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Saturday, January 25, 2025 | 08:38 AM ISTEN Hindi

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Monika Yadav

Monika Yadav

Journalist

Journalist

Monika Yadav

Supreme Court stays ruling favouring Tiger Global in Flipkart deal

India-Mauritius DTAA conundrum: The HC's decision in August '24 had affirmed Tiger Global's eligibility for capital gains tax exemptions under the DTAA

Supreme Court stays ruling favouring Tiger Global in Flipkart deal
Updated On : 24 Jan 2025 | 11:28 PM IST

Union Budget 2025-26: Customs duty hike likely on key pharma, RE products

Key components in the renewable energy industry such as special bearings, gearboxes, yaw components, wind turbine controllers are currently subjected to a concessional customs duty of 5 per cent

Union Budget 2025-26: Customs duty hike likely on key pharma, RE products
Updated On : 23 Jan 2025 | 11:56 PM IST

India's 6% equalisation levy on ads may face US scrutiny under Trump memo

The equalisation levy was introduced at 6 per cent in FY17 for digital advertising services

India's 6% equalisation levy on ads may face US scrutiny under Trump memo
Updated On : 23 Jan 2025 | 12:38 AM IST

Union Budget 2025-26: 25% income tax slab, higher rebate on the cards

The upcoming Budget may raise the rebate further, potentially making income up to Rs 10 lakh tax-free

Union Budget 2025-26: 25% income tax slab, higher rebate on the cards
Updated On : 22 Jan 2025 | 12:01 AM IST

Faceless tax assessments: Benefits, challenges, solutions for improvement

How can govt improve upon the faceless tax assessment system

Faceless tax assessments: Benefits, challenges, solutions for improvement
Updated On : 21 Jan 2025 | 3:42 PM IST

Income-Tax department recovers Rs 1,070 crore from wrongful claims

The taxpayers filed updated income tax returns (ITRs) for assessment years from FY23 to FY25 after doing the corrections

Income-Tax department recovers Rs 1,070 crore from wrongful claims
Updated On : 16 Jan 2025 | 11:30 PM IST

Delhi High Court exempts electricity commissions' fees from GST

The judgment came in response to show cause notices (SCNs) issued by tax authorities demanding GST on regulatory fees under the Central GST (CGST) Act, 2017, and the Integrated GST (IGST) Act, 2017

Delhi High Court exempts electricity commissions' fees from GST
Updated On : 16 Jan 2025 | 11:01 PM IST

US-India Tax Forum proposes simplifying TDS, customs tariff structure

To establish GIFT City as a global financial hub, the Forum has proposed tax exemptions on dividends and financial transactions

US-India Tax Forum proposes simplifying TDS, customs tariff structure
Updated On : 15 Jan 2025 | 10:35 PM IST

Net direct tax mopup rises 16% to Rs 16.9 trillion until January 12

Corporate tax during the same period grew at a slower pace, 8.1 per cent, to Rs 7.7 trillion. The securities transaction tax grew 75.2 per cent to Rs 44,538 crore

Net direct tax mopup rises 16% to Rs 16.9 trillion until January 12
Updated On : 13 Jan 2025 | 11:51 PM IST

GST notices worth Rs 1.12 trillion on online gaming companies stayed

SC mandates consolidation of all such cases by next hearing on March 18

GST notices worth Rs 1.12 trillion on online gaming companies stayed
Updated On : 10 Jan 2025 | 10:45 PM IST

Centre extends GST return filing deadline for GSTR-3B and GSTR-1

Additionally, the deadline for the October-December 2024 quarter has also been adjusted, with varying due dates for different classes of registered persons

Centre extends GST return filing deadline for GSTR-3B and GSTR-1
Updated On : 10 Jan 2025 | 10:03 PM IST

E-way bills in December at second highest level in two years, shows data

E-way bills are mandatory for the movement of consignments worth more than Rs 50,000 and are, therefore, an early indicator of demand and supply trends in the economy

E-way bills in December at second highest level in two years, shows data
Updated On : 09 Jan 2025 | 11:58 PM IST

Finance secretary Tuhin Kanta Pandey takes charge as revenue secretary

A 1987-batch Indian Administrative Service (IAS) officer from the Odisha cadre, Pandey had been serving as the DIPAM secretary since October 24, 2019

Finance secretary Tuhin Kanta Pandey takes charge as revenue secretary
Updated On : 09 Jan 2025 | 7:38 PM IST

FinMin files review petition in Supreme Court's Safari Retreats case ruling

The move follows the Goods and Services Tax (GST) Council's recommendation last month for a retrospective amendment to the Central Goods and Services Tax (CGST) Act

FinMin files review petition in Supreme Court's Safari Retreats case ruling
Updated On : 09 Jan 2025 | 12:17 AM IST

SC to hear online gaming firms' urgent plea for interim relief on GST

In July 2023, during its 50th meeting, the GST Council categorized online games-both skill-based and chance-based-under the 28 per cent GST slab

SC to hear online gaming firms' urgent plea for interim relief on GST
Updated On : 08 Jan 2025 | 11:38 PM IST

Gujarat HC provides relief, says no GST on transfer of state land leases

The court's decision not only alleviates the financial strain on affected businesses but also addresses long-standing concerns regarding double taxation

Gujarat HC provides relief, says no GST on transfer of state land leases
Updated On : 06 Jan 2025 | 11:03 PM IST

New rule to avoid tax deduction on purchases through IFSC sellers

Under the new regulation, sellers must submit a declaration that includes details about the previous years for which they are claiming tax deductions

New rule to avoid tax deduction on purchases through IFSC sellers
Updated On : 03 Jan 2025 | 10:48 PM IST

FISME recommends govt measures to address impact of protectionist policies

During a meeting with Chief Economic Advisor V Nageswaran, FISME representatives outlined several key recommendations to address these pressing issues

FISME recommends govt measures to address impact of protectionist policies
Updated On : 03 Jan 2025 | 7:24 PM IST

Net GST collections in December grow by 3.3%, reaching Rs 1.54 trillion

The gross GST collection - the amount before adjusting for refunds - rose by 7.3 per cent in December to Rs 1.76 trillion

Net GST collections in December grow by 3.3%, reaching Rs 1.54 trillion
Updated On : 02 Jan 2025 | 12:19 AM IST

Centre to launch revised standards for organic agricultural products

India's export of organic products is regulated under the NPOP, which has been in effect since 2001 and is administered by the Department of Commerce, Ministry of Commerce and Industry

Centre to launch revised standards for organic agricultural products
Updated On : 02 Jan 2025 | 12:12 AM IST