Tax

The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.

The Centre has extended the deadline to file income tax audit reports for FY 2023-24. Originally set for September 30, the new October 7 deadline offers businesses and professionals a reprieve. Experts warn that further extensions are unlikely.

Amid uproar over reports that people in Himachal Pradesh will now be taxed based on the number of toilet seats they have in their houses, Chief Minister Sukhvinder Singh Sukhu today said that there was no such "toilet tax" in the state.

Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.

The Government has extended the deadline due to technical issues faced by taxpayers during electronic submissions.

Maintaining financial discipline and regulatory compliance, domestic airline SpiceJet has cleared all its Goods and Services Tax (GST) dues.

Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.

Sweden has classified some crypto exchange service providers as professional money launderers claiming that crypto exchanges are often used by criminals to launder proceedings from all types of crimes via cryptocurrency. Sweden blames crypto exchanges for playing a crucial role in maintaining the criminal economy while also harbouring underground b...

India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...

Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee.

The Karnataka BJP on Wednesday hit out at the Siddaramaiah government after state Minister for Health Dinesh Gundu Rao approached the High Court against the "exorbitant" taxes charged by the Bruhat Bengaluru Mahanagara Palike (BBMP).

SpiceJet has not paid Rs 135.3 crore in Provident Fund payments to employees for periods from April 2020 to August 2023, the airline said in a document filed with the Bombay Stock Exchange.

The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.

Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election.

The ruling Dravida Munnetra Kazhagam (DMK) in Tamil Nadu has come out in support of Karnataka Chief Minister Siddaramaiah's proposal to convene a conclave of chief ministers to discuss the "unfair" sharing of taxes with states and fiscal federalism.

The UAE has exempted some crypto transactions from value added taxes (VAT). This essentially means that the five percent VAT that the UAE previously levied on crypto transfers and conversions now stands cancelled. This move is being implemented retrospectively covering crypto transactions from as far back as January 1, 2018.

The Centre has extended the deadline to file income tax audit reports for FY 2023-24. Originally set for September 30, the new October 7 deadline offers businesses and professionals a reprieve. Experts warn that further extensions are unlikely.

Amid uproar over reports that people in Himachal Pradesh will now be taxed based on the number of toilet seats they have in their houses, Chief Minister Sukhvinder Singh Sukhu today said that there was no such "toilet tax" in the state.

Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.

The Government has extended the deadline due to technical issues faced by taxpayers during electronic submissions.

Maintaining financial discipline and regulatory compliance, domestic airline SpiceJet has cleared all its Goods and Services Tax (GST) dues.

Karnataka plans to cut levies and offer financial incentives to companies in the clean mobility sector, including a steep tax cut for hybrid cars. The move could make the state, home to the tech hub of Bengaluru, the second after northern Uttar Pradesh to provide tax breaks to hybrid cars, for which Toyota has lobbied New Delhi.

Sweden has classified some crypto exchange service providers as professional money launderers claiming that crypto exchanges are often used by criminals to launder proceedings from all types of crimes via cryptocurrency. Sweden blames crypto exchanges for playing a crucial role in maintaining the criminal economy while also harbouring underground b...

India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...

Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee.

The Karnataka BJP on Wednesday hit out at the Siddaramaiah government after state Minister for Health Dinesh Gundu Rao approached the High Court against the "exorbitant" taxes charged by the Bruhat Bengaluru Mahanagara Palike (BBMP).

SpiceJet has not paid Rs 135.3 crore in Provident Fund payments to employees for periods from April 2020 to August 2023, the airline said in a document filed with the Bombay Stock Exchange.

The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.

Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election.

The ruling Dravida Munnetra Kazhagam (DMK) in Tamil Nadu has come out in support of Karnataka Chief Minister Siddaramaiah's proposal to convene a conclave of chief ministers to discuss the "unfair" sharing of taxes with states and fiscal federalism.