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Latest Articles in tax

Gateway Distriparks Clocks 190% Growth In Q3 Total Income

Gateway Rail Freight Ltd recorded total income of Rs 214 crore for the quarter as against Rs 193 crore for the same period in the previous year.

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New Indian Law To Protect Foreign Investors To Exclude Tax Demands

The bill is likely to be presented for passage in the upcoming parliament session that starts January 31.

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5 Issues Government Could Address In EXIM Policy 2020-25

Here are a few ideas about how the new FTP could overcome the shortcomings of the old one.

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Petronet LNG Q2 Profit Up 90% On Lower Tax To Rs 1,089 Crore

Petronet said its board of directors approved a special interim dividend of Rs 5.50 per share for the current fiscal 2019-20.

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GST Panel Unlikely To Favour Tax Rate Cut For Auto Sector: Sources

Total annual revenue loss could be as much as 500 billion rupees if the panel decided to lower tax rates for auto sector to 18 per cent from 28 per cent.

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Govt To Set Up Over 12,000 Ayush Centres Across India: PM

Speaking at Yoga Awards ceremony, Prime Minster Narendra Modi stressed for the need to create a homogenous system by creating an "Ayush grid" on the lines of one nation, one tax and one nation, one mobility.

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Auto LPG Body Seeks GST Cut, Level Playing Field To Spur Usage

The Indian Auto LPG Coalition (IAC) wants the government to treat auto LPG at par with any other clean fuel like CNG.

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Last Date To File GST Annual Returns Extended Till 30 November

"It is hereby informed that the last date for furnishing of annual return in the Form GSTR-9 / Form GSTR-9A and reconciliation statement in the Form GSTR-9C for the financial year 2017-18 is extended from August 31, 2019 to November 30, 2019," the Central Board of Indirect Taxes & Customs (CBIC) said in a statement.

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Govt Exceeds FY17 Tax Collection Target At Rs 17.10 Lakh Crore

The government has exceeded the tax collection estimates for 2016-17 fiscal at Rs 17.10 lakh crore. The revised estimates provided in Budget on February 1 had projected tax collections of Rs 16.97 lakh crore

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Unaccounted Cash, Deposits Can Be Disclosed Under New Scheme With 50% Tax Before April 1

The government on Friday said any unaccounted cash or deposit in a bank account before April 1, 2017, can be disclosed under a new disclosure scheme that comes with 50 per cent tax and penalty

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No Plan To Impose Tax On Farmers: Ravi Shankar Prasad

Union Minister Ravi Shankar Prasad has said that there was no plan to impose tax on farmers for their produce or on women for their jewellery

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Trump Warns Of Imposing 35% Tax On Firms Shipping Jobs Abroad

US President-elect Donald Trump has warned of imposing a whopping tax of 35 per cent on products made by American companies that either outsource jobs overseas or build a new factory in another country

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Government May Eliminate Taxman's Discretion, Lower Stamp Duty

Tightening the noose further around black economy, the government may abolish discretionary powers of tax officers in deciding liabilities for evasion, said NITI Aayog Vice-Chairman Arvind Panagariya

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No Tax On Ancestral Jewellery, Purchase From Disclosed Income

Amendments to the I-T laws do not seek to tax inherited gold and jewellery as also those items that are purchased through disclosed or agriculture income, the government said on Thursday

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Pay 50% Tax On Unaccounted Deposits, Or 85% If Caught, Says Government

Providing a window to black money holders, the government on Monday proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught

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