The move is in line with the amendment in the Finance Act, 2023, that allows exemption in respect of dividend income earned by an aircraft leasing business in an IFSC
Registration may be mandated; declare purpose of transactions with banks
"I don't think that the demand for these vehicles is so 'elastic' that a small tax change could impact the market drastically"
To be levied on full face value; effective roll-out after amendments to GST law
"The provisional figure is 26.05 per cent of the total Budget Estimates of direct taxes for the current financial year 2024, " the ministry said
Tuesday's GST Council meet likely to put out clarification
No consensus yet on retail sale price-based levy on some items
Cases to be scrutinised if tax credit mismatch is over 20%
The 50th GST Council meeting is scheduled to take place on July 11 in New Delhi
SOP for reporting on overseas account holders in the works
Majority owner in consortium that won stake sale for state-owned helicopter operator faces legal trouble
Data exchange, reduced costs of business also help increase direct tax collection
Implementation of 20% tax on foreign remittances put off until October 1
July 1 deadline extension not ruled out
Regulator probes possible breach of laws related to insider trading
CBDT notifies rules, to be effective from October 1
Any mismatch in information across documents could raise a red flag
Move could be a precursor to further dilution of stake in the insurance major
Advance tax payment up 15% in Q1
GGR is the total amount collected by casinos and online gaming companies before paying out money to winners