Page 7 - Shrimi Choudhary

India's gross tax revenue up 2.8% at Rs 8.9 trillion so far in FY24

India's fiscal deficit widens to 33.9% of FY24 BE; net tax revenue contracts nearly 13%

Sebi probe likely to suggest no major lapses by Adani group companies

Report may name 6 short-sellers and mention gains they made around the time of Hindenburg report's release

9 years on, Jan-Dhan helps govt seal leaks and purge bogus accounts

About 6.26 PMJDY account holders receives DBT

India to grow fastest among top economies: Finance secy T V Somanathan

He also outlined three channels through which the diaspora can exert influence: fund flow, trade, and knowledge transfer

Tax dept plans to reduce average time taken for issuing refunds to 10 days

Currently, refunds get disbursed in 16 days

How and why the revenue dept is tightening its grip on charitable bodies

The CAG, in a 2022 report, estimated the loss of potential revenue from charitable bodies at Rs 18,800 crore between the assessment years 2014-15 and 2017-18

About 55 million might opt for new tax regime, says revenue department

Majority of them have a taxable income of upto 7 lakh- 7.5 lakh

GST Council's fitment committee clarity on SUV ground clearance soon

A ground clearance (also known as ride height) of above 170 millimetre (mm) is one of the three key parameters for categorising a UV and attracting a 22 per cent compensation cess

Centre will 'intensify' efforts to control inflation: TV Somanathan

Decisions must be taken with a medium-term view, says Somanathan

GST registration to be mandatory for gaming operators based overseas

Parliament passes two Bills to levy 28% tax on online money gaming, casinos, horse racing

No-confidence motion: India in unique position of optimism, says FM

'From fragile economy in 2013 to fastest-growing in world today'

Procedural delays likely in IDBI Bank stake sale; bids expected in Q3

Financial bids constitute the second significant step in the disinvestment process, following expressions of interest (EoIs) from potential bidders

28% GST on online gaming may not impact taxation on e-sports, video games

Rules in the works for demarcation between the two forms of online gaming

Centre expects over Rs 19K cr additional revenue from e-gaming, casinos

Revenue estimates based on the turnover of the gaming industry

28% GST on online gaming to be implemented from October 1: FM Sitharaman

Despite dissent from a few states, including Goa, Sikkim, and Delhi, the Council proceeded with the decision without a vote, as the majority of states were in agreement

GST mop-up rises 11% to Rs 1.65 trn in July on sustained economic momentum

Tops Rs 1.6 trn for 5th time on sustained economic momentum, anti-evasion steps

GST Council to finalise taxing rules on online gaming on August 2

Legislative amendment expected in ongoing monsoon session of Parliament

100,000 tax notices to be disposed of by March: FM Nirmala Sitharaman

Notices served in past years for misreporting

Banks get 8 months to effect TCS on international credit card spend

Rule could be implemented from next fiscal year

Tax officials unearth Rs 19,492 crore GST evasion via special drive

The department learnt to have detained 7-10 alleged beneficiaries of fake tax claims