Tax In India
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Income Tax Employee, An Extortion-Dacoity Accused, Held After Over Year
Delhi Police has arrested an Income Tax Department employee, alleged prime conspirator in a extortion-cum-dacoity case.
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Should India Follow the US and Establish a Bitcoin Reserve? Polygon, Avail Co-Founders Talk to Gadgets 360
In an interview with Gadgets 360, Polygon and Avail co-founders Sandeep Nailwal and Anurag Arjun share their thoughts on whether India should establish a Bitcoin reserve like the US. Nimen Shah, a senior chartered accountant and international tax advisor from Mumbai, contributed to the discussion by emphasising India’s turbulent history with cryp...
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How Long Will Income Tax Refund Take If You File ITR In April
The Income Tax Department usually notifies the ITR forms in a phased manner starting in April. The tax authorities will soon make the required forms available for the ITR filing to begin this month.
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"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
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Delhi Earned Rs 5,000 Crore From Tax On Liquor, Rs 200 Crore From Milk
Over Rs 5,000 crore was collected from taxes on liquor in the current financial year and just Rs 210 crore from milk and milk products, the Delhi government has told the Assembly
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New Tax Rates, UPI And GST: These Things Will Change Starting April 1, 2025
From changes in the tax slabs to the UPI to the launch of the Unified Pension Scheme, here's a complete list of the changes that you can expect.
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Egg Seller, Juice Vendor Get Notices For GST Dues Worth Crores
An egg seller and a juice vendor in Madhya Pradesh and Uttar Pradesh were in for a huge shock when they received notices for dues worth crores from the Income Tax (I-T) department.
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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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"From Birth Till Death, Centre Wants To Tax You, Not Help You": Raghav Chadha
Aam Aadmi Party MP Raghav Chadha on Thursday addressed the growing concerns surrounding the taxation system in India. Drawing attention to the pervasive nature of taxes throughout the life cycle, Chadha critically highlighted how citizens are taxed.
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UP Juice Seller Shocked After Allegedly Receiving Rs 7 Crore Income Tax Notice
A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 crore.
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Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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New Income Tax Bill To Be Introduced In Monsoon Session: Nirmala Sitharaman
The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday.
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Alimony In India: Tax Rules, How It Works, And How Courts Decide The Amount
Alimony, also known as maintenance, is financial support provided by one spouse to the other during or after divorce or separation
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Ram Temple Trust Pays Rs 400 Crore In Taxes Over Past 5 years
The Shri Ram Janmabhoomi Teerth Kshetra Trust has paid about Rs 400 crore in taxes to the government over the past five years, amid a surge in religious tourism, Trust Secretary Champat Rai said on Sunday.
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Income Tax Employee, An Extortion-Dacoity Accused, Held After Over Year
Delhi Police has arrested an Income Tax Department employee, alleged prime conspirator in a extortion-cum-dacoity case.
-
Should India Follow the US and Establish a Bitcoin Reserve? Polygon, Avail Co-Founders Talk to Gadgets 360
In an interview with Gadgets 360, Polygon and Avail co-founders Sandeep Nailwal and Anurag Arjun share their thoughts on whether India should establish a Bitcoin reserve like the US. Nimen Shah, a senior chartered accountant and international tax advisor from Mumbai, contributed to the discussion by emphasising India’s turbulent history with cryp...
-
How Long Will Income Tax Refund Take If You File ITR In April
The Income Tax Department usually notifies the ITR forms in a phased manner starting in April. The tax authorities will soon make the required forms available for the ITR filing to begin this month.
-
"Artificial Urgency": Court Fines Anil Ambani Rs 25,000 Over Tax Case Hearing
The Bombay High Court has imposed a cost of Rs 25,000 on industrialist Anil Ambani for seeking an urgent hearing of his petition challenging a notice issued to him by the Income Tax department in April 2022, noting it as an "artificial urgency".
-
Delhi Earned Rs 5,000 Crore From Tax On Liquor, Rs 200 Crore From Milk
Over Rs 5,000 crore was collected from taxes on liquor in the current financial year and just Rs 210 crore from milk and milk products, the Delhi government has told the Assembly
-
New Tax Rates, UPI And GST: These Things Will Change Starting April 1, 2025
From changes in the tax slabs to the UPI to the launch of the Unified Pension Scheme, here's a complete list of the changes that you can expect.
-
Egg Seller, Juice Vendor Get Notices For GST Dues Worth Crores
An egg seller and a juice vendor in Madhya Pradesh and Uttar Pradesh were in for a huge shock when they received notices for dues worth crores from the Income Tax (I-T) department.
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
"From Birth Till Death, Centre Wants To Tax You, Not Help You": Raghav Chadha
Aam Aadmi Party MP Raghav Chadha on Thursday addressed the growing concerns surrounding the taxation system in India. Drawing attention to the pervasive nature of taxes throughout the life cycle, Chadha critically highlighted how citizens are taxed.
-
UP Juice Seller Shocked After Allegedly Receiving Rs 7 Crore Income Tax Notice
A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 crore.
-
Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
-
Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
New Income Tax Bill To Be Introduced In Monsoon Session: Nirmala Sitharaman
The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday.
-
Alimony In India: Tax Rules, How It Works, And How Courts Decide The Amount
Alimony, also known as maintenance, is financial support provided by one spouse to the other during or after divorce or separation
-
Ram Temple Trust Pays Rs 400 Crore In Taxes Over Past 5 years
The Shri Ram Janmabhoomi Teerth Kshetra Trust has paid about Rs 400 crore in taxes to the government over the past five years, amid a surge in religious tourism, Trust Secretary Champat Rai said on Sunday.
