tax

EY’s Priyanka Chaudhry says tax professionals are leveraging AI to form way forward for tax providers

by

Tax professionals are leveraging know-how and information abilities to spend much less time on duties like information mapping and as a substitute on critically evaluating and reviewing outcomes, Priyanka Chaudhry, EY International Supply Providers Tax Chief noticed. Additionally learn: Regardless of authorized readability, bringing on-line cash gaming entities beneath tax internet stays an uphill process: DGGI … Read more

Windfall tax on crude petroleum decreased to ₹1,850/tonne

by

The federal government has minimize windfall tax on domestically-produced crude oil to ₹1,850 per tonne, from ₹2,100 per tonne with impact from Saturday. The tax is levied within the type of Particular Further Excise Responsibility (SAED). The SAED on the export of diesel, petrol and jet gas or ATF, has been retained at ‘nil’. The … Read more

Commerce Division gathers inputs for Funds 2025-26

by

The Commerce Division has begun consultations with business gamers for Funds 2025-26, searching for solutions associated to customs duties, different levies and providers resembling banking and credit score that might enhance the profitability and competitiveness of home producers and exporters, sources mentioned. “The Commerce Division has already began reaching out to varied industrial our bodies … Read more

Aptus Worth Housing posts 21% rise in Q1 web at ₹172 cr

by

Aptus Worth Housing Finance Ltd has reported a 21 per cent rise in its revenue after tax at ₹172 crore for the quarter ended June 30, 2024, when put next with ₹142 crore within the year-ago quarter. The corporate’s web revenue development was supported by enterprise development, steady asset high quality and steady give attention to … Read more

Finances 2024: Easy methods to Go About Your Fairness, Debt and Gold Investments Put up Tax Adjustments

by

Because the mud settles on the controversy amongst taxpayers over the professionals and cons of the Finances, it’s extra necessary to take care of the state of affairs that the brand new proposals would place any investor in, particularly whereas juggling asset lessons. Ambiguity on some proposals To brush up, earnings from listed shares and … Read more

After Funds 2024, smartphones costs will scale back by 1-2% – Counterpoint

by

Tech market analysis physique, Counterpoint doesn’t predict a substantive lower within the worth of smartphones even after the discount of primary customized duties. Companies like Apple and Samsung, have localized a considerable portion of their provide chain to India, with the latest Financial Survey 2024 highlighting that 14 per cent of Apple’s international provide of … Read more

Web Direct Tax Collections Surge 19.54% to ₹5.74 Lakh Crore by July 11

by

Constructing on the sturdy present seen in monetary 12 months 2023-24, Web Direct Taxes collections have surged 19.54 per cent to ₹ 5.74-lakh crore until July 11 this fiscal, official information launched by CBDT confirmed. In the identical interval (upto July 11) final fiscal, the web direct tax collections stood at ₹4.80-lakh crore. The most … Read more

Financial institution deposit taxation wants rapid parity with competing avenues: SBI’s eco analysis

by

Parity on the taxation entrance for financial institution deposits (each Demand and Time) vis-à-vis different funding avenues is a right away want, given the shifting choice of choose cohorts of traders to alternate asset lessons whose returns have been trumping financial institution deposits, in accordance with State Financial institution of India’s financial analysis division (ERD). … Read more

Wealth Tax: World Inequality Lab research recommends wealth, inheritance taxes on extremely wealthy

by

Amid a raging political debate on wealth inequality, re-distribution and inheritance tax, a brand new analysis paper co-authored by economist Thomas Piketty has steered that India must impose a 2 per cent tax on internet wealth exceeding ₹10 crore and a 33 per cent inheritance tax to cope with the issue of rising inequality within … Read more

ESPN Mauritius has no everlasting institution in India: Delhi HC

by

The Delhi Excessive Court docket has dominated in favour of ESPN Mauritius and upheld the order of the Delhi Earnings Tax Appellate Tribunal (ITAT), which had earlier dominated that ESPN Mauritius doesn’t have a everlasting institution (PE) in India by way of ESPN Star Sports activities and ESPN Software program India, each of whom are … Read more