J&K Pays Second Highest Tax On Petrol In North India

For Rs 100 Petrol, People In J&K Pay Rs 45.9 As Tax Zaid Bin Shabir | Kashmir Observer Srinagar: As the country continues to witness a...

GST Mop Up Grows 11% To Rs 1.46 Lakh Cr In November

New Delhi- The collections from Goods and Services Tax (GST) grew by 11 per cent to about Rs 1.46 lakh crore in November on...

Govt Hikes Windfall Tax On Crude Oil, Export Of Diesel, ATF

NEW DELHI- The government has raised the windfall profit tax levied on domestically produced crude oil as well as on the export of diesel...

More Than 5 Cr Income Tax Returns Filed For 2022-23 Fiscal So Far

New Delhi- Over 5 crore tax returns have been filed for income earned in the 2022-23 fiscal, which ended March 31.Out of the 5.03...

Govt Waives Duty And Agri Cess On Crude Soya Bean, Sunflower Oil Imports Under...

New Delhi- The finance ministry has exempted imports of crude soya bean and sunflower oils from basic customs duty and agriculture infrastructure and development...

I-T Deptt To Come Out With Modified Valuation Norms For ‘Taxing’ Foreign Investments In...

New Delhi- The Income Tax Department is likely to come out with modified valuation rules under the I-T Act for ascertaining the fair market...

About 6 Cr ITRs Filed For FY24; 70% Under New Tax Regime

New Delhi- About 6 crore income tax returns have been filed for income earned in 2023-24, of which 70 per cent were filed under...

Centre Releases Rs 17k Crore GST Compensation To States/UTs For April – June

NEW DELHI- The central government has released Rs 17,000 crore to states towards balance GST compensation, taking the total amount released so far this fiscal to...

Centre Releases Rs 95,082 Cr To States As November Tax Devolution

New Delhi- The Centre has released two instalments of tax devolution to the states amounting to Rs 95,082 crore in November, the Finance Ministry...

India Pays Cairn Rs 7,900 Cr To Settle Retro Tax Dispute

New Delhi- The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax...