Finance Minister T Harish Rao asks Centre to stop collecting cesses, surcharges

The State is heavily losing money due to the cesses and surcharges. 

published on : 19th January 2021

FGG writes to Governor on decade-old Rs 500 crore tax scam

The FGG says it approached the Chief Secretary to expedite the case but to no avail. 

published on : 19th January 2021

Luxury car makers seek reduction in taxes on automobiles in upcoming Budget

Any hike in taxes on luxury cars will hit demand and prevent recovery from the disruptions witnessed last year, according to senior officials of the companies.

published on : 17th January 2021

Stockbrokers seek rationalisation of tax structure for capital market in Union Budget 2021

ANMI has urged the government to incentivise and encourage equity market investments by streamlining the tax structure applicable for market transactions in the Union Budget for the financial year 2021-22.

published on : 16th January 2021

Real estate body NAREDCO seeks tax rationalisation, focus on affordable housing

NAREDCO chairman Rajeev Talwar said on Thursday that interest on housing loans should be fully allowed under Income Tax Deduction without any ceiling.

published on : 15th January 2021

Power Finance Corporation announces Rs 5,000 crore bond issue for buyers

PFC has already sold tax-free infrastructure bonds to retail investors and this will be its maiden taxable bond issue to individual buyers.

published on : 15th January 2021

City dwellers in Karnataka to pay higher property tax

Property tax is due to be hiked for Bengaluru and other corporation and municipal bodies which come under the Karnataka Muncipal Corporation (KMC) Act.

published on : 14th January 2021

US says India's Digital Services Tax discriminatory

The outgoing Trump administration has left the onus of taking any action against India under Section 301 of the US Trade Act to the incoming Biden administration.

published on : 12th January 2021

5 per cent more income tax returns filed this year

The total returns for 2019-20 are 33.35 lakh higher than the previous year as total ITRs filed stood at 5.61 crore on the last date which was August 31, 2019.

published on : 12th January 2021

After garbage tax rolled back in Chennai, residents of suburbs cry foul over double standards

Suburban residents alleged bias on the part of authorities for forcing them to pay garbage tax when it was revoked in the city

published on : 11th January 2021

Over 5.27 crore ITRs for 2019-20 filed till January 7

'More than 5.27 crore Income Tax Returns for AY 2020-21 have already been filed till 07th of January, 2021,' the Income Tax Department said in a tweet.

published on : 9th January 2021

Higher tax set offs for NPA-laden banks in the offing

NBFCs, on the other hand, get a tax set off of just 5 per cent since 2017-18, despite making out  a case for parity with banks on this issue. 

published on : 9th January 2021

DGGI detects fraudulent transactions worth Rs 498.5 crore by entities in Maharashtra

A large number of entities were found to be non-existent or non-business residential properties.

published on : 8th January 2021

Income Tax Department​ surveys Flipkart arm, Swiggy on charges of tax evasion by associated vendors

The action is related to charges of bogus ITC claims under the GST regime and related tax evasion.

published on : 8th January 2021

US suspends tariffs on French goods in digital tax dispute

The punitive levies were due to take effect Wednesday, but USTR held off citing ongoing investigations of similar measures "adopted or under consideration in 10 other jurisdictions."

published on : 8th January 2021
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