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Bengaluru-based MPL to lay off 350 employees
The move is believed to be an impact of the GST council’s recent recommendation to impose 28 per cent tax on the earnings from this sector.
Updated on Aug 08, 2023 08:53 PM IST
Twitter relates to man paying 50% of his income as tax
A man's tweet about paying taxes twice has sparked a conversation on social media. He shared that he pays income tax and also taxes on his spending.
Published on Jul 20, 2023 09:13 AM IST
Vrinda Jain
Govt should consider junking TCS on LRS
The govt did a smart thing by not rushing through the implementation of the new LRS rules; perhaps it should do the smarter thing and scrap the changes entirely
Updated on Jun 30, 2023 03:37 AM IST
HT Editorial
Confusion on LRS tweak days before rollout; junk it: Experts
The government will soon issue some clarifications on charging different TCS rates varying between 0.5% and 20%.
Published on Jun 27, 2023 06:15 AM IST
Rajeev Jayaswal
Experts criticise decision to tax credit card usage in foreign countries
Experts said the government’s decision imposes 20% TCS on almost all transactions and would discourage people from using online payments.
Updated on May 19, 2023 02:08 AM IST
Rajeev Jayaswal, New Delhi
Bali in Indonesia mulls tourist entry tax after crackdown on bad behaviour
Dozens of tourists have been deported from Bali in the last few weeks for misusing their visas to work onshore, break traffic rules and violate religious sites.
Published on Apr 18, 2023 05:17 PM IST
Bloomberg | | Posted by Zarafshan Shiraz
Further felling of trees in Aarey will destroy sustenance of remaining Adivasis
The Bhoyes, whose eviction has been stayed by a 2018 High Court order, are now the only family from Prajapur to continue practicing indigenous land use; harvesting fruits, tubers and a few vegetables for personal consumption and sale. The natural resources that allow them to do so are now under threat, with the MMRCL prepared to fell 124 trees in the area, of which 75 are tended to by the Bhoyes.
Updated on Apr 12, 2023 12:41 AM IST
Prayag Arora-Desai
Cyprus-based betting website under scanner for GST evasion
The director of Parimatch, a Cyprus-based online gambling website, has been arrested in India for operating without GST registration, according to the Mumbai zonal unit of the Director General of Goods and Services Tax Intelligence. The firm's GST liability is estimated at INR20 crore ($2.7m). Many similar websites have emerged in India over the past two years, despite gambling and betting being illegal in the country.
Updated on Apr 11, 2023 12:57 AM IST
Payal Gwalani
Four, including foreigner held for duping Gurugram woman of ₹16 lakh
Investigators said the suspects posed as doctors, engineers and information technology (IT) professionals and got in touch with women on the matrimonial apps and took money from them on the pretext of clearing customs fees for gifts
Updated on Apr 06, 2023 11:58 PM IST
US Justice Department agreed for a settlement with Activision
It is estimated that 60% of the Americans report they enjoy playing video games on a weekly basis and over millions like to watch pro league tournaments.
Published on Apr 05, 2023 06:01 AM IST
Tuhin Das Mahapatra
Mohali: Duo robs banker of ₹1 lakh at gunpoint through UPI transfer
Threatening to kill him, the robbers first looted ₹1 lakh through UPI transfer, before forcing the victim to withdraw ₹20,000 from an ATM, said Mohali police
Updated on Apr 01, 2023 02:27 AM IST
HT Correspondent, Mohali
Bid to remove tax benefit from debt funds is hasty
There is an uproar in the Indian investing community over the collapsing of the long- and short-term tax status of debt funds, removing the indexation benefit from financial year 2023-24 and the manner in which it was pushed through.
Published on Mar 25, 2023 01:32 AM IST
Monika Halan
Centre cuts windfall tax on crude, aviation turbine fuel and diesel: Report
Indian government decided to cut windfall tax on crude, aviation turbine fuel and diesel to 4,350 rupees ($52.60) per tonne from 5,050 rupees per tonne, effective Thursday.
