Tag Archives: tax

[ad_1] Finance Minister Nirmala Sitharaman on Friday ordered the income tax department to make an exception for non-resident Indians who are trapped in India due to Covid-19 and the suspension of international flights. Indians living abroad are not treated as residents for tax purposes by the income tax department, provided …

[ad_1] On Tuesday night, the Center increased the excise tax on gasoline by Rs 10 and diesel by Rs 13 to a liter to recover part of the loss of revenue suffered by the government due to the Covid-19 blockade. The change of functions will take effect from May 6, …

[ad_1] In the largest increase in recent times, the Center increased the additional special tax, the cessation of roads and infrastructure on gasoline and diesel by Rs 10 per liter and Rs 13 per liter, respectively. However, the government later issued a note saying that retail prices will not change …

[ad_1] The Delhi government imposed a 70% tax on liquor that will take effect from Tuesday, sources said Monday night. The 70% tax called “special crown rate” will be charged on the maximum retail price or MRP per bottle. Senior government officials said the blockade since March 25 to prevent …

[ad_1] Starting in mid-March, companies were backing down when a devastating virus launched a web of disease and fear across India. Any formal activity that required people to be in some degree of proximity began to close. And, on March 25, everything stopped. As a concession, the government allowed companies …

[ad_1] New Delhi: The CBDT issued charge sheets Monday against three senior IRS officers with the rank of commissioner for “disorienting” young taxpayers and releasing “without authorization” a report calling for a tax increase to finance the economic consequences of the pandemic COVID-19. The three IRS officers – Sanjay Bahadur …

[ad_1] NEW DELHI: The Central Board of Direct Taxes (CBDT) named three senior officials from the Indian Tax Service (IRS) on its charge sheet on Monday for creating political uncertainty and panic by publishing in an unauthorized manner. the report of ‘tax increase’ and ‘cheat’ young prosecutors. The three IRS …

[ad_1] Three senior officials from the Indian Tax Service who had played a key role in preparing a report on the income tax increase and placed it in the public domain have been charged with violations of the rules of conduct, people familiar with the development told the Hindustan Times. …

[ad_1] NEW DELHI: Annoying government distanced itself from controversial tax proposals, such as a Covid-19 dismissal and a wealth tax by a group of wealth service officials, not only rejecting the suggestions but also ordering an investigation against the officers who released the report on Sunday. The prompt rebuttal was …

[ad_1] MUMBAI / NEW DELHI: A group of tax officials suggested raising the super-rich tax to 40 percent, imposing a cessation and other measures to increase revenue amid the coronavirus pandemic, prompting the tax department to clarify that the proposals do not reflect their official views in any way. The …