Page 31 - Tax

We hope to mop up Rs 1.3 trn GST in current fiscal year: CBIC's Vivek Johri

System 'revolutionised' to plug chances of leakage, he tells 'Business Standard' in interview

ITR filing for AY 2022-23 now available on e-filing portal, says I-T Dept

'Check your Form 26AS, AIS and other relevant documents before submission. Be an early filer,' says I-T Dept

Historic global corporate tax deal nears as G-7 seeks agreement on tech

Finance ministers of the bloc close in on a deal to jointly support a minimum corporate tax rate of at least 15%.

Do not see govt slapping windfall tax amid soaring energy prices: ONGC

ONGC reported bumper profits in Q4 (when international prices soared to a near 14-year high of $139 per barrel) and record earnings in 2021-22, triggering talks of the govt slapping a windfall tax

UK imposes 25% energy windfall tax to help households as bills surge

It is the second emergency policy intervention to help with rising bills this year

Centre tax cut on fuel only 'partial', don't expect same from states: TN FM

The Tamil Nadu government on Sunday described the Centre reducing taxes on petroleum products as 'partial' and said "it is neither fair nor reasonable to expect States to reduce their taxes."

Federal tax probe into President Biden's son, Hunter, moves forward

A federal grand jury has heard testimony in recent months about Hunter Biden's income and payments he received while serving on the board of a Ukraine energy company

Not filed ITR yet? Face penalty or even jail term

The deadline for filing ITR for 2020-21 was revised from December 31, 2021 to March 31, 2022. If a taxpayer fails to file ITR beyond this, they may even have to face jail for the violation. Watch the video to learn more

Govt orders temporary stay on NA tax recovery from housing societies

The Maharashtra government ordered a temporary stay on the recovery of non-agricultural (NA) tax by the state revenue department from housing societies in Mumbai's suburbs.

Assam FM presents deficit Budget, proposes green tax for old vehicles

Assam Finance Minister Ajanta Neog on Wednesday presented a Rs 2,83,494.64 crore tax-free Budget for FY 2022-23, in which he proposed to levy green tax on the use of old vehicles.

It's time to deduct TDS if rent exceeds Rs 50,000, say analysts

Applicable rate is 30% for non-resident landlords, 5% for rest

Union Bank of India looks to move to a new tax regime in FY23

Rajkiran Rai G, managing director (MD) & chief executive officer (CEO), Union Bank, sa­id the net profit is increasing as DTA is coming down every quarter.

Introduce another slab to tax the super-rich, says C Rangarajan

In a Q&A with ex-governor of RBI and Former chairman of Prime Minister's Economic Advisory Council C Rangarajan says that the Budget 2022-23 has erred on revenue projections on the lower side

2% wealth tax on super rich likely to fetch nearly Rs 1.1 trillion

Many economists doubt the feasibility and desirability of wealth tax in the current economic environment

United Arab Emirates to impose federal corporate tax for the first time

The UAE home to Abu Dhabi, Dubai and five other emirates has been steadily introducing new taxes as it seeks to diversify revenue from its mainstay of oil

Blue Dart Express' profit after tax jumps 29.5% to Rs 123.4 cr in Dec qtr

The company had posted a consolidated PAT of Rs 95.30 crore in the corresponding quarter last year

Finance ministry doubles January tax devolution to state governments

Front-loading of fund transfer to help states manage Covid, undertake capex

New tax regime disincentivises charity donations, says study

Ashoka University-CBGA study recommends restoration of inheritance and wealth taxes

GST officers arrest individual for issuing fake invoices worth Rs 4,521 cr

The mastermind behind the whole racket was arrested on January 13

NDMC council rejects proposal to raise tax burden on residents

The North Delhi Municipal Corporation also decided not to approve the Commissioner's proposal to reduce rebate on property taxes by 5 per cent