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Uber Adopts Zero-Commission Model for India Autorickshaw Rides to Weather Competition
Ride-hailing platform Uber has moved to a zero-commission model for its autorickshaw drivers in India and will instead charge them a subscription fee, mirroring a strategy followed by local rivals as competition intensifies.
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ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
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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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ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
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"Not Liable To Pay Any Tax": Zomato On Rs 401 Crore Notice For Unpaid GST
Food delivery giant Zomato has received a Good and Services Tax (GST) notice over an unpaid tax liability of Rs 401.7 crore.
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CoinTracker Launches Services in India to Help Crypto Investors With Tax Compliance
One of the leading cryptocurrency tax compliance and portfolio tracking firms in the world, CoinTracker, has announced its India entry with an official product launch in a bid to help crypto investors track and gauge their tax liabilities at any time.
-
Terra's Do Kwon Denies Any Tax Evasion Attempt on Twitter After South Korea Authorities File Lawsuit
In the midst of the Terra disaster, Do Kwon, the company’s founder, is being investigated by South Korean authorities for possible tax evasion and has responded in a Twitter thread that his firm will cooperate with the probe and that Terraform Labs has no outstanding tax liabilities in Korea.
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Delhi Government Waives Penalty On Road Tax Liabilities Between April-December In View Of COVID-19
The Delhi government on Thursday exempted vehicle owners from paying penalty on road tax liabilities between April and December this year in view of the COVID-19 pandemic.
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India Deciding Whether To Challenge Vodafone's 20,000-Crore Win: 10 Facts
India is examining the international arbitration decision on tax dispute with Vodafone over the Rs 20,000 crore tax claim. It is yet to be decided whether to challenge it in court, news agency Reuters has reported, quoting an un-named government official. Last month, an international arbitration tribunal in The Hague ruled that the imposition of a ...
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Government To Amend Companies Act To Decriminalise Civil Offences
The government proposes to amend the Companies Act to decriminalise civil offences, Finance Minister Nirmala Sitharaman said today as she announced Budget 2020. "Tax harassment will not be tolerated," she asserted.
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ICC Welcome To Take T20, ODI World Cup Out Of India For Tax Exemption: BCCI
If BCCI fails to get the exemption, it will have to bear the tax liability for hosting ICC tournaments like 2021 T20 World Cup and 2023 ODI World Cup.
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People With Income Upto Rs 9.5 Lakh Can Avoid Tax, Says Finance Minister
Finance Minister Piyush Goyal on Tuesday said that now individuals earning up to Rs 9.5 lakh can escape liability by taking advantage of saving schemes.
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Tax Authorities Ordered To Find Out Assets, Liabilities Of J Jayalalithaa
The Madras High Court Wednesday on its own impleaded the Income Tax department to find out the assets and liabilities of former Tamil Nadu chief minister J Jayalalithaa in an appeal filed by two persons in the case related to the administration of the late leader's properties.
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Deadline For Income Tax Returns Filing Only 10 Days Away. 10 Points
While a substantial number of income tax payers may have cleared their income tax (I-T) liability for the assessment years 2016-17 and 2017-18, but the ones who have not paid as yet can still do so by filing the belated income returns (I-T). Ideally, the salaried individuals are expected to pay the income tax return before July 31 of the year follo...
-
Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
Tax liability on long term capital gains (LTCG) at the rate of 10% will accrue only when the shares or mutual funds are sold after April 1, 2018.
-
Uber Adopts Zero-Commission Model for India Autorickshaw Rides to Weather Competition
Ride-hailing platform Uber has moved to a zero-commission model for its autorickshaw drivers in India and will instead charge them a subscription fee, mirroring a strategy followed by local rivals as competition intensifies.
-
ITR Advance Tax Deadline Today: Who Needs To Pay, How To Avoid Penalties
Advance tax is a system where taxpayers pay their income tax liability in installments throughout the financial year, instead of a lump sum at the end.
-
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.
-
ITR Filing Last Date 2024: Due Dates For Filing Income Tax Returns, TDS, Advance Tax Payments
Advance tax payment is required if your total tax liability reaches or exceeds Rs.10,000 in a financial year.
-
"Not Liable To Pay Any Tax": Zomato On Rs 401 Crore Notice For Unpaid GST
Food delivery giant Zomato has received a Good and Services Tax (GST) notice over an unpaid tax liability of Rs 401.7 crore.
-
CoinTracker Launches Services in India to Help Crypto Investors With Tax Compliance
One of the leading cryptocurrency tax compliance and portfolio tracking firms in the world, CoinTracker, has announced its India entry with an official product launch in a bid to help crypto investors track and gauge their tax liabilities at any time.
-
Terra's Do Kwon Denies Any Tax Evasion Attempt on Twitter After South Korea Authorities File Lawsuit
In the midst of the Terra disaster, Do Kwon, the company’s founder, is being investigated by South Korean authorities for possible tax evasion and has responded in a Twitter thread that his firm will cooperate with the probe and that Terraform Labs has no outstanding tax liabilities in Korea.
-
Delhi Government Waives Penalty On Road Tax Liabilities Between April-December In View Of COVID-19
The Delhi government on Thursday exempted vehicle owners from paying penalty on road tax liabilities between April and December this year in view of the COVID-19 pandemic.
-
India Deciding Whether To Challenge Vodafone's 20,000-Crore Win: 10 Facts
India is examining the international arbitration decision on tax dispute with Vodafone over the Rs 20,000 crore tax claim. It is yet to be decided whether to challenge it in court, news agency Reuters has reported, quoting an un-named government official. Last month, an international arbitration tribunal in The Hague ruled that the imposition of a ...
-
Government To Amend Companies Act To Decriminalise Civil Offences
The government proposes to amend the Companies Act to decriminalise civil offences, Finance Minister Nirmala Sitharaman said today as she announced Budget 2020. "Tax harassment will not be tolerated," she asserted.
-
ICC Welcome To Take T20, ODI World Cup Out Of India For Tax Exemption: BCCI
If BCCI fails to get the exemption, it will have to bear the tax liability for hosting ICC tournaments like 2021 T20 World Cup and 2023 ODI World Cup.
-
People With Income Upto Rs 9.5 Lakh Can Avoid Tax, Says Finance Minister
Finance Minister Piyush Goyal on Tuesday said that now individuals earning up to Rs 9.5 lakh can escape liability by taking advantage of saving schemes.
-
Tax Authorities Ordered To Find Out Assets, Liabilities Of J Jayalalithaa
The Madras High Court Wednesday on its own impleaded the Income Tax department to find out the assets and liabilities of former Tamil Nadu chief minister J Jayalalithaa in an appeal filed by two persons in the case related to the administration of the late leader's properties.
-
Deadline For Income Tax Returns Filing Only 10 Days Away. 10 Points
While a substantial number of income tax payers may have cleared their income tax (I-T) liability for the assessment years 2016-17 and 2017-18, but the ones who have not paid as yet can still do so by filing the belated income returns (I-T). Ideally, the salaried individuals are expected to pay the income tax return before July 31 of the year follo...
-
Income Tax Return Filing Deadline: Waiver On LTCG Tax To End On 31 March. Details Here
Tax liability on long term capital gains (LTCG) at the rate of 10% will accrue only when the shares or mutual funds are sold after April 1, 2018.
