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Parliament Monsoon Session Day 16 Live Updates: Proceedings Of Lok Sabha Adjourned, Rajya Sabha Resumes
 The proceedings of Lok Sabha has been adjourned till 4:00 pm. Meanwhile, the proceedings of Rajya Sabha has resumed.Â
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"Normal Parliamentary Procedure": Kiren Rijiju On New Income Tax Bill
Amid criticism of the new Income Tax Bill's withdrawal from the Lok Sabha, Union Minister Kiren Rijiju said that introducing a Bill in Parliament after necessary amendments is a normal procedure.
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Karnataka Issues Draft Notification To Cap Movie Ticket Prices At Rs 200
The Karnataka government on Tuesday issued a draft notification proposing amendments to the Karnataka Cinemas (Regulation) Rules, 2014, introducing a cap on cinema ticket prices across the state.
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Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024 Passed By Legislature
The Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024, was passed by both houses of the legislature on Thursday.
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Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
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Nirmala Sitharaman Proposes Amendments To LTCG Tax On Immovable Properties
Nirmala Sitharaman today said the contentious LTCG tax proposal on real estate is being amended to give option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
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Do You Need Tax Clearance Certificate For Going Abroad? Centre Clarifies
After social media outrage over making it mandatory to get tax clearance certificates for going abroad, the government has clarified that the proposed amendment is not for all, and only those accused of financial irregularities.
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India, Mauritius Sign Protocol To Amend Double Taxation Avoidance Pact
India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.
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"Allegation Misrepresented": Siddaramaiah Slams BJP Amid Row Over Temple Tax
Karnataka Chief Minister Siddaramaiah said that the allegations regarding the Karnataka government's amendments to the Hindu Religious Institutions and Charitable Endowment Bill "appear to be misrepresented", "aiming only at misleading the public" an
-
Bill To Amend Central Goods And Services Tax Act Introduced In Lok Sabha
A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.
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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
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Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
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Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
-
G20 Members to Review Anti-Evasion Crypto Tax Framework Drafted by OECD
The Organisation for Economic Cooperation and Development, or OECD has proposed amendments to the ‘Common Reporting Standard (CRS)’, that is taken into consideration by the G20 and OECD organisations to bring about tax reforms for the crypto sector. Over the next months, the OECD will be taking forward work on the legal and operational instrume...
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UK Treasury Invites Public Evidences Around Crypto-Related Risks, Opportunities
The UK authorities have opened a probe to explore ways to balance the impact of the crypto industry with regards to the existing operations of UK’s Financial Conduct Authority (FCA) and the Bank of England (BoE). UK residents can share their opinions on how regulators can make tax rules and financial amendments to its existing systems that fetch ...
-
Parliament Monsoon Session Day 16 Live Updates: Proceedings Of Lok Sabha Adjourned, Rajya Sabha Resumes
 The proceedings of Lok Sabha has been adjourned till 4:00 pm. Meanwhile, the proceedings of Rajya Sabha has resumed.Â
-
"Normal Parliamentary Procedure": Kiren Rijiju On New Income Tax Bill
Amid criticism of the new Income Tax Bill's withdrawal from the Lok Sabha, Union Minister Kiren Rijiju said that introducing a Bill in Parliament after necessary amendments is a normal procedure.
-
Karnataka Issues Draft Notification To Cap Movie Ticket Prices At Rs 200
The Karnataka government on Tuesday issued a draft notification proposing amendments to the Karnataka Cinemas (Regulation) Rules, 2014, introducing a cap on cinema ticket prices across the state.
-
Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024 Passed By Legislature
The Maharashtra Value Added Tax Act 2002 (Amendment) Bill, 2024, was passed by both houses of the legislature on Thursday.
-
Lok Sabha Passes Bill To Amend Long Term Tax Provision On Properties
The Lok Sabha on Wednesday passed the Finance Bill 2024 after the government relaxed the just-introduced new capital gains tax on real estate.
-
Nirmala Sitharaman Proposes Amendments To LTCG Tax On Immovable Properties
Nirmala Sitharaman today said the contentious LTCG tax proposal on real estate is being amended to give option to taxpayers to compute tax liability under the old system or at reduced rates without indexation, and pay the lower of the two.
-
Do You Need Tax Clearance Certificate For Going Abroad? Centre Clarifies
After social media outrage over making it mandatory to get tax clearance certificates for going abroad, the government has clarified that the proposed amendment is not for all, and only those accused of financial irregularities.
-
India, Mauritius Sign Protocol To Amend Double Taxation Avoidance Pact
India and Mauritius have signed a protocol to amend the double taxation avoidance agreement (DTAA), which included a principal purpose test (PPT) to decide whether a foreign investor is eligible to claim treaty benefits.
-
"Allegation Misrepresented": Siddaramaiah Slams BJP Amid Row Over Temple Tax
Karnataka Chief Minister Siddaramaiah said that the allegations regarding the Karnataka government's amendments to the Hindu Religious Institutions and Charitable Endowment Bill "appear to be misrepresented", "aiming only at misleading the public" an
-
Bill To Amend Central Goods And Services Tax Act Introduced In Lok Sabha
A bill to align provisions of the Central Goods and Services Tax Act with Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate Tribunals was introduced in Lok Sabha on Wednesday.
-
Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
-
Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
-
Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
-
G20 Members to Review Anti-Evasion Crypto Tax Framework Drafted by OECD
The Organisation for Economic Cooperation and Development, or OECD has proposed amendments to the ‘Common Reporting Standard (CRS)’, that is taken into consideration by the G20 and OECD organisations to bring about tax reforms for the crypto sector. Over the next months, the OECD will be taking forward work on the legal and operational instrume...
-
UK Treasury Invites Public Evidences Around Crypto-Related Risks, Opportunities
The UK authorities have opened a probe to explore ways to balance the impact of the crypto industry with regards to the existing operations of UK’s Financial Conduct Authority (FCA) and the Bank of England (BoE). UK residents can share their opinions on how regulators can make tax rules and financial amendments to its existing systems that fetch ...
