TAX

Growth rate for corporate income tax is 18.08 per cent, while that for PIT (including STT) is 27.57 per cent

There are two components of EMI in any home loan, i.e., principal amount and interest amount.

IMF has projected recession in 2023; US, UK facing slowdown; against this backdrop, corporate and individual taxpayers expect tax relief in the upcoming Budget

The GST Council did not take up the agenda of setting the appellate tribunal, tax on casino and online gaming, and taxation of tobacco and gutkha

GST profiteering involves not passing on GST rate cut benefits by companies to consumers

Form 26Q is used for payments made other than salary and contains details of the total amount paid and tax deducted on such payments during a quarter

Direct tax collection, net of refunds, stands at Rs 5.29 lakh crore which is 30.17 per cent higher than the net collections for the corresponding period of last year

Eventually, the government aims to establish a system where there are no exemptions and the complex old tax regime with exemptions and deductions is terminated.

The income tax department on its Twitter handle has been reminding people to file taxes by July 31 as there will be no extension.

GST Council, headed by the finance minister Nirmala Sitharman, is likely to discuss several key issues in the meeting today. A look at the top agendas of 47th GST Council meeting on June 28-29

Finance Act 2022 inserted a new section 194R in the Income-tax Act, 1961, which was notified during the Budget this year and deals with TDS applicability.

States' share of GST in their own tax revenue during FY18-FY21 stood at 55.4%, compared with 55.2% during FY14-FY17, says a report by India Ratings

The income tax department has also found over evidences related to bogus purchases, unaccounted cash expenditures by Hero MotoCorp

A hike in the standard deduction limit is clearly the common man’s top ask of Finance Minister Nirmala Sitharaman in the upcoming Union Budget 2022