Tax Loss In India
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"Paid Rs 30 Lakh Taxes, Got Zero Support": Laid off Bengaluru Techie Says He's Falling Into Depression
The tweet has sparked a heated debate about the lack of support for India's salaried taxpayers, especially during crises.
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How Trump's 'Big, Beautiful Bill' Impacts Funds Transferred To India
In Donald Trump's "One Big Beautiful Bill," recently pushed through the House of Representatives, lies a provision that could change global remittance flows, and India, the world's leading recipient of remittances, could be impacted the most.
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Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More
The Union Budget for 2025 is set to be announced on February 1. Apart from reiterating the need for a revision in crypto tax rates, Indian crypto firms have asked the government to prioritise steps that keep the country in competition with other regions, especially with regard to emerging technologies.
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"No Physical Records Damaged, No Data Loss": Income Tax Department After Fire
The income tax department on Tuesday said there was no data loss pertaining to taxpayers due the fire at its CR Building in ITO in which one official died.
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Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
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Billionaire Businessmen Arrested In Multi-Crore GST Fraud Case In Noida
In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.
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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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Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
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Online Gaming Companies Say 28 Percent GST Will Limit Their Business, Lead to Lakhs of Job Losses
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new games, impacting cash flows as well as business expansion. The All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the council is unconstitutional, irrational, and...
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Rs 176-Crore Tax Fraud Mastermind Caught While Trying To Flee Country
A 34-year-old alleged mastermind of a fake input tax credit racket, which caused a loss of Rs 176 crore to the government by floating fictitious companies in the names of poor people, has been arrested while attempting to flee the country.
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PhonePe Paid Rs 8,000 Crore In Taxes For Shifting To India: CEO Sameer Nigam
Fintech firm PhonePe on Wednesday said it had to pay Rs 8,000 crore in taxes for shifting its domicile to India and is also likely to incur an accumulated loss of Rs 7,300 crore.
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Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
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GST Faces Its Biggest Challenge Yet After A Big Court Ruling
Several states are pressuring the ruling government to extend a program to continue compensation for losses from Goods and Services Tax (GST)or risk a stalemate in attempts to further simplify the structure
-
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
-
Cut VAT On Fuel: Delhi Petrol Association Writes To Arvind Kejriwal
Delhi Petrol Dealers Association has written a letter to Delhi Chief Minister Arvind Kejriwal urging him to reduce value-added tax (VAT) in the national capital, stating that a higher tax on fuel is resulting in losses to petrol pump owners and may a
-
"Paid Rs 30 Lakh Taxes, Got Zero Support": Laid off Bengaluru Techie Says He's Falling Into Depression
The tweet has sparked a heated debate about the lack of support for India's salaried taxpayers, especially during crises.
-
How Trump's 'Big, Beautiful Bill' Impacts Funds Transferred To India
In Donald Trump's "One Big Beautiful Bill," recently pushed through the House of Representatives, lies a provision that could change global remittance flows, and India, the world's leading recipient of remittances, could be impacted the most.
-
Budget 2025: Crypto Industry Seeks Digital Asset Innovation, Simple Tax Structure and More
The Union Budget for 2025 is set to be announced on February 1. Apart from reiterating the need for a revision in crypto tax rates, Indian crypto firms have asked the government to prioritise steps that keep the country in competition with other regions, especially with regard to emerging technologies.
-
"No Physical Records Damaged, No Data Loss": Income Tax Department After Fire
The income tax department on Tuesday said there was no data loss pertaining to taxpayers due the fire at its CR Building in ITO in which one official died.
-
Inclusion Into Startup Initiatives, Risk Mitigating Policies: BWA Lists Web3 Needs for Upcoming Government
The BWA, in a recent announcement, listed some immediate steps that the upcoming government could consider aiming to grow the blockchain-based sector. Providing escrow accounts and banking services for owners of Web3 businesses, allowing offsetting of losses, and reducing the one percent TDS tax law to 0.01 percent are among suggestions given by th...
-
Billionaire Businessmen Arrested In Multi-Crore GST Fraud Case In Noida
In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based "billionaire businessmen" who allegedly masterminded the multi-crore revenue loss to the exchequer.
-
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.
-
Indian Online Gaming Firms Planning to Relocate Could Violate Laws: Official
Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.
-
Online Gaming Companies Say 28 Percent GST Will Limit Their Business, Lead to Lakhs of Job Losses
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new games, impacting cash flows as well as business expansion. The All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the council is unconstitutional, irrational, and...
-
Rs 176-Crore Tax Fraud Mastermind Caught While Trying To Flee Country
A 34-year-old alleged mastermind of a fake input tax credit racket, which caused a loss of Rs 176 crore to the government by floating fictitious companies in the names of poor people, has been arrested while attempting to flee the country.
-
PhonePe Paid Rs 8,000 Crore In Taxes For Shifting To India: CEO Sameer Nigam
Fintech firm PhonePe on Wednesday said it had to pay Rs 8,000 crore in taxes for shifting its domicile to India and is also likely to incur an accumulated loss of Rs 7,300 crore.
-
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
-
GST Faces Its Biggest Challenge Yet After A Big Court Ruling
Several states are pressuring the ruling government to extend a program to continue compensation for losses from Goods and Services Tax (GST)or risk a stalemate in attempts to further simplify the structure
-
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
-
Cut VAT On Fuel: Delhi Petrol Association Writes To Arvind Kejriwal
Delhi Petrol Dealers Association has written a letter to Delhi Chief Minister Arvind Kejriwal urging him to reduce value-added tax (VAT) in the national capital, stating that a higher tax on fuel is resulting in losses to petrol pump owners and may a
