taxes

PAN, Aadhaar must for deposits and withdrawals exceeding Rs 20 lakh 

Currently, only deposits exceeding Rs 50,000 a day require quoting of PAN or Aadhar. Currently, there are no annual thresholds mentioned.

published on : 12th May 2022

Centre's taxes on fuel prices continue to be exorbitant: TN Finance Minster responds to PM's comments

Rajan, in a statement on Thursday, referred to the Tamil Nadu government's cut on the Value Added Tax in August 2021 resulted a relief of Rs 3 per litre soon after his party assumed office in May 2021

published on : 28th April 2022

UK finance minister Rishi Sunak cleared of ethics breach

A political storm erupted after it was leaked that Sunak's wealthy Indian wife has benefited from "non-domicile" tax status in the UK, shielding her overseas income from taxes.

published on : 27th April 2022

Former Karnataka CM Siddaramaiah seeks GST exemption on newspaper printing paper

The cost of one ton of imported printing paper was $300 or Rs 23,000 before the pandemic, and it has reached about Rs 55,000-Rs 60,000 now.

published on : 27th April 2022

NCB, CBIC unearth Rs 2.2 crore payment in cryptocurrency in 11 drug trafficking cases

The government is taking steps like conducting training for the field officers on cyber and forensic technologies and on the collection of evidence through electronic means to check such usage.

published on : 4th April 2022

PAN to become inoperative after March 2023 if not linked to Aadhaar

CBDT, which is the apex decision making body on direct taxes, has extended the deadline for linking PAN with Aadhaar many times and the last date now is March 31, 2022.

published on : 30th March 2022

Europe limited in curbing high energy prices amid protest 

The move was, however, not enough for some whose livelihoods hinged on fuel.

published on : 23rd March 2022

Furniture from BSNL office seized over non-payment of nearly Rs 16 lakh of tax

This move comes after the management failed to clear the pending taxes even after several notices.

published on : 21st March 2022

Bengaluru pizzeria owners debate added taxes for toppings

What will happen when pizza gets costlier? Restaurateurs are left confused after the recent ruling to tax pizza toppings

published on : 21st March 2022

No shortage of Central funds to AP, says Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman has assured Andhra Pradesh that there will not be any lapses in cooperation or shortage of funds from the Centre.

published on : 6th March 2022

Budget 2022: Customs duty exemptions on 350 items withdrawn to push 'Make in India'

Duty on capital goods and project imports was rationalised by phasing out concessional rates and applying a moderate tariff of 7.5 per cent.

published on : 2nd February 2022

Govt relaxes deadline for re-export of containers used for oxygen transport 

The customs department has given time till September 30 for the re-export of high-quality containers which have been imported for efficient transportation of liquid medical oxygen.

published on : 23rd January 2022

I-T department detects tax evasion worth crores after raids on Maharashtra groups 

The searches were carried out on December 22 at over 25 premises of the unidentified groups in Nandurbar, Dhule and Nashik districts of the state.

published on : 28th December 2021

Govt earned over Rs 8 lakh crore from taxes on petrol, diesel in last 3 fiscals: FM Nirmala Sitharaman

The minister was responding to queries on the hike in excise duty on petrol and diesel during last three years and the details of the revenue earned through various taxes on these fuels.

published on : 14th December 2021

All cases must be taken to logical conclusion swiftly, Nirmala Sitharaman tells DRI

She appreciated the recent smuggling attempts of huge quantities of narcotics, gold, red sanders, ivory, cigarettes unearthed by DRI.

published on : 4th December 2021
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