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India rolls out new gold math with import duty hike. Who will foot the bill?India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange re...- I made Rs 29 lakh from equities but lost all of it on bogus trading portal. Do I still have to pay income tax on the gains?ET Wealth Reader's Query: I sold shares worth Rs.5 lakh (long-term) and redeemed mutual funds worth Rs.24 lakh, largely long-term. Unfortun...
- Won money on Dream11, My11Circle? Know income tax rules for this casual incomeDream11 win: Winnings from lottery, online gaming, online sports betting, etc., are considered casual income for income tax purposes, as pe...
- GST Council Meeting Highlights: Everything Finance Minister Sitharaman and the GST Council decided on in Monday's meetGST Council Meeting Key Highlights: Chaired by the Finance Minister, the GST Council is a constitutional body that oversees the implementat...
- Karnataka plans to levy cess on online transactions to fund welfare of gig workersThe State Government plans to levy a cess on online transactions to fund the welfare of gig workers. The government will introduce the Plat...
- Income tax payable on winnings from online, offline games of chanceE-commerce websites like Amazon, CRED, others oftentimes runs free to play gaming contests like spin-the-wheel and others. For the purpose ...
- After Rajasthan, now Karnataka planning surcharge on online transactions to support gig workersKarnataka government is planning a surcharge on online transactions conducted through platforms like Amazon and Zomato to bolster welfare b...
- CAG asks Finance Ministry to put in place online Customs refund systemUnder the Customs Act, refunds can be claimed in cases where the imported goods are found to be defective or not in conformity with the spe...
- There's also social angle to e-gaming: Vivek Johri, CBIC"GST Council's decision of 28% tax is a clarification of government's view that online gaming is an actionable claim, liable to be taxed at...
- GST collection for November stands at Rs 1,45,867 crore, surges 11% YoY"The government has settled ₹33,997 crore to CGST and ₹28,538 crore to SGST from IGST as regular settlement. The total revenue of Centre an...
- Want to send money abroad? Here are the rules, limitations, tax implications, charges, ways to transferFind out about the rules, limitations, tax implications and ways to transfer money overseas.
- View: Paving the way for growth and next-gen reformsBudget 2021 mostly appears to be focused on economic revival, paving the path for stability and growth with proposals on infrastructure and...
- GST Council unveils new, simplified return filing processIt will take about six months for GSTN to prepare for it so for that period the current arrangement will continue, said Finance Secretary H...
- Online-only brands importing TVs from China will have to hike pricesPrices are likely to rise by more than 10% because of this besides the imposition of 20% duty on completely built televisions sets and 15% ...
- How Budget can make taxpayers happy...without cutting ratesCompared to what some other countries have done, lots more can be done to make tax payments easier and may be even rewarding.
- Krishi Cess,4 month window to disclose black money from tomorrowLast year the government had launched a similar scheme giving opportunity to people having unaccounted assets abroad to come clean by payin...
- Domestic black money window: CBDT to hold 'talkathon' tomorrowThe scheme was announced by the government with an aim to fish out black money from the domestic economy.
- Four-month window to declare black money opens on June 1: Finance Ministry"No scrutiny and enquiry under the Income-tax Act or the Wealth tax Act (no abolished) shall be undertaken in respect of such declarations."
- Tax sword on MF deals thru stock exchangesBuying and selling mutual funds units on recently-opened trading facility on stock exchanges will not come tax-free.
- Online equity MF plans to attract STTBuying and selling mutual funds units on the recently opened trading facility on stock exchanges will not be tax-free.
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