FAITH urges government to withdraw TCS hike imposed on overseas tour packagesFAITH, the industry body, added that the step of raising the TCS has greatly undermined the business prospects of Indian tour operators who...
04 Apr, 2023, 03.06 PM IST
How will the amendment in the finance bill 2023 affect debt mutual funds?In addition to debt mutual fund schemes, there are several other categories that are treated as debt for taxation, which will lose indexati...
29 Mar, 2023, 09.20 AM IST
TDS on all winnings from online gaming to come into effect from April 1: Budget 2023The government has revised the effective date from which TDS on winnings from online games will be deducted. The amendment was made at the ...
28 Mar, 2023, 12.37 PM IST
Parliament approves Budget for 2023-24 amid dinThe passage of the Finance Bill completes the budgetary exercise for 2023-24. Rama Devi, who was in the Chair, adjourned the House for the ...
27 Mar, 2023, 06.17 PM IST
Finance Minister moves amendment to Finance Bill to correct STT rateThe amended Finance Bill 2023, which has corrected the STT rates, has been sent back to the Lok Sabha. The Bill is expected to be finalised...
27 Mar, 2023, 04.40 PM IST
Rajya Sabha passes and returns Jammu and Kashmir Appropriation (No 2) Bill, Finance BillMinutes after Finance Minister Nirmala Sitharaman moved the 'The Jammu and Kashmir Appropriation (No 2) Bill, 2023' and 'The Appropriation ...
27 Mar, 2023, 03.27 PM IST
How removal of tax benefits from debt mutual funds impacts AMC stocksIncreasing taxation (insurance, MFs, trading) can roll back some of the household savings into asset classes like fixed deposits, real esta...
27 Mar, 2023, 01.02 PM IST
New tax amendments may make conventional debt instruments like FDs, G-Secs attractiveAccording to the amendment to the Finance Bill, income from investments in debt mutual funds where not more than 35% is invested in equity ...
26 Mar, 2023, 01.31 PM IST
Government hikes duty on X-ray machine imports to 15 pc from Apr 1The changes in the customs duty rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha ...
26 Mar, 2023, 12.09 PM IST
Retro amendment clears key GST doubt, but opens door for further litigationThe Finance Bill proposes to do away with GST on merchant trade, in-bond sale and high sea sales. But by not refunding the tax collected un...
26 Mar, 2023, 10.31 AM IST
Nirmala Sitharaman hikes STT on sale of options and futures by 25%In the Finance Bill 2023, which was passed by the Lok Sabha today, Sitharaman also hiked STT by 25% on sale of futures contracts.
24 Mar, 2023, 05.18 PM IST
Individual taxpayers with income marginally over Rs 7 lakh to get relief under new tax regimeThe Finance Bill 2023, passed by the Lok Sabha on Friday, has proposed a marginal relief to taxpayers under new tax regime. Explaining the ...
24 Mar, 2023, 04.57 PM IST
Lok Sabha passes Finance Bill, set to tax investors heavily from AprilThe Finance Bill, 2023 was passed in the Lok Sabha on Friday amidst sloganeering by opposition members for setting up a JPC in the Adani-Hi...
24 Mar, 2023, 04.56 PM IST
GST tribunal, InVITs among likely 60 changes to Finance BillFinance minister Nirmala Sitharaman is expected to move around 60 changes to the Finance Bill, 2023 when it is taken up for passage in the ...
24 Mar, 2023, 12.08 AM IST
PPF, SCSS, Sukanya Samriddhi, other small savings schemes: What happens if an accountholder dies without nominee; govt clarifiesPPF, SCSS, Sukanya Samriddhi, other small savings schemes: The Finance Bill 2023 has proposed to amend the Government Savings Promotion Act...
22 Feb, 2023, 10.30 AM IST
I-T dept to come out with modified valuation norms for taxing foreign investments in unlisted cosThe Finance Bill, 2023 has proposed amending Section 56(2)(viib) of the I-T Act, thereby bringing overseas investment in unlisted closely h...
12 Feb, 2023, 01.47 PM IST
Input Tax Credit cannot be claimed on goods/services used for CSR activities: Budget 2023KPMG in India Partner, Indirect Tax, Abhishek Jain said the Finance Bill proposes to restrict input tax credit paid on goods and services u...
01 Feb, 2023, 08.06 PM IST