Luxury Tax
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Tesla's Long-Awaited India Debut Bets On Luxury Vehicle Buyers
Tesla Inc. is opening its first India showroom as Elon Musk's electric-vehicle maker looks to ply new markets and offset slowing sales where it's already well established.
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Bengaluru Man Bought A 7.5 Crore Ferrari And Tried To Dodge Tax Officials
In a high-octane crackdown on tax evasion, a Ferrari owner was forced to shell out Rs 1.42 crore after Regional Transport Office officials caught the luxury supercar being used on the streets of Bengaluru without road tax being paid in Karnataka.
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Supreme Court Upholds Constitutional Validity of Dual Taxation on Cable TV, OTT Platforms: Report
The Supreme Court has upheld the right of state governments to levy an entertainment tax on broadcasting and digital streaming services, as they are classified as a "luxury" under the seventh schedule of the Constitution of India. This ruling clarifies that both cable TV broadcasters are liable to pay a service tax to the central government and an ...
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Buying A Handbag, Watch Or Sunglasses Over Rs 10 Lakh Will Now Attract 1% TCS
Buying luxury goods worth above Rs 10 lakh will now come with a 1% TCS charge
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Ferrari, Porsche Amid 30 High-End Cars Seized In Bengaluru For Tax Evasion
The Transport Department has been working towards tax compliance among luxury vehicle owners in Bengaluru.
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Joe Biden Pardons Son Hunter: A Look At Charges And Potential Punishment
Hunter Biden had pleaded guilty to failing to pay $1.4 million in taxes during a period when he allegedly spent excessively on drugs, luxury items, and other activities.
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
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Rolls Royce, Lamborghini, Crores Of Cash Seized From Tobacco Baron's Home
The Income Tax department executed a series of raids on Banshidhar Tobacco Company, unearthing a complex web of financial manipulations that extend across various states and even overseas.
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Badals Got Rs 108 Crore Waived In Taxes For Luxury Hotel: Bhagwant Mann
Punjab Chief Minister Bhagwant Mann on Thursday alleged that the Badal family had taxes worth Rs 108 crore waived for a Mohali-based luxury hotel -- Sukhvilas -- by way of a "tailor-made" eco-tourism policy during the Akali regime.
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Conman Sukesh Chandrashekar's Exotic Car Collection To Be Auctioned In Bengaluru
The cars which would be up for auction are BMW M5, Toyota Prado, Range Rover, Lamborghini, Jaguar XKR Coupe, Rolls Royce, Bentley, Innova Crysta, Toyota Fortuner, Nissan Teana and Porsche.
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Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
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Imran Khan Gets Luxury Tax Notice Worth Lakhs For Lahore House
Pakistan's former premier Imran Khan received on Monday a luxury tax notice of PKR 14 lakh for his Lahore residence from the Punjab provincial government, media reports said.
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Hollywood Celebrities Rush To Sell Homes Ahead Of New 'Mansion Tax'. Know What It Is
Jim Carrey, Britney Spears and Kylie Jenner are among the celebrities who have put their sprawling properties on the market in recent months.
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Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Pakistan Hikes Tax On Luxury Goods And Services To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Tesla's Long-Awaited India Debut Bets On Luxury Vehicle Buyers
Tesla Inc. is opening its first India showroom as Elon Musk's electric-vehicle maker looks to ply new markets and offset slowing sales where it's already well established.
-
Bengaluru Man Bought A 7.5 Crore Ferrari And Tried To Dodge Tax Officials
In a high-octane crackdown on tax evasion, a Ferrari owner was forced to shell out Rs 1.42 crore after Regional Transport Office officials caught the luxury supercar being used on the streets of Bengaluru without road tax being paid in Karnataka.
-
Supreme Court Upholds Constitutional Validity of Dual Taxation on Cable TV, OTT Platforms: Report
The Supreme Court has upheld the right of state governments to levy an entertainment tax on broadcasting and digital streaming services, as they are classified as a "luxury" under the seventh schedule of the Constitution of India. This ruling clarifies that both cable TV broadcasters are liable to pay a service tax to the central government and an ...
-
Buying A Handbag, Watch Or Sunglasses Over Rs 10 Lakh Will Now Attract 1% TCS
Buying luxury goods worth above Rs 10 lakh will now come with a 1% TCS charge
-
Ferrari, Porsche Amid 30 High-End Cars Seized In Bengaluru For Tax Evasion
The Transport Department has been working towards tax compliance among luxury vehicle owners in Bengaluru.
-
Joe Biden Pardons Son Hunter: A Look At Charges And Potential Punishment
Hunter Biden had pleaded guilty to failing to pay $1.4 million in taxes during a period when he allegedly spent excessively on drugs, luxury items, and other activities.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
Rolls Royce, Lamborghini, Crores Of Cash Seized From Tobacco Baron's Home
The Income Tax department executed a series of raids on Banshidhar Tobacco Company, unearthing a complex web of financial manipulations that extend across various states and even overseas.
-
Badals Got Rs 108 Crore Waived In Taxes For Luxury Hotel: Bhagwant Mann
Punjab Chief Minister Bhagwant Mann on Thursday alleged that the Badal family had taxes worth Rs 108 crore waived for a Mohali-based luxury hotel -- Sukhvilas -- by way of a "tailor-made" eco-tourism policy during the Akali regime.
-
Conman Sukesh Chandrashekar's Exotic Car Collection To Be Auctioned In Bengaluru
The cars which would be up for auction are BMW M5, Toyota Prado, Range Rover, Lamborghini, Jaguar XKR Coupe, Rolls Royce, Bentley, Innova Crysta, Toyota Fortuner, Nissan Teana and Porsche.
-
Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
-
Imran Khan Gets Luxury Tax Notice Worth Lakhs For Lahore House
Pakistan's former premier Imran Khan received on Monday a luxury tax notice of PKR 14 lakh for his Lahore residence from the Punjab provincial government, media reports said.
-
Hollywood Celebrities Rush To Sell Homes Ahead Of New 'Mansion Tax'. Know What It Is
Jim Carrey, Britney Spears and Kylie Jenner are among the celebrities who have put their sprawling properties on the market in recent months.
-
Pakistan Hikes Tax On Luxury Imports To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
-
Pakistan Hikes Tax On Luxury Goods And Services To Get IMF Deal
Pakistan's parliament gave the go-ahead Monday for the government to raise taxes on a raft of luxury imports and services in a bid to unlock the next tranche of an International Monetary Fund (IMF) loan.
