One nation, one ration card: Inside food ministry's ambitious scheme to make ration cards portable
The food ministry is moving towards making ration cards portable to help migrant workers.
Buildings composting green waste in Nashik to get 5% concession in property tax
The move is aimed at reducing the waste that the civic body c...
Tax optimiser: NPS, LTA claim can help salaried Gupta cut tax by Rs 4 lakh
Not only should you ask your employer for the NPS benefit, but you...
21 I-T officers accused of corruption asked to retire
According to Government sources, the Central Board of Direct Taxes (CBDT) compulsorily retired yet another 21 Group B officers of the rank of ITO (Income Tax Officer).
CBDT seeks to widen net for appointment of members, makes younger officers eligible for post
Till a couple of years ago, only officers of the rank of Principal Chief Commissioner of Income Tax (PCCIT) were eligible for being considered for appointment as Member, CBDT. CBDT, on November 11, sought to widen the catchment of officers by making eligible all officers of the rank of Principal Commissioner of Income Tax and above.
GST calls from small town tax officers spook financial services companies
Companies have been under scrutiny from indirect tax offices as far apart as Kolhapur, Rajahmundry, Vijaywada, Mysore and Mangalore. Now, several financial services companies have started receiving written enquiries from tax officers based in small towns seeking details around organisational structures, revenues and Goods and Services Tax (GST) paid.
Poor tax mop-up has states going slow on capex in H1: Report
It can be noted that five Opposition-ruled states led by Bengal and Kerala had on Wednesday threatened to sue the Centre for not transferring their GST share since August. Also, barring for April, GST mop-up has never touched the Rs 1 lakh monthly target this fiscal, averaging below Rs 95,000 crore.
Dr Reddy's Q2 profit jumps twofold to Rs 1,093 crore on tax benefit
There was a tax benefit of Rs 330 crore due to recognition of deferred tax assets of Rs 520 crore.
Irdai for changes in vehicle depreciation
A working group on 'Product Structure for Motor Own Damage cover' set up by the regulator has recommended two options for calculating sum insured for private cars.
Software isn’t manufacturing, won’t be eligible for 15% tax rate
The amendment comes after industry sought clarity on whether software development could be treated as manufacturing and be eligible for the reduced tax rate. On September 20, FM Sitharaman slashed the corporate tax rate to 22% for companies that do not seek exemptions or incentives, and to 15% — from the current 25% — for new manufacturing companies.
Income Tax department raids BMC contractors
IT said they had conducted search action in Mumbai and Surat on November 6 on entry providers and beneficiaries who have been engaged in execution of civil contracts mainly BMC.
Tax department going after CXO pay cheques
The tax department has started questioning top companies and banks if they were passing on some of the common costs like salaries of chief e...
Most tech can be shaped to have more benefits than negatives: Bill Gates
Gates is on a three-day visit to India to assess the work that his foundation is carrying out here.
Commodity companies seek tax rebate to cut costs
A tax of 0.01% is levied on exchange-traded commodity derivatives apart from other taxes.
9.2 million MSMEs to benefit from fintech era, 49% of them still prefer traditional lending over digital: Survey
Illustrating the increasing popularity of digital payment technology in recent times, the report, by digital payment solution provider further highlights that currently digital payment technology is marked by a high level of MSME user satisfaction.
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