Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks
17 banks will split up to $32.3 million for Alibaba Group's Hong Kong deal.
How will an NRI debt mutual fund investor be taxed?
If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get ...
GST calls from small town tax officers spook financial services companies
Companies have been under scrutiny from indirect tax offices as far...
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.
Govt eases input tax refunds for exporters
Delay in the issuance of refunds has been a sore point for exporters since the switchover to goods and services tax (GST) regime in July 2017. The new directive from the Central Board of Indirect Taxes and Customs (CBIC) follows assurance from finance minister Nirmala Sitharaman to the industry on easing of compliances.
Stocks to watch: In times of tax gain, these 72 firms grew Q2 PAT on top line expansion
This was one of the better earnings seasons anytime in last 3-4 years, says Vivek Mavani.
Four arrested for Rs 400 cr GST fraud, ED might join probe
The CGST department has arrested four persons for allegedly making false input tax credit (ITC) claims causing loss to the exchequer to the tune of at least Rs 400 crore.
Tourism ministry planning to revamp Swadesh Darshan scheme, have moved cabinet for the same: Prahlad Patel
"A social audit has been conducted in the Swadesh Darshan scheme and there is a lot of room for changes. We have moved the cabinet for the same. We have discussed whether we should work on select circuits or one circuit at a time or should include circuits on all states at the same time," the minister said.
Six Tata trusts to challenge tax department order in tribunal
Six Tata trusts had their registrations cancelled & will now challenge the order before ITAT.
I-T dept conducts raids on Tollywood producer over alleged 'tax evasion'
Income Tax sleuths raid Tollywood producer Suresh Babu's Ramanaidu studios in Hyderabad. The raids were carried out to examine alleged ‘tax ...
Hardcastle wants higher GST & input tax credit
The move could have a huge implication for the country’s restaurant sector Restaurants across India, such as McDonald’s and Pizza Hut, are currently levied 5% GST and they cannot claim ITC on the tax paid on expenses, including raw materials and rent.
NPS partial withdrawal rules and how it is taxed
NPS offers two types of accounts for an individual - Tier-I and Tier -II. It is mandatory to open a Tier-1 account to invest in NPS. However, there are certain conditions that must be met to make partial withdrawals from a Tier-1 account.
Vedanta Q2 profit surges 44% to Rs 2,730 crore on one-time tax bonanza
The company saw a one-time deferred tax benefit of Rs 1,891 crore in the quarter.
Realtors told to reverse transition credit
The indirect tax department wants real estate developers, who were setting off taxes paid under earlier tax regime against the GST, to reverse the credit claimed as transition credit, said people in the know. Realty players hoped they would pass sales and indirect taxes to the customers and claimed this under the transition credit mechanism.
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 collects from households on a daily basis and that will in turn save money spent on the collection of waste.
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