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Elon Musk says he will pay over $11 billion in taxes this year

The billionaire may face a tax bill of more than $10 billion for 2021 if he exercises all his options due to expire next year, calculations last week by Bloomberg News showed.
Tesla CEO Elon Musk (REUTERS)
Tesla CEO Elon Musk (REUTERS)
Published on Dec 20, 2021 11:27 AM IST
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Bloomberg |

Delhi: 5% of ward tax collection to be reserved for EDMC local development fund

he tax and fee collection to be considered under this scheme include property tax, general trade license, health trade license, veterinary license and factory license
A senior EDMC official said that cap of <span class='webrupee'>₹</span>50 lakh has been fixed on the councillor LAD fund (Sourced)
A senior EDMC official said that cap of 50 lakh has been fixed on the councillor LAD fund (Sourced)
Updated on Nov 22, 2021 02:29 AM IST
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ByParas Singh, Hindustan Times, New Delhi

Companies may get 45 days to retract retro tax claims

  • Once the firms commit to stop pursuing the cases, the tax official will accept or reject them within 15 days.
Out of the total tax refund, the biggest chunk, of around <span class='webrupee'>₹</span>7,900 crore, is estimated to go to Cairn Energy. HT PHOTO
Out of the total tax refund, the biggest chunk, of around 7,900 crore, is estimated to go to Cairn Energy. HT PHOTO
Published on Aug 30, 2021 06:57 AM IST
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ByGireesh Chandra Prasad, New Delhi

Centre extends tax-related compliance dates in view of Covid-19. Check details

The government said that it has eased compliances to be made by the taxpayers and to mitigate the difficulties faced by various stakeholders in these difficult times marked by the coronavirus disease (Covid-19) pandemic.
Under the provisions of section 119 of the Income Tax (I-T) Act, 1961, the Central Board of Direct Taxes (CBDT) has eased compliances. (Representational Image)
Under the provisions of section 119 of the Income Tax (I-T) Act, 1961, the Central Board of Direct Taxes (CBDT) has eased compliances. (Representational Image)
Published on May 01, 2021 02:11 PM IST
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Tuesday, May 24, 2022