The State is heavily losing money due to the cesses and surcharges.
The FGG says it approached the Chief Secretary to expedite the case but to no avail.
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.
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.
NAREDCO chairman Rajeev Talwar said on Thursday that interest on housing loans should be fully allowed under Income Tax Deduction without any ceiling.
PFC has already sold tax-free infrastructure bonds to retail investors and this will be its maiden taxable bond issue to individual buyers.
Property tax is due to be hiked for Bengaluru and other corporation and municipal bodies which come under the Karnataka Muncipal Corporation (KMC) Act.
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.
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.
Suburban residents alleged bias on the part of authorities for forcing them to pay garbage tax when it was revoked in the city
'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.
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.
A large number of entities were found to be non-existent or non-business residential properties.
The action is related to charges of bogus ITC claims under the GST regime and related tax evasion.
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."