NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month…
Browsing: tax
One key reason to file your ITR, even if you have no taxable income, is the ability to carry forward capital losses for future tax benefits.…
India and Oman have revised their Double Taxation Avoidance Agreement (DTAA), first signed in 1997, to align with evolving global tax standards and cross-border economic realities.…
For years, influential individuals have employed this scheme of purchasing agricultural property at understated values through cash payments. (AI image) Tax authorities are now scrutinising the…
New Delhi: Tata Steel said it has received a show cause-cum-demand (SCN) notice from tax authorities over an “alleged irregular availment of input tax credit” amounting…
Tata Steel has received a show cause-cum-demand notice from tax authorities over ‘alleged irregular availment of input tax credit’ (ITC) totalling over Rs 1,007 crore for…
G7 endorses ‘side-by-side’ system replacing top-up levies (Picture credit: ANI) In a landmark development, the Group of Seven (G7) nations have agreed to exempt US-headquartered multinational…
United States contributed approximately $32 billion in remittances to India in 2023-24. (AI image) US remittance tax relief on the cards! Non-Resident Indians or NRIs have…
The government has dismissed recent media reports suggesting that two-wheelers could soon be brought under the toll tax net. The National Highways Authority of India (NHAI)…
Indonesia is drafting a new regulation to tackle its “shadow economy,” making changes to how sellers and platforms operate across the booming online shopping sector.The rule…