Tax

229 taxmen died of COVID; MoS Anurag Thakur says nations will remain grateful

229 taxmen died of COVID; MoS Anurag Thakur says nations will remain grateful

Minister of State for Finance Anurag Thakur on Saturday condoled the death of 229 taxmen in the line of duty due to COVID-19 complication...Read More

GST crosses 1.41 lakh crore-mark in April: Blocking of ITC could be one of the reasons for the rise, says tax professionals

GST crosses 1.41 lakh crore-mark in April: Blocking of ITC could be one of the reasons for the rise, says tax professionals

For the month of April 2021, the Goods and Service Tax (GST) collection was at a record high of Rs 1,41,384 crore. Of this, CGST is Rs 27...Read More

Government extends timelines for tax compliance; ITR for FY20 can be filed till May 31

Government extends timelines for tax compliance; ITR for FY20 can be filed till May 31

The government on Saturday extended timelines for various income tax compliances, including the filing of belated or revised return for ...Read More

'Make in India' epitomises challenges to trade relationship: US

'Make in India' epitomises challenges to trade relationship: US

The United States has said that the recent Indian emphasis on import substitution through a "Make in India" campaign has epitomised the c...Read More

Results: Indiabulls Housing Finance's profit after tax declines 40% to Rs 329 crore in December quarter

Results: Indiabulls Housing Finance's profit after tax declines 40% to Rs 329 crore in December quarter

Mortgage lender Indiabulls Housing Finance on Friday reported a 40.4 per cent dip in its consolidated profit after tax to Rs 329 crore in...Read More

Moody's expresses doubts on higher revenue targets from tax, divestment

Moody's expresses doubts on higher revenue targets from tax, divestment

Moody's Investors Service, while silent on the sovereign rating on the higher-than-expected fiscal deficit numbers, expressed doubts over...Read More

Budget 2021: FM announces removal of 400 old exemptions, measures to reduce anomalies in GST

Budget 2021: FM announces removal of 400 old exemptions, measures to reduce anomalies in GST

Asserting that there have been record GST collections in the past few months, Union Finance Minister Nirmala Sitharaman on Monday announc...Read More

Budget 2021: Firms to forego deduction if they delay deposit of employees' social security contributions

Budget 2021: Firms to forego deduction if they delay deposit of employees' social security contributions

The government on Monday said the employers who delay the deposit of workers' share of social security contributions like employees' prov...Read More

Budget 2021: No change in the tax slabs, no enhancement in popular deductions

Budget 2021: No change in the tax slabs, no enhancement in popular deductions

The one area in the Budget which any individual closely focuses on is how much tax savings one can make in the forthcoming year based on...Read More

Larsen & Toubro Q3 net profit up 3 pc to Rs 2,648 cr

Larsen & Toubro Q3 net profit up 3 pc to Rs 2,648 cr

The company had clocked a net profit after tax and share in profit/(loss) of joint ventures/associates from continuing operations before ...Read More

About 50% industry respondents feel Budget will revive their biz: Deloitte survey

About 50% industry respondents feel Budget will revive their biz: Deloitte survey

While some respondents also feel that raising the tax exemption limit for individuals will boost private consumption and investment, abou...Read More

Budget 2021-2022:NAREDCO suggests tax rationalisation for realty in Budget

Budget 2021-2022:NAREDCO suggests tax rationalisation for realty in Budget

The National Real Estate Development Council (NAREDCO) has recommended the government take up tax rationalisation measures in the upcomin...Read More

India's tax pie gets altered because of pandemic; share of direct taxes drops

India's tax pie gets altered because of pandemic; share of direct taxes drops

The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct t...Read More

Tata-Mistry row: Tax tribunal suo moto junks negative remarks on Mistry

Tata-Mistry row: Tax tribunal suo moto junks negative remarks on Mistry

In a major moral victory for the past chairman of Tata Group who was unceremoniously sacked on October 24, 2016, the tribunal issued a co...Read More

I-T Dept allows revision of declarations filed under 'Vivad Se Vishwas' scheme

I-T Dept allows revision of declarations filed under 'Vivad Se Vishwas' scheme

Issuing a set of FAQs on 'Vivad Se Vishwas' scheme, the Central Board of Direct Taxes (CBDT) also said the scheme cannot be availed in a ...Read More

Indore: IMC seals six properties for non-payment of tax

Indore: IMC seals six properties for non-payment of tax

Different teams of IMC sealed as many as six properties for non-payment of property tax.

FY21 central tax devolution to states expected to fall by over 36%: ICRA

FY21 central tax devolution to states expected to fall by over 36%: ICRA

Accordingly, the CTD is expected to be around Rs 5,00,500 crore (Rs 5,005 billion) in FY2021 from the budgeted Rs 7,84,200 crore (Rs 7,84...Read More

Cairn seeks $1.4 bn in losses from retro tax demand

Cairn seeks $1.4 bn in losses from retro tax demand

In its half-yearly earnings statement, the company said it expects an international arbitral tribunal to shortly give a decree on its cha...Read More

Advance tax mop-up falls 25% in Q2: Source

Advance tax mop-up falls 25% in Q2: Source

Advance tax collection fell 25.5 per cent to Rs 1,59,057 crore in the second quarter of the fiscal, an income tax official said on Thurs...Read More

Customs dept to roll out pan-India faceless assessment by Dec 31; starts in Chennai, Bengaluru

Customs dept to roll out pan-India faceless assessment by Dec 31; starts in Chennai, Bengaluru

The customs department will roll out pan-India faceless assessment by December 31 in a phased manner, starting with Chennai and Bengaluru...Read More

Free Press Journal

www.freepressjournal.in