Search For "tax system"
Great injustice to Karnataka: CM Siddaramaiah on devolution of taxes
Updated : 1 year, 10 months ago IST
"In Karnataka, in 2023-24, we all gave 4 lakh 30 thousand crores rupees as taxes from various tax systems. But we are getting only 55 thousand crores. Is it not an injust to Karnataka? That is what we are requesting. There is great injustice to Karnataka so far as devolution of taxes is conc
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World Bank asks Pakistan govt to make tax reforms, remove exemptions on du
Updated : 1 year, 10 months ago IST
In its report released on Pakistan, the World Bank advised the Pakistani government of the urgent need for tax system reforms and the removal of sales tax exemptions to promote economic and social improvement.
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BJP MP Tejasvi Surya urges Karnataka govt to roll back Bengaluru's new pro
Updated : 2 years ago IST
Tejasvi Surya, the BJP MP representing Bengaluru South constituency, on Tuesday, urged the Karnataka government to roll back the Bruhat Bengaluru Mahanagara Palike's proposed property tax system, which relies on guidance value to determine the tax rates instead of the existing zonal-based c
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Income Tax Department unveils revamped website for enhanced taxpayer exper
Updated : 2 years, 6 months ago IST
The newly revamped website was officially launched by Nitin Gupta, Chairman of the Central Board of Direct Taxes (CBDT), during the 'Chintan Shivir' event organized by the Directorate of Income Tax (Systems) in Udaipur, read the Ministry of Finance press release.
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"We will review tax system in transport sector on return to power," says T
Updated : 2 years, 6 months ago IST
Lokesh said that after Jagan Mohan Reddy has become the Chief Minister of Andhra Pradesh, the transport sector has been totally destroyed. The situation is so bad that the truck owners are now turning into drivers due to the excessive penalties and taxes being imposed on them, he added.
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GST has done justice to consumers by bringing rates down: Nirmala Sitharam
Updated : 2 years, 8 months ago IST
"GST has done justice to the consumers by bringing the rates down compared to the previous regime. Before GST was introduced, India's indirect tax system was fragmented, where every state was effectively a distinct market for the industry as well as the consumer. GST has brought in greate
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GST system needs a lot of trained professionals
Updated : 3 years, 4 months ago IST
New Delhi [India], October 28 (ANI/ATK): Resources are needed for the smooth functioning of government systems. The government pays special attention to tax management for resource mobilization. There were many discrepancies in the context of indirect tax in India. GST i.e. Goods and Serv
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Karnataka to introduce new employment policy soon: CM Bommai
Updated : 3 years, 8 months ago IST
Hubballi (Karnataka) [India], July 17 (ANI): Karnataka Chief Minister Basavaraj Bommai on Saturday said that the state government would introduce a new employment policy and self-assessment property tax system for industries in the state.
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Karnataka has ably managed the tax system: CM Bommai on GST day
Updated : 3 years, 8 months ago IST
Bengaluru (Karnataka) [India], July 1 (ANI): Karnataka Chief Minister Basavaraj Bommai on Friday presented the Chief Minister's awards organised by the Commercial Taxes department and said that the state ably managed the GST tax system.
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Vice President Naidu calls for further simplifying tax system
Updated : 3 years, 10 months ago IST
New Delhi [India], April 29 (ANI): Vice President M Venkaiah Naidu on Friday called for simplifying the tax system further to promote voluntary compliance and reduce litigation.
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G20 leaders have reached historic agreement for effective international ta
Updated : 4 years, 4 months ago IST
Rome [Italy], October 30 (ANI): Leaders of G20 nations have reached an "historic agreement" for a fairer and more effective international tax system that would set a 15 per cent global minimum corporate tax.
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G7 nations reach 'historic' agreement on global corporate tax
Updated : 4 years, 9 months ago IST
London [UK], June 5 (ANI): The Group of Seven (G7) agreed on Saturday to reform the global tax system to make multinationals and tech giants like Apple and Amazon shell out a higher fiscal contribution in countries where they do business.
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