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EQUALIZATION LEVY
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.- Bernie Sanders pushes 50%t public stake in AI giants, $1,000 dividend payout to every AmericanSenator Bernie Sanders has introduced legislation proposing a 50% public ownership stake in major US AI companies through a one-time stock ...
- World Cup 2026 day 3 in photos: The most eye-catching and gorgeous fans from the Qatar vs Switzerland and Brazil vs Morocco matchesWorld Cup photos: Day 3 of the 2026 FIFA World Cup delivered late drama as Qatar secured a historic 1-1 draw against Switzerland with a sto...
- A shadowy Oman-Iran plot provoked Trump’s “blow ’em up” threatUS President Donald Trump has sent a stark message to the Sultanate of Oman, warning of potential military repercussions should it move for...
- SC upholds govt retrospective 28% GST levy on online gaming companiesThe Supreme Court has backed the government's retrospective 28% GST on online gaming. The court ruled that online gaming platforms are not ...
- SC allows Amazon's appeal, sets aside order imposing Rs 202 crore penaltyThe Supreme Court has relieved Amazon by setting aside a Rs 202 crore penalty. The apex court also suspended the e-commerce giant's deal wi...
- High hopes dashed: UK cost-of-living woes snare PM StarmerBritons are unhappy with Prime Minister Keir Starmer's government. Cost of living worries are high. Economic problems persist since 2008. R...
- Cabinet approves Rs 37,500 crore coal gasification scheme to cut import dependenceThe Union Cabinet on Wednesday approved a Rs 37,500 crore scheme to promote surface coal and lignite gasification projects, aiming to gasif...
- Builder denied proper parking? Know your rights under RERA & key court rulingsHomebuyers facing parking disputes with builders now have legal recourse. Judicial precedents and RERA guidelines offer clarity on issues l...
- India’s fuel resilience amid global oil turmoilThe article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel ...
- Wipro is buying back shares at Rs 250. What your tax bill looks like depends on this factorWipro's share buy-back offers Rs 250 per share, a premium over market price. New tax rules effective April 1, 2026, treat buy-back proceeds...
- ‘He has the market in a chokehold’: Stocks swing as Trump postsUS stock market moves over the past 15 months have been heavily influenced by President Donald Trump’s remarks and social media posts. Fund...
- Apple’s Tim Cook takes on crucial new role: Global ambassadorTim Cook steps into a new role as executive chairman, dedicating more time to global diplomacy for Apple. He will engage policymakers world...
- Finland may introduce tourist tax for visitors from 2027Finland is set to introduce a tourist tax, empowering municipalities to generate revenue from visitors. This proposed charge, applicable to...
- India received highest number of regressive tax recommendations from IMF: OxfamAn Oxfam report highlights the International Monetary Fund's (IMF) tax advice. India received the most regressive recommendations between 2...
- Alphabet, Meta paid Rs 1,254 crore as levy in FY21India collected a total of Rs 2,057 crore in equalization levy last fiscal, up 85%.
- G7 proposal on MNC tax: India wants wider ambitIf the proposal is accepted, India would have to remove the 2% equalisation levy on sales of digital multinationals even as the current pro...
- Biden regime may engage on equalisation levy, but India stance to remain unchanged, say expertsThe US had launched a Section 301 probe on EU, India, UK and Brazil in June to determine whether the levy discriminates against American e-...
- Modi govt sees no major threat of US retaliation over Google taxThe issue was discussed last week during an interaction with USTR Robert Lightheizer as American authorities had flagged their concerns soo...
- CBDT's panel suggests Rs 1 lakh threshold for tax on online advertisingThe Committee has also suggested that income arising from payments subjected to Equalization Levy should not be subjected to income-tax, an...
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