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39 Killed, Over 360 Injured In Anti-Tax Protest In Kenya: Rights Watchdog
At least 39 people have lost their lives in recent anti-government protests in Kenya against the new tax hike, reported Al Jazeera, citing the national rights watchdog.
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Recovery Of Rs 135 Crore From Congress As Per Income Tax Laws: Report
The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.
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Rs 58,521 Crore In Taxes Lost Due To Illicit Trade: Report
The exchequer is estimated to have lost Rs 58,521 crore in taxes in 2019-20 due to illicit trade in goods in 5 key industries, including FMCG, mobile phone, tobacco products and alcohol, a Ficci report said on Thursday.
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Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
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Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
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Crypto Tax Regime: Terra Investors In India Face Double Whammy
Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India arent as fortunate.
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Tesla CEO Elon Musk Says He Sold 'Enough Stock', Slams California for 'Overtaxation'
Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10 percent of his shares in the world's most valuable car company.
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Government's Stimulus 3.0: Jobs Creation Scheme, Tax Relief In Housing
Every EPFO registered established organisation, who take new employees who were never covered under EPFO or those who lost their job between Mar 1 and Sept 30 this year will receive benefits.
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"Lost Rs 7,800 Crore Revenue Due To Tax Concessions," Says Centre: Highlights
Finance Minister Nirmala Sitharaman announced reforms in seven key areas,including MGNREGA, healthcare and education, ease of doing business, in the fifth and final tranche of economic stimulus package to deal with the economic fallout of the COVID-19 pandemic. also announced an increase in borrowing limit forstates from 3 per cent to 5 percent. Th...
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Trump Taxes Show $1.7 Billion In Losses Over Decade: Report
US President Donald Trump's taxes show that he lost $1.7 billion over a decade starting in the mid-1980s, The New York Times reported Tuesday.
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Lost Your PAN? Here's How To Verify PAN Card Number, Basic Details
PAN - a 10-character alphanumeric number issued to income tax assessees - can be verified online through the Income Tax Department's website. In order to be able to use this facility of the Income Tax Department, the user is required to enter details such as name, date of birth and the PAN available with him or her on the Income Tax Department's e-...
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Amrapali CFO Gifted Luxury Car Worth 43 lakhs, Supreme Court Told
Companies incorporated by Chief Financial Officer Chander Wadhwa acted as a conduit to divert homebuyers' money from the Amrapali Group, says Supreme Court.
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Lenovo Posts Biggest Loss Since 2009 on Higher Component Costs
Lenovo said higher component costs, an expected tax writedown, and lower income from asset disposals overshadowed growth in revenue.
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GST Revision 'Utterly Fails' To Solve Problems, Says Congress
Keeping up the pressure on the government for the disruption caused due to the Goods and Services Tax, the Congress on Saturday welcomed the "interim relief" cleared by the GST council yesterday but stressed the government had "utterly failed" to address the structural problems of the tax regime.
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Record Of Goods Lost, Stolen, Gifts To Be Maintained In GST
A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new goods and services tax regime, which kicks in from July 1.
-
39 Killed, Over 360 Injured In Anti-Tax Protest In Kenya: Rights Watchdog
At least 39 people have lost their lives in recent anti-government protests in Kenya against the new tax hike, reported Al Jazeera, citing the national rights watchdog.
-
Recovery Of Rs 135 Crore From Congress As Per Income Tax Laws: Report
The Congress lost income tax exemption in 2018-19 due to extensive use of cash in the electoral process, sources said, justifying that Rs 135 crore tax recovery from the party was consistent with the provisions of the Income Tax Act.
-
Rs 58,521 Crore In Taxes Lost Due To Illicit Trade: Report
The exchequer is estimated to have lost Rs 58,521 crore in taxes in 2019-20 due to illicit trade in goods in 5 key industries, including FMCG, mobile phone, tobacco products and alcohol, a Ficci report said on Thursday.
-
Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its Way
Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
-
Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
-
Crypto Tax Regime: Terra Investors In India Face Double Whammy
Terra investors around the world lost billions of dollars when the algorithmic-stablecoin project crashed but they recovered a small part of their bets when a new token was distributed as compensation. Investors in India arent as fortunate.
-
Tesla CEO Elon Musk Says He Sold 'Enough Stock', Slams California for 'Overtaxation'
Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10 percent of his shares in the world's most valuable car company.
-
Government's Stimulus 3.0: Jobs Creation Scheme, Tax Relief In Housing
Every EPFO registered established organisation, who take new employees who were never covered under EPFO or those who lost their job between Mar 1 and Sept 30 this year will receive benefits.
-
"Lost Rs 7,800 Crore Revenue Due To Tax Concessions," Says Centre: Highlights
Finance Minister Nirmala Sitharaman announced reforms in seven key areas,including MGNREGA, healthcare and education, ease of doing business, in the fifth and final tranche of economic stimulus package to deal with the economic fallout of the COVID-19 pandemic. also announced an increase in borrowing limit forstates from 3 per cent to 5 percent. Th...
-
Trump Taxes Show $1.7 Billion In Losses Over Decade: Report
US President Donald Trump's taxes show that he lost $1.7 billion over a decade starting in the mid-1980s, The New York Times reported Tuesday.
-
Lost Your PAN? Here's How To Verify PAN Card Number, Basic Details
PAN - a 10-character alphanumeric number issued to income tax assessees - can be verified online through the Income Tax Department's website. In order to be able to use this facility of the Income Tax Department, the user is required to enter details such as name, date of birth and the PAN available with him or her on the Income Tax Department's e-...
-
Amrapali CFO Gifted Luxury Car Worth 43 lakhs, Supreme Court Told
Companies incorporated by Chief Financial Officer Chander Wadhwa acted as a conduit to divert homebuyers' money from the Amrapali Group, says Supreme Court.
-
Lenovo Posts Biggest Loss Since 2009 on Higher Component Costs
Lenovo said higher component costs, an expected tax writedown, and lower income from asset disposals overshadowed growth in revenue.
-
GST Revision 'Utterly Fails' To Solve Problems, Says Congress
Keeping up the pressure on the government for the disruption caused due to the Goods and Services Tax, the Congress on Saturday welcomed the "interim relief" cleared by the GST council yesterday but stressed the government had "utterly failed" to address the structural problems of the tax regime.
-
Record Of Goods Lost, Stolen, Gifts To Be Maintained In GST
A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new goods and services tax regime, which kicks in from July 1.
