Tax

Income Tax Tips: What Are The Tax Regulations On Transaction Between Spouses

Tue, Nov 07, 2023

Don't assume that all transactions between spouses are tax-free. There are some nuanced rules to be aware of, especially when it comes to gifts, investments, and rental income. In this video, we'll break down the key tax implications to keep in mind when dealing with your spouse financially.

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Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Sat, Jan 04, 2020

Revenue Secretary Ajay Bhushan Pandey held a high-level meeting with senior officials of CBIC and CBDT on Friday to strategise and streamline the field functions in order to achieve the direct tax and the GST target of Rs 1.10 lakh crore each in the next two months and Rs 1.25 lakh crore in the f

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After France, Italy approves digital tax on tech giants

Wed, Dec 25, 2019

 The tax is similar to the one France implemented earlier this year which has attracted severe criticism from the US.

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GST Council meeting to review cess hike on cars and 30 other items

Sat, Sep 09, 2017

The Goods and Services Tax (GST) Council will today meet at Hyderabad to reviews the tax on cars. The meeting will be chaired by Finance Minister Arun Jaitley. Watch the video for more information. About Zee Business --------------------------

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Two lakh companies struck off, bank accounts inoperable: Govt

Tue, Sep 05, 2017

The government said that since such ‘Struck off`’ companies have ceased to exist, action has been initiated to restrict the operation of bank accounts of such companies.

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Use data analytics to track undeclared wealth: PM Modi to taxmen

Sat, Sep 02, 2017

Since coming to power in May 2014, Prime Minister Narendra Modi has assured taxpayers that he will remove the fear of tax officials hounding them by ushering in accountability and answerability.

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Retail companies in India are clueless on how to pass GST's input tax credit benefits to customers

Thu, Aug 24, 2017

Indian retail CFOs have raised concerns over various issues under GST regime. One of them being input tax credit.  

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Online travel agents can deduct 1% tax collected at source: CBEC

Tue, Aug 08, 2017

Online travel agents fall in the category of e-commerce operators and can deduct 1 % tax collected at source (TCS) under the GST, the Central Board of Excise and Customs (CBEC) said on Tuesday.

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GST Council hikes cess on cigarettes

Tue, Jul 18, 2017

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Direct tax collections grow 15% till June 2017, at Rs 1.42 lakh crore

Thu, Jul 06, 2017

Key Highlights:  Direct tax collections rose 14.8%, at Rs 1.42 lakh crore  Personal income tax rose 12.9% before refunds

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Here are 22 most asked questions about GST answered

Fri, Jun 30, 2017

Despite the launch of the GST rates some time back there are several questions in people's minds about GST and the specifically about the rates.

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GST: The transition issues and what it means for India

Fri, Jun 30, 2017

However, GST, as accepted by the Government, is going to see some hiccups in the beginning as is the case with any disruption. Past few weeks has seen companies destocking their products at a rate faster than expected. Industry experts believe that normalisation may return to the Indian economy only by the third quarter (Q3FY18) of the current fiscal, i.e. September to December 2017 period. 

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Sooner or later states will have to bring petroleum under GST, says Arun Jaitley

Wed, Jun 28, 2017

KEY HIGHLIGHTS: 

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GST rollout: Here's how much more premium you need to pay on insurance policies

Thu, Jun 22, 2017

Customers currently pay 15% service tax for financial services. Starting from July 1, 2017 the GST will replace all indirect taxes like service tax and Value Added Tax. Financial services and telecom have been put in the 18% GST slab. 

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With Mercedes-Benz, BMW cutting prices, luxury cars to be cheaper by upto Rs 7 lakh

Fri, May 26, 2017

More luxury car manufacturers are expected to reduce the prices after Mercedes-Benz and BMW announced price cuts.

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GST: Companies are most likely to fatten their profits than pass on benefit on lower tax to consumers

Wed, May 24, 2017

Goods and Service Tax which has brought majority of items in the 18% tax slab may not bring down prices of goods. Even though availability of input credits, reduction of logistics cost and streamlining of businesses would theoretically bring down prices, Zeebiz speaks to companies and industry expert to check the reality.  

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GST Impact: Theme park & IPL visit to attract 28% tax; animal slaughtering & vet clinics exempt

Sat, May 20, 2017

The government has set 28% levy on visit to theme parks and sporting events like IPL while it has exempted animal slaughtering and services provided by veterinary clinics under the new GST tax, which will be implemented from July 1 this year.

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GST Impact: Telecom services, mobile phones to be expensive from July 1

Sat, May 20, 2017

According to experts, the telecom services and mobile handset prices will go up from July 1 once the new GST tax comes into effect as the government has finalised 18% tax on services provided by telecom operators as against 15% at present.

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No plan to tax agri income; rich farmer very rare: Jaitley

Tue, May 09, 2017

Finance Minister Arun Jaitley has said the government has no plans to tax agricultural income, including that of prosperous farmers, saying a rich farmer is "a very rare institution" and not the norm.

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Niti Aayog recommends taxing farmers, Arun Jaitley says no

Wed, Apr 26, 2017

Bibek Debroy, member of NITI Aayog on Tuesday had made a strong case for taxing agriculture income, an opinion contrary to the government's stated position, as reported by PTI. 

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Govt removes 1% TCS on cash purchase above Rs 2 lakh

Thu, Mar 23, 2017

The government has done away with the 1 % tax on cash payments of over Rs 2 lakh for purchase of any goods or service after it banned cash dealings above that limit from April 1.

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Not submitted investment proofs yet? Here's how you can still save tax

Mon, Mar 20, 2017

There are certain perquisites or expenses reimbursed by your employer which are eligible for tax benefits like uniform allowance, medical reimbursement, car allowance, telephone bills etc.

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Here are 5 key things to know about funds transfer to National Pension Scheme

Wed, Mar 08, 2017

If you wish to transfer your savings from recognised Provident Fund (PF) and Superannuation Fund accounts to National Pension Scheme (NPS) here are five key things that you should know about funds transfer to NPS.

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