The GST council is likely to consider an amendment to the Goods and services tax Act to quash retrospective tax demands. The proposal was suggested by law committee, to address tax notices, where lower taxes were paid due to interpretation issues or lack of clarity in the law.
Pune (Maharashtra) [India], June 20: Bajaj Markets, one of India's leading financial marketplaces, has introduced a convenient income tax filing solution for their customers. It has partnered with Quicko, a pioneering tax filing platform, to provide a seamless e-filing experience to taxpayer
Maharashtra government has decided to form Rickshaw-Taxi Drivers Owners Welfare Corporation which will offer benefits like insurance cover and financial assistance to its registered members
The Union Cabinet on Wednesday approved the proposal of the Airports Authority of India (AAI) for the development of Lal Bahadur Shastri International Airport, Varanasi including the Construction of a New Terminal Building, Apron Extension, Runway Extension, Parallel Taxi Track and Allied
New Delhi [India], June 19: The tech landscape of India is changing at a rapid pace. From Chandrayaan-3 to UPI, the world has witnessed enough technological stealth of India. India is now in talks to build its first semiconductor fabrication facility, which is deemed a significant step from
Protesters wearing black T-shirts and blowing whistles and vuvuzelas marched towards the Parliament, adding to an outpouring of online anger trumpeted through hashtags and videos on TikTok.
In a series of pre-budget consultations, industry leaders from the Confederation of Indian Industry (CII), the PHD Chamber of Commerce and Industry (PHDCCI), and the Federation of Indian Chambers of Commerce and Industry (FICCI) presented a slew of recommendations aimed at bolstering economi
According to a press release by the Ministry of Finance, these figures underscore the country's strong economic performance and a healthy tax compliance environment.
Subhrakant Panda, Immediate Past President of FICCI, stated, "Simplification of capital gains tax was on our agenda, and the government is actively considering it. While the direction is yet to be determined, it remains a significant focus."
Karnataka Chief Minister Siddaramaiah on Monday explained along with statistics that even after the increase in tax on petrol-diesel, the fuel price in the state is lower than the BJP-ruled states and the states of South India.
There is widespread anger in Pakistan towards the government over the significant tax hikes that the authorities have levied to boost state revenues with an aim to achieve approval for an International Monetary Fund's (IMF) bailout to prevent another economic crisis in Pakistan.