 | Fiscal deficit in Apr-Aug at 36 per cent of FY24 targetA year-on-year drop in the amount of tax devolution to the states in August also helped contain the monthly increment in the fiscal deficit to a low Rs 37,200 crore. |
 | Bengaluru taxi driver’s organs give new lease of life to fiveThe recipients were selected as per the waiting list and the organs were transplanted. |
 | ‘Banks ready to implement 20% TCS on foreign tour packages from Oct 1’As per a top Finance Ministry official, this time the banks have not flagged any concern regarding the implementation of higher TCS. |
 | ‘Tax notice to e-gaming firms for GST evasion’He stated that the tax demands are in accordance with legal provisions. |
 | India set to implement 28 per cent GST rate on online gaming from October 1India's move to tax online gaming is part of broader efforts to bring various sectors under the GST framework and streamline tax collections. |
 | Bhubaneswar Police to summon bike aggregators over non-compliance with MV rulesThe State Transport Authority (STA) reportedly held meetings five to six times with the bike aggregators and asked them to apply for the licences. |
 | Government tweaks angel tax valuation rules to address investors concernAngel tax is imposed when an unlisted firm issues shares to an investor at a price higher than its fair market value (FMV). |
 | Tax refund delay due to previous demands: Income Tax departmentThis is a taxpayer friendly measure where an opportunity is being provided in line with principles of natural justice, claimed the finance ministry. |
 | I-T dept raids Lux Industries in Rs 200 crore tax evasion caseAn I-T Department source said search operations were underway in multiple cities, including Kolkata, at premises linked to the company. |
 | Mystery shrouds death of Rapido driver in HyderabadThe police are studying the construction site for any potential safety violations or negligence that may have led to the fatal incident. |
 | Reassessment of I-T returns must be faceless: Telangana HCThe court also made it clear that both the notices for reassessment and the subsequent proceedings must strictly adhere to the amended provision of the Income Tax Act . |
 | Income Tax searches on residences of Tangedco contractors, suppliersSearches were conducted at Thoraipakkam, Ennore, Ponneri, and various other locations. The premises of a close aide of Tamil Nadu Minister Senthil Balaji were also searched. |
 | A new wunderkind on the motorsports trackRivaan is the son of noted bike racer Preetham Dev Moses, a seven-time national champion for TVS racing. |
 | Making sense of signs of incipient fiscal stressThe recency bias has led the market to extrapolate current noise in corporate taxes for the full year. |
 | Govt hikes windfall tax on domestic crude, reduces levy on export of dieselThe government expects these tax adjustments to have a positive impact on the nation's fiscal health and its position in the global fuel market. |
 | Finance Ministry? notifies 31 state benches of GST appellate tribunalSetting up of state-level benches of GSTAT would help businesses by way of faster dispute resolution. |
 | Cognizant to pay DDT, says tribunalDuring the assessment year 2017-18, Cognizant bought 94,00,534 equity shares from its shareholders in the US and Mauritius at Rs 20,297 per share, totalling Rs 19,080 crore. |
 | CAG calls out Kerala's tardy revenue collection, arrears exceed Rs 28,000 croreIn terms of revenue growth, the state’s own tax revenue experienced a significant growth of 22.41 per cent in 2021-22, rising from Rs 47,660.84 crore in the previous year to Rs 58,340.52 crore. |
 | CM Siddaramaiah warns of strict action against tax evasion in KarnatakaCM says if more taxes are collected, more development works can be implemented. According to the CM, the state’s share in the total tax collection of the country is 9.4%. |
 | Kerala third in own tax revenue growth: Finance Minister K N BalagopalHe said that the reduction in tax devolution, the end of GST compensation and the slashing of borrowing limit are the reasons for the present crisis and blamed the central government for it. |
