Tax

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However, a sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections and prompting the government to forecast 5% growth for this fiscal year - the slowest in 11 years. read more

Even though it sounds too good to be true, your investments can get you ample tax benefits. Tune in to the latest episode of HT Friday Finance to know more. read more

Competition Commissioner Margrethe Vestager, who takes over as the EU’s digital supremo next month, made her comments at the Web Summit in Lisbon, a major European conference for high tech. read more

The states and the Centre levy road taxes for maintaining state or national highways, and they vary. The taxes are also levied when vehicles are bought. They are over and above the purchase prices and registration charges. read more

No GST is charged on room tariffs below Rs1,000 per day. A 12% tax is levied on tariffs above Rs1,000 but below Rs2,500. An 18% tax is levied on room tariffs between Rs2,500 and 7,500. Rroom rents above Rs7,500 fall in the 28% tax slab. read more

The Act was passed when VP Singh, then in Congress, was chief minister of the state and there existed a perception that most ministers came from poor backgrounds and needed their income tax liabilities to be underwritten by the government. read more

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The Union government should also have focused on other sectors of economy, including real estate, steel industry and textiles, which are also facing a slump, say industry representatives. read more

The current policy will push India’s best talent offshore, affecting the critical finance and technology sectors read more

Mamata Banerjee said Trinamool Congress would sit on a dharna in the city on August 13 in protest against the move of the BJP-led government at the Centre. read more

Sitharaman also touched upon two other elements relating to taxation: simplification and harassment. “We are looking at simplification of taxes,” said Sitharaman adding that the report of the committee on Direct Taxes Code is expected to be released... read more

Being something of a G-20 pioneer in financial taxes hasn’t stopped the rise of India’s equity market, which exceeds $2 trillion, making it three quarters the size of its economy. read more

In case you want to make changes in your income tax return data, you can choose from options such as schedules being changed, donation and capital gain details. The gross total income and deduction amounts should be the same as in the processed retu... read more

Kejriwal requested Shah and Sitharaman to look into the matter personally and “provide additional terms of reference to the 15th Finance Commission to enable” it to recommend the legitimate shares of Delhi in central taxes. read more