Tax

Delhi man held on charge of forging Rs 392-cr input tax credit

Foreign remittance above Rs 7L to attract 5% tax from Oct 1

New Delhi:  Tax collection at source (TCS) on foreign remittances will only be applicable on the amount in excess of Rs 7 lakh in a financial year and not on […]

Faceless assessment of Customs to roll out countrywide from Oct 31

New Delhi:  The Central Board of Excise and Customs (CBIC) has decided to roll out the faceless assessment at an all India level in all ports of import and for […]
Delhi man held on charge of forging Rs 392-cr input tax credit

GST Council gives more time to taxpayers to revive cancelled registration

New Delhi:  As a step towards trade facilitation in this difficult times of Covid-19 pandemic, the GST Council on Friday decided to give more time to the taxpayers to file […]
Delhi man held on charge of forging Rs 392-cr input tax credit

No more arbitrary revaluation of imported goods by Customs

New Delhi:  The Customs, Excises, Service Taxes Appellate Tribunal (CESTAT) has put a stop to the practise of arbitarary reassessment and enhancement of valuation of imported goods without thorough investigation […]

Rahul Gandhi demands withdrawal of tax on petrol, diesel

New Delhi: Congress leader Rahul Gandhi has demanded withdrawal of taxes on petrol and diesel, a day after the Centre hiked taxes. Rahul Gandhi tweeted “the people are suffering economically due […]
TDS relief for those with rental or interest income, not for salaried or NRI taxpayers

MFs to deduct TDS at 10% only on dividend income: CBDT

New Delhi: The new Budget proposal of taxing income distributed by asset managers to unit holders if such transfers are more than Rs 5,000 in a financial year may not make […]

NRIs not taxed in any country will pay tax in India

New Delhi, There is a killer provision pertaining to non-resident Indians in the Union Budget for 2020-21 which states that an NRI who is not taxed in a foreign country […]

Markets expect relaxation on long-term capital gains tax

Mumbai, Similar to expectations ahead of the Union Budget, Dalal Street has its eyes on a possible relaxation in taxes such as long-term capital gains tax (LTCG) and Dividend distribution […]