Exide, Amara Raja shares jump up to 5% as safe harbour threshold for Li-ion batteries raised to Rs 300 crSafe Harbour Rules grant businesses immunity from detailed tax scrutiny if they adhere to predefined pricing norms under the Income-tax Rul...
FICCI, Assocham seek input tax credit under CGST on commercial properties meant for leasing purposesIndustry bodies FICCI and Assocham have urged the finance ministry to allow input tax credit (ITC) for real estate developers on commercial...
Proposed change in income tax may hit homestay ownersThe move is aimed at plugging the loophole that house owners used to lower their tax liability. "The amendment will take effect from the 1s...
Record GST mop-up reflects robust eco, audit efficacy; raises hope for further reforms: ExpertsTax experts hailed the record-breaking GST collection of Rs 2.10 lakh crore in April, attributing it to a robust economy and effective audi...
GST collections surge to ₹1.72 lakh crore in January 2024, marking a 10.4% Y-o-Y growthGST Collections: India's Goods and Services Tax (GST) revenue has witnessed a notable upswing, reaching ₹1.72 lakh crore in January 2024, m...
New TCS rate from July: Sending money for children studying abroad to cost more for these expensesBudget 2023 increased tax collection at source (TCS) for foreign remittances under LRS from 5% to 20%. This will apply to foreign trips, se...
February GST collection at Rs 1.50 lakh crore, up 12% YoYThe gross goods and service tax (GST) revenue collection in the month of February 2023 stood at Rs 1,49,577 crore, up around 12% on an annu...
Co-working cos, tax experts ask government to simplify GST registrationCo-working operators and tax experts have urged the Centre for a simplified GST registration for firms operating from a shared space. The r...
Bengal FM presents Rs 3.39-lakh crore budget for 2023-24West Bengal Finance Minister Chandrima Bhattacharya on Wednesday presented a Rs 3.39-lakh crore budget for 2023-24, with a proposal to waiv...
Govt to refund GST if purchase of incomplete house called off: ExpertsThe finance ministry said in the 48th GST Council meeting that there is no procedure for claim of refund of tax borne by unregistered buyer...
Apartment to get costlier to rent for corporate executives“Furthermore, going by experience in such cases, the input tax credit (ITC) of GST on this rent paid by corporates may be disputed by the G...
Taxpayers can now claim refund of IGST on ocean freight: Experts on SC judgementTax Connect Advisory Services Partner Vivek Jalan said this is a big relief for importers and GST taxpayers. "In fact those taxpayers who h...
Relief to exporters: RBI discontinues automatic caution-listing systemExports have been adversely impacted by the pandemic-related contraction in external demand, RBI Governor Shaktikanta Das said during a vir...
Ecommerce breathes life into obituaries startupsAs per a market survey by Tributes. in, the newspaper obituary and remembrance advertisement market size is estimated at more than Rs 350 c...
Insurance industry must make use of 'conducive environment': StudyThe right product-price process proposition delivery is sure to provide an overwhelming boost to the insurance sector, the report said.
- January IIP revised to 1.1%: Analysts taken by surprise
The revision of January IIP growth numbers from 6.8 per cent to a drastic 1.1 per cent has taken economists by surprise.
You may say, I’m a dreamer... but I’m not the only oneImagine an India where political parties give tickets according to a candidate’s ability to deliver. Where representatives charge-sheeted i...