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Trump's Big Bill Cuts Clean Energy Tax, Residential Solar To Get Hit Fast
The bill in the Housetakes anaxto clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year that the Biden administration'sInflation Reduction Acthad extended into the next decade.
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Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
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GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
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Trump's Tax Bill Draws Rural Backlash Over Proposed Medicaid Reductions
Rural hospitals are sounding the alarm over proposed healthcare cuts in President Donald Trump's sweeping tax-cut and spending package, warning the changes could force them to scale back services or close their doors.
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GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
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Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
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Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
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Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
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Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
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CoinDCX Seeks Advice to Grow India’s Web3 Sector, Experts Call for Early Test Beds and Education
Sumit Gupta, the CEO of CoinDCX has asked crypto enthusiasts to reach out with issue-solving ideas that could help expand the Web3 ecosystem in the country. People from India’s crypto industry have reacted positively to this initiave and have listed some urgent changes that could help the Web3 sector to explode to its potential in the country.
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India’s Crypto Industry Misses Mention in FM’s Budget 2024 Speech, No Change in Taxes
Since last week, #ReduceCryptoTax has been trending on X in India with thousands of posts demanding a revision in India’s crypto tax policy. Despite the outcry, India's Finance Minister Nirmala Sitharaman did not even mention the crypto sector in the interim budget speech she presented in the parliament on Thursday, February 1.
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India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
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Petrol Pumps In Rajasthan Begin Indefinite Strike Demanding Tax Reduction
Petrol filling stations across Rajasthan, barring privately-owned and operated pumps, began an indefinite strike from 6 am today, demanding a reduction in Value-Added Tax (VAT) on petrol and diesel.
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Lamborghini Plans to Deploy Hybrid Technology Models in India by 2024-End
Italian automaker Automobili Lamborghini plans to deploy hybrid technology in its models in India by the end of 2024 as the Italian super sports car maker aims to halve the emissions from its cars in the coming years, according to a top company executive. The niche player also expressed confidence that the country's taxation policy remains consiste...
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Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
-
Trump's Big Bill Cuts Clean Energy Tax, Residential Solar To Get Hit Fast
The bill in the Housetakes anaxto clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year that the Biden administration'sInflation Reduction Acthad extended into the next decade.
-
Tobacco, Liquor, Fancy Cars: What Will Cost More As Centre Plans GST Revision
Cigarettes, carbonated drinks, and high-end cars are among items that may become more expensive if a proposal to replace the expiring compensation cess - in the Goods and Services Tax system - with cesses on health and clean energy.
-
GST Relief For Middle Class Soon: Cheaper Toothpaste, Utensils, Clothes, Shoes
After a series of income tax concessions earlier this year, the Centre is now preparing to extend relief to middle and lower-income households in the form of a reduction in Goods and Services Tax (GST), sources have said.
-
Trump's Tax Bill Draws Rural Backlash Over Proposed Medicaid Reductions
Rural hospitals are sounding the alarm over proposed healthcare cuts in President Donald Trump's sweeping tax-cut and spending package, warning the changes could force them to scale back services or close their doors.
-
GST Council Exempts Gene Therapy, Cuts Tax Rate For Rice Kernels
Jaisalmer (Rajasthan): Union Finance Minister Nirmala Sitharaman on Saturday announced that the Goods and Services Tax Council has approved the reduction of GST on rice kernels to 5 per cent and exempted life-saving gene therapy from tax.
-
Why Imported Phones May Become Cheaper After Union Budget
Finance Minister Nirmala Sitharaman has slashed customs duty on mobile phones and their components, a move that could see a reduction in prices of imported handsets
-
Union Budget 2024: No Tax Relief for Crypto Sector, Industry Takes Respite in Angel Tax Abolishment
The Union Budget that was unveiled on Tuesday without any reduction in one percent TDS on all crypto transactions that has been requested by the crypto industry. Meanwhile, the Web3 community continues to vouch for patience and belief in the government for comprehensive industry-specific reforms in the future.
-
Crypto Tax Compliance in India 'Very Low', Clearances Imperative to Gain Government's Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
-
Petrol Pumps In Rajasthan Begin 2-Day Strike Demanding Tax Reduction
The Rajasthan Petrol Dealers Association has announced a "No Purchase, No Sale" strike starting at 6 am on Sunday for the next 48 hours with the aim of drawing the attention of the government to the high fuel prices in the state.
-
CoinDCX Seeks Advice to Grow India’s Web3 Sector, Experts Call for Early Test Beds and Education
Sumit Gupta, the CEO of CoinDCX has asked crypto enthusiasts to reach out with issue-solving ideas that could help expand the Web3 ecosystem in the country. People from India’s crypto industry have reacted positively to this initiave and have listed some urgent changes that could help the Web3 sector to explode to its potential in the country.
-
India’s Crypto Industry Misses Mention in FM’s Budget 2024 Speech, No Change in Taxes
Since last week, #ReduceCryptoTax has been trending on X in India with thousands of posts demanding a revision in India’s crypto tax policy. Despite the outcry, India's Finance Minister Nirmala Sitharaman did not even mention the crypto sector in the interim budget speech she presented in the parliament on Thursday, February 1.
-
India Cuts Import Tax On Smartphone Parts: Will Handset Prices Drop?
In a bid to strengthen its position as a global smartphone manufacturing hub, India has reduced import duty on key components used in mobile phone production.
-
Petrol Pumps In Rajasthan Begin Indefinite Strike Demanding Tax Reduction
Petrol filling stations across Rajasthan, barring privately-owned and operated pumps, began an indefinite strike from 6 am today, demanding a reduction in Value-Added Tax (VAT) on petrol and diesel.
-
Lamborghini Plans to Deploy Hybrid Technology Models in India by 2024-End
Italian automaker Automobili Lamborghini plans to deploy hybrid technology in its models in India by the end of 2024 as the Italian super sports car maker aims to halve the emissions from its cars in the coming years, according to a top company executive. The niche player also expressed confidence that the country's taxation policy remains consiste...
-
Budget 2023: TVs Made in India to Get Cheaper by Up to Rs. 3,000 After Tax Cuts on Imported Parts
Finance minister Nirmala Sitharaman, during her presentation of the Union Budget for 2023-24 on Wednesday, announced reduction in basic customs duty (BCD) on imported parts of TVs to 2.5 percent from five percent. Locally manufactured television sets could thus become cheaper by up to Rs 3,000
