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From Investment Proofs To Insurance Reviews: Essential Financial Tasks Before March 31
With India's financial year ending on 31 March, experts recommend completing a checklist that includes submitting investment proofs, maximising tax-saving investments, reviewing insurance policies.
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Bajaj Auto Faces Rs 34 Crore Tax Demand Over Spare Parts Classification Dispute
Bajaj Auto faces Rs 34.74 crore tax demand and Rs 3.47 crore penalty over alleged spare parts misclassification; plans legal appeal.
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Skoda Auto Volkswagen India Assures Full Cooperation Amid $1.4 Billion Tax Evasion Notice
Skoda Auto Volkswagen India has clarified its stance on the 12,000 crore tax evasion notice. The carmaker commits to offer support to authorities.
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Volkswagen India Unit Faces $1.4 Billion Tax Evasion Notice
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands.
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"We Pay Taxes Like In England But Get Services Like In Somalia": AAP's Raghav Chadha
Rajya Sabha MP Raghav Chadha on Thursday voiced strong criticism of the Union Budget 2024, presented by the NDA government in its third-consecutive term, and said, "India is paying taxes like England and receiving services like Somalia."
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Indian Tax Authorities Are Losing Rs 2 Lakh Crore Annually, Claims Report
As Cricket World Cup 2023 is gaining momentum, illegal betting activities are also picking up steam with crores of rupees invested through informal routes leading to a loss of about Rs 2 lakh crore to tax authorities, a report said.
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Oppo, Vivo, Xiaomi Found Evading Tax Worth Rs. 9,000 Crore; Rs. 1,630 Crore Recovered So Far: MoS IT
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion comprising customs duty and GST.
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As Tax 'Survey' Ends, BBC Says Will "Report Without Fear Or Favour"
The income tax "survey" at the BBC's Delhi and Mumbai offices ended tonight after nearly three days of officials going through digital records and files.
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India Engaging Proactively With Switzerland To Obtain Info Under Tax Treaty
The government on Tuesday said that India is engaging proactively with Switzerland to obtain information in relevant cases under the Double Taxation Avoidance Agreement between the two countries.
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Trump Or His Firms Paid More Taxes In India In 2017 Than In US: Report
Donald Trump paid just $750 in federal income taxes in the year he was elected US president and also in his first year in the White House, according to a media report, which also said that he or his companies paid $1,45,400 taxes in India in 2017.
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Lives Of Honest Taxpayers Will Become Easier: JP Nadda On Tax Reforms
The Union government's measures to make tax environment "seamless, painless and faceless" for taxpayers will make their lives easier and boost the country's development, BJP president JP Nadda said on Thursday.
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US Probe Into India's Digital Tax Not A Move Of Aggression: Report
The US government's move to launch a trade investigation into a digital services tax adopted by several countries including India should not be construed as a move of aggression against India, a senior government source said on Wednesday.
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Mercedes-Benz Wants Taxes On Luxury Cars To Be Reduced In India
Mercedes-Benz has pitched for lower taxes on luxury cars in India, saying the move will help in job creation as well as increase tax collection from the segment. The company says that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
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The Mechanics Of GST: Demystifying India's Largest Tax Reform
Policymakers have promised that GST will reduce taxes by subsuming 17 different central and state taxes
-
From Cars To Groceries, Companies Cut Prices As GST Enters Day 3
FMCG brands, supermarkets, e-commerce websites and many auto makers have lowered prices to pass on the benefits of GST to their customers
-
From Investment Proofs To Insurance Reviews: Essential Financial Tasks Before March 31
With India's financial year ending on 31 March, experts recommend completing a checklist that includes submitting investment proofs, maximising tax-saving investments, reviewing insurance policies.
-
Bajaj Auto Faces Rs 34 Crore Tax Demand Over Spare Parts Classification Dispute
Bajaj Auto faces Rs 34.74 crore tax demand and Rs 3.47 crore penalty over alleged spare parts misclassification; plans legal appeal.
-
Skoda Auto Volkswagen India Assures Full Cooperation Amid $1.4 Billion Tax Evasion Notice
Skoda Auto Volkswagen India has clarified its stance on the 12,000 crore tax evasion notice. The carmaker commits to offer support to authorities.
-
Volkswagen India Unit Faces $1.4 Billion Tax Evasion Notice
India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands.
-
"We Pay Taxes Like In England But Get Services Like In Somalia": AAP's Raghav Chadha
Rajya Sabha MP Raghav Chadha on Thursday voiced strong criticism of the Union Budget 2024, presented by the NDA government in its third-consecutive term, and said, "India is paying taxes like England and receiving services like Somalia."
-
Indian Tax Authorities Are Losing Rs 2 Lakh Crore Annually, Claims Report
As Cricket World Cup 2023 is gaining momentum, illegal betting activities are also picking up steam with crores of rupees invested through informal routes leading to a loss of about Rs 2 lakh crore to tax authorities, a report said.
-
Oppo, Vivo, Xiaomi Found Evading Tax Worth Rs. 9,000 Crore; Rs. 1,630 Crore Recovered So Far: MoS IT
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion comprising customs duty and GST.
-
As Tax 'Survey' Ends, BBC Says Will "Report Without Fear Or Favour"
The income tax "survey" at the BBC's Delhi and Mumbai offices ended tonight after nearly three days of officials going through digital records and files.
-
India Engaging Proactively With Switzerland To Obtain Info Under Tax Treaty
The government on Tuesday said that India is engaging proactively with Switzerland to obtain information in relevant cases under the Double Taxation Avoidance Agreement between the two countries.
-
Trump Or His Firms Paid More Taxes In India In 2017 Than In US: Report
Donald Trump paid just $750 in federal income taxes in the year he was elected US president and also in his first year in the White House, according to a media report, which also said that he or his companies paid $1,45,400 taxes in India in 2017.
-
Lives Of Honest Taxpayers Will Become Easier: JP Nadda On Tax Reforms
The Union government's measures to make tax environment "seamless, painless and faceless" for taxpayers will make their lives easier and boost the country's development, BJP president JP Nadda said on Thursday.
-
US Probe Into India's Digital Tax Not A Move Of Aggression: Report
The US government's move to launch a trade investigation into a digital services tax adopted by several countries including India should not be construed as a move of aggression against India, a senior government source said on Wednesday.
-
Mercedes-Benz Wants Taxes On Luxury Cars To Be Reduced In India
Mercedes-Benz has pitched for lower taxes on luxury cars in India, saying the move will help in job creation as well as increase tax collection from the segment. The company says that "better treatment" in terms of taxation could lead to growth of luxury car segment in the country.
-
The Mechanics Of GST: Demystifying India's Largest Tax Reform
Policymakers have promised that GST will reduce taxes by subsuming 17 different central and state taxes
-
From Cars To Groceries, Companies Cut Prices As GST Enters Day 3
FMCG brands, supermarkets, e-commerce websites and many auto makers have lowered prices to pass on the benefits of GST to their customers
