A 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.
The recipients were selected as per the waiting list and the organs were transplanted.
As per a top Finance Ministry official, this time the banks have not flagged any concern regarding the implementation of higher TCS.
He stated that the tax demands are in accordance with legal provisions.
India's move to tax online gaming is part of broader efforts to bring various sectors under the GST framework and streamline tax collections.
The State Transport Authority (STA) reportedly held meetings five to six times with the bike aggregators and asked them to apply for the licences.
Angel tax is imposed when an unlisted firm issues shares to an investor at a price higher than its fair market value (FMV).
This is a taxpayer friendly measure where an opportunity is being provided in line with principles of natural justice, claimed the finance ministry.
An I-T Department source said search operations were underway in multiple cities, including Kolkata, at premises linked to the company.
The police are studying the construction site for any potential safety violations or negligence that may have led to the fatal incident.
The 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 .
Searches 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.
Rivaan is the son of noted bike racer Preetham Dev Moses, a seven-time national champion for TVS racing.
The recency bias has led the market to extrapolate current noise in corporate taxes for the full year.
The government expects these tax adjustments to have a positive impact on the nation's fiscal health and its position in the global fuel market.
Setting up of state-level benches of GSTAT would help businesses by way of faster dispute resolution.
During 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.
In 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 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%.
He 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.