2016 to March 2017 and April 2017 to March 2018
The number of people declaring Rs 10 lakh-plus annual income has grown nearly fourfold in the past 10 years. While inflation could explain part of this rise in income levels, and a part by more toning of the tax administration nudging people towards more income disclosures, a substantial part of this 93.7 million taxpayer base is a reasonable proxy of growing formalisation, rising incomes, and better affordability that have turned yesterday’s luxuries into today’s necessities
Crypto gifts received will be taxed as ‘income from other sources’ at regular slab rates if the total value of gifts is more than Rs 50,000.
Planning to buy gold this festive season, but confused about the taxes? If you’re looking forward to buying, investing, exchanging, or selling gold, this video will tell you all about it. In this video, we explain taxes on gold, short & long-term capital gains, and how tax on gold varies from purchase to purchase. Watch!
Lakhs of notices have been sent to companies and individuals. Has the GST reform gone awry? What can you do if you have received a notice? And how soon can you expect relief. Shweta Punj chats with experts who decode for you #gst #notice #tax
Income-tax rules mandate that you disclose all your assets and income, especially if they are held outside India. Employees of multinational companies such as Amazon, Google, Microsoft etc. must be diligent in filing their tax returns
CoinDCX, like other Indian digital-asset exchanges, is seeking to diversify revenue streams by looking abroad or expanding into different projects.
With effect from October 1, 2023, the new TCS regulations apply to your international spending such as overseas tour packages, forex, remittances, and so on. Whether you're a business owner, a frequent international traveller, or simply curious about how the TCS would be levied, this video is a must-watch.
An enhanced limit for priority sector lending to incentivise banks to increase lending in the green financing segment and tax incentives for investment in green bonds are some concrete steps needed to reduce the emission intensity of the transport sector
But better targeting of the $12 trillion in wealth held offshore is essential to reconciling globalization with political legitimacy
While the proportion of diesel vehicles is expected to come down in the long term, auto analysts do not foresee a complete wipeout of this powertrain. JATO Dynamics predicts the share of diesels will come down to 15 percent by 2024-end, and dwindle further to 7.5 percent by 2030-end
The onus of adhering to the international spending limit of Rs 7 lakh per annum per person, post which 20 percent TCS will kick in, rests with the customer purchasing the foreign exchange, say forex dealers
The enhanced tax collection at source (TCS) of 20 per cent on foreign investments, foreign tours, etc blocks your funds, and adjusting the same against taxes payable can be a challenge, unless you do it the right way.
Raid exposes tax evasion by biryani vendors in Bengaluru rural district
The Karnataka government is considering to implement ‘congestion tax’ on drivers in Bengaluru entering via nine routes during peak hours. The proposed tax is aimed at reducing the worsening traffic on the roads of Bengaluru. The fee is intended to discourage people from using their private vehicles and opting for public modes of transport. If imposed, it can be collected like traffic challans from vehicle owners. Watch to know what exactly does ‘congestion tax’ mean!
Risk-averse investors and those in lower tax brackets can look at tax-saving fixed deposits.
Maruti Suzuki India announced on Friday that it has received a show cause notice from the GST Authority. The notice proposes to demand interest, impose penalties, and appropriate tax already paid, totaling Rs 139.3 crore.
If such data were to become available, markets could more effectively reward or punish governments at the Centre and states for their borrowing behaviours
Dream11 and Indian tax authorities are in a dispute over what tax rates should be paid by such gaming platforms, which have become hugely popular for fantasy cricket games they offer.
Use these forms to eliminate avoidable TDS on income from interest, commission, rent and so on. Although there is no specific deadline for submitting these forms, it is best to do so in advance, preferably in April or May
With Angel Tax and Section 68 tax notices becoming a headache for startups and investors, here are extracts of a playbook that attempts to give a better understanding of the issue
Indian multinationals such as Infosys and Wipro are known for granting ESOPs (employee stock ownership plans) to their employees. If you work at any of their overseas offices, the taxation of your ESOPs will depend on the tax rules of India, the country where these companies are based, and of the country where you reside.
With some taxpayers taking to social media about receiving intimation from the I-T department regarding past unsettled tax demands, the department in a post on 'X' said, this is a taxpayer-friendly measure where an opportunity is being provided to assessees in line with "principles of natural justice".
Find out about home loan tax benefits in 2023-24. Discover Section 80C, Section 24b, Section 80EE, and Section 80EEA deductions. Maximize your tax savings with expert guidance.