Published on Feb 16, 2023 09:33 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar
Budget 2023: What is Indirect Tax? Meaning and types
Indirect taxes are levied on businesses, who then pass the cost on to consumers. Goods and Services Tax (GST) and Central Excise Duty are the two major indirect taxes.
Updated on Jan 29, 2023 02:34 PM IST
Dubai aims to boost business and tourism by ending hefty alcohol tax
Tourism is a key plank of the emirate’s economy but it’s been geared predominantly toward the luxury segment. The latest move of scrapping a 30% tax on alcohol sales and making liquor licenses free will leave Dubai better-positioned to cater to wider swathes of the market.
Updated on Jan 02, 2023 04:24 PM IST
Bloomberg | | Posted by Zarafshan Shiraz
California Democrats split over move to tax rich for electric vehicles: Report
Environmental and health group backers say California needs dedicated funding to speed the transition away from gas-powered cars and help lower planet-warming emissions.
Published on Oct 17, 2022 04:07 PM IST
AP | | Posted by Lingamgunta Nirmitha Rao
Centre hikes tax on windfall profit on crude oil, export of diesel, jet fuel
The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC) was increased to ₹11,000 per tonne beginning October 16 from ₹8,000.
Updated on Oct 15, 2022 09:50 PM IST
PTI |
Thailand lures wealthy and talented foreigners with 10-year visa, tax breaks
Top professionals, eligible high net-worth individuals and retirees can start applying online from Thursday to stay for as long as 10 years in Thailand. The government has set the target of attracting one million wealthy or talented foreigners to the country over the next five years
Updated on Sep 01, 2022 09:04 AM IST
Bloomberg | | Posted by Zarafshan Shiraz
Pakistan to raise PKR 30 bn as taxes to avert default on oil and gas payments
The country's Economic Coordination Committee (ECC) has approved budget grant of PKR 30 billion for the immediate payment to state-run Pakistan State Oil (PSO), which is facing international payment obligations of about PKR 270 billion till August 28.
Published on Aug 01, 2022 04:26 PM IST
PTI | | Posted by Yagya Sharma
'Reconsider…': Maharashtra deputy CM's plea to centre over gas price hike
The Maharashtra government had slashed Value Added Tax (VAT) on natural gas as on April 1, leading to CNG price falling by ₹6 and PNG by ₹3.50/standard cubic metre.
Published on Apr 07, 2022 02:59 PM IST
Written by Manjiri Sachin Chitre | Edited by Chandrashekar Srinivasan
People react with hilarious memes after 30% Tax on crypto assets announced
Budget 2022: Finance minister Nirmala Sitharaman made the announcement today about 30% Tax on crypto assets.
Updated on Feb 01, 2022 03:48 PM IST
Trisha Sengupta
Kerala govt to slash motor vehicle tax on tourist caravans
The government's policy is that every panchayat and municipality must have at least one tourist destination. For their smooth day-to-day running, the government has decided to enlist active participation of local self-government institutions.
Published on Sep 30, 2021 10:43 PM IST
PTI |
What is ‘faceless’ tax assessment? All you need to know
Under the system, appeals will be randomly allotted to any officer in the country. The identity of the officer deciding the appeal will remain unknown.
Updated on Aug 13, 2020 03:32 PM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Sparshita Saxena
PM Modi to launch ‘transparent’ scheme on Thursday to reward country’s honest taxpayers
The event will see top officials from the Chambers of Commerce, Trade Associations, Chartered Accountants’ associations in attendance.
Updated on Aug 12, 2020 11:12 AM IST
Hindustan Times, New Delhi | hindustantimes.com | Edited by Sparshita Saxena
Made a mistake in filing IT return? Don’t panic
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 return.
Published on Jul 23, 2019 02:34 PM IST
Hindustan Times, Mumbai | HT Correspondent
