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...
Tax Demand Case: Flipkart Gets Relief Till Feb 24
Bengaluru- The Income Tax department has assured the High Court of Karnataka that no coercive action will be taken against Flipkart India Private Limited...
I-T Dept Spends 57 Paise For Every Rs 100 Of Tax Collection: Official
Hyderabad- Income-tax collection cost that the I-T Department incurs in the country is one of the lowest in the world at Rs 0.57 for...
GST Collection At Rs 1.55 Lakh Cr In Jan, Second Highest-Ever
New Delhi- The GST collection in January surged to over Rs 1.55 lakh crore, the second highest-ever mop-up, the finance ministry said on Tuesday."The...
Capital Gains Tax Should Be Rationalised; Need Simpler ITR Form For Disclosing Such Income:...
New Delhi- The Budget should bring in a simpler income tax return form for assessees having only capital gains or dividend or interest income,...
Increase Tax Rebate Benefits For Consumption Expenditure In Budget: PHDCCI
New Delhi- Industry body PHDCCI on Tuesday sought increase in the tax rebate benefits for consumption expenditure, reduction in the cost of doing business...
Direct Tax Collection Grows 24.58% To Rs 14.71 Lakh Crore Till Jan 10
New Delhi- The country’s gross direct tax collection rose 24.58 per cent to Rs 14.71 lakh crore till January 10 this fiscal, buoyed by an...
Allow Deductions, Hike Threshold For Levying Peak 30% Tax: Experts
NEW DELHI- Investments in PPF and other tax savings schemes should be allowed as deductions, and the threshold for 30 per cent tax should...
Optional Tax Regime Aims To Provide Relief To Low-Income Bracket People: FM
New Delhi- Finance Minister Nirmala Sitharaman on Friday said the optional income tax regime with seven tax slabs was brought in by the government...
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...