 | Finance Minister T Harish Rao asks Centre to stop collecting cesses, surchargesThe State is heavily losing money due to the cesses and surcharges. |
 | FGG writes to Governor on decade-old Rs 500 crore tax scamThe FGG says it approached the Chief Secretary to expedite the case but to no avail. |
 | Luxury car makers seek reduction in taxes on automobiles in upcoming BudgetAny 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. |
 | Stockbrokers seek rationalisation of tax structure for capital market in Union Budget 2021ANMI 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. |
 | Real estate body NAREDCO seeks tax rationalisation, focus on affordable housingNAREDCO chairman Rajeev Talwar said on Thursday that interest on housing loans should be fully allowed under Income Tax Deduction without any ceiling. |
 | Power Finance Corporation announces Rs 5,000 crore bond issue for buyersPFC has already sold tax-free infrastructure bonds to retail investors and this will be its maiden taxable bond issue to individual buyers. |
 | City dwellers in Karnataka to pay higher property taxProperty tax is due to be hiked for Bengaluru and other corporation and municipal bodies which come under the Karnataka Muncipal Corporation (KMC) Act. |
 | US says India's Digital Services Tax discriminatoryThe 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. |
 | 5 per cent more income tax returns filed this yearThe 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. |
 | After garbage tax rolled back in Chennai, residents of suburbs cry foul over double standardsSuburban residents alleged bias on the part of authorities for forcing them to pay garbage tax when it was revoked in the city |
| 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. |
| Higher tax set offs for NPA-laden banks in the offingNBFCs, 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. |
 | DGGI detects fraudulent transactions worth Rs 498.5 crore by entities in MaharashtraA large number of entities were found to be non-existent or non-business residential properties. |
 | Income Tax Department surveys Flipkart arm, Swiggy on charges of tax evasion by associated vendorsThe action is related to charges of bogus ITC claims under the GST regime and related tax evasion. |
 | US suspends tariffs on French goods in digital tax disputeThe 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." |
