Tag: Tax
24% MPs/MLAs Say They Don't Need To Pay Tax Or Have No Income
In tax returns filed a year before they were elected, 72 per cent Bharatiya Janata Party (BJP) and Congress MPs and MLAs claimed they earn less than Rs 10 lakh, according to an analysis of affidavits of 4,848 (of 4,910) lawmakers.....
56% Merchants Still Do Not Accept Digital Payments
As much as 56 per cent of the merchants still do not accept digital payments because of the risks and cost of handling cash along with a fear of income loss after adopting digital payment solutions, a new survey has said.....
GST To Come Into Effect From July 1: Shaktikanta Das
The Goods and Services Tax (GST) will be implemented from July 1 as all states have agreed on the implementation date, Economic Affairs Secretary Shaktikanta Das said on Tuesday.....
Delhi Massively Cuts Tax On Jet Fuel
Air travel from Delhi to remote places within the country is set to become cheaper as the Delhi government on Wednesday announced a massive reduction in VAT on Air Turbine Fuel (ATF) from the existing 25 per cent to a mere 1 per cent.....
India's Gold Demand May Touch 650-750 Tonnes In 2017: WGC
India's gold market, facing short-term headwinds following the demonetisation and introduction of excise duty, will recover on the back of gold demand, which is expected to be around 650-750 tonnes in 2017, a World Gold Council (WGC) report said on Wednesday. ....
Telangana Presents Rs 1.50 Lakh-crore Budget
The Telangana government on Monday presented a tax-free, revenue-surplus budget for 2017-18, proposing an expenditure of Rs 1,49,646 crore -- an increase of 14.75 per cent over the previous year.....
Trump Wrote Off $100 Million In Business Losses
US President Donald Trump's tax affairs were back in the spotlight after leaked 2005 returns showed he wrote off more than $100 million in "business losses" to reduce his federal taxes burden.....
Council Likely To Meet To Approve UTGST
The Goods and Service Tax (GST) Council will meet on Thursday to discuss the remaining two draft laws -- UTGST (Union Territory GST) and sGST (state GST) -- to enable a likely rollout of the new indirect tax regime by July 1. ....
GST Can Push Up GDP By 150-200 Bps: HDFC Chairman
HDFC Chairman Deepak Parekh on Friday said the Goods and Services Tax (GST) regime can push up the country's growth by as much as 150-200 basis points (bps).....
British Spy Agency Denies Wiretapping Trump
Britain's intelligence agency Government Communications Headquarters (GCHQ) has denied the White House claims that it helped former President Barack Obama "wiretap" Donald Trump during the 2016 US presidential campaign.....
