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11 Economic Policy Changes Donald Trump Wants to Implement If Elected

06 Nov 2024

Republican presidential candidate Donald Trump has focused his economic agenda on foreign trade, U.S. manufacturing and targeted tax reductions as he seeks to return to the White House after serving as president from 2017-2021. Voters have increasingly become concerned about the economy. A recent Gallup poll showed that 43% of...

Record Increase: 51 Lakh Additional Tax Filers And 72% Opt For New Regime

02 Aug 2024

The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), which resulted in a new record of ITRs filed till July 31, 2024. July 31 was the last due date for filing the income tax returns. The total number of...

BJP Leader With One More Arresed For Uploading Anti-Muslim Content

28 Jul 2024

A local BJP leader and others were arrested in Kolar district in Karnataka for uploading anti-Muslim comments on the social media platform Facebook. Reports say that the controversial post, uploaded on Friday, July 26, criticized Muslims regarding tax payments. The post stated, "31st July is nearing. Please pay your taxes...

Budget 2024: BankBazaar Suggests Rs 18 Lakh As Ideal Threshold for 30% Income Tax

17 Jul 2024

BankBazaar has suggested a new income tax slab that could lead to a notable shift. According to their proposal, the 30% slab in the existing old regime would rise to ₹18 lakh if adjusted for inflation over this period. This marks a significant jump from the current tax structure, where...

Denmark Introduces Emissions Tax On Cows And Goats, First Nation To Implement Such Measure

29 Jun 2024

Demark is set to impose a tax on its livestock farmers against the backdrop of greenhouse gas emitted by their cows, sheep, and pigs from 2030 onwards. Methane a potent greenhouse gas is majorly emitted from the livestock sector, which contributes to global warming. The tax aims to curb the...

Mumbai Broker Says He Pays Too Many Taxes, Nirmala’s ‘Sleeping Partner’ Response

16 May 2024

Union Finance Minister Nirmala Sitharaman faced significant online backlash due to her cryptic response regarding the high taxes imposed on stock market brokers and real estate transactions. At an event held at the Bombay Stock Exchange (BSE), a stockbroker confronted the minister about the government's heavy taxation on stock market...

Karnataka CM Clashes with BJP Over 10% Temple Tax Controversy

22 Feb 2024

Karnataka Chief Minister Siddaramaiah said that the allegations regarding the Karnataka government's amendments to the Hindu Religious Institutions and Charitable Endowment Bill "appear to be misrepresented", "aiming only at misleading the public" and "polarizing people along communal lines for political leverage." The legislation requires the state to levy a 10...

Taxpayers Alert: Ministry of Finance Warns of Surge in Fake GST Summons Scams

10 Feb 2024

The Ministry of Finance has issued a warning to taxpayers regarding an increase in fraudulent schemes involving counterfeit summonses allegedly sent by the Directorate General of GST Intelligence (DGGI) and the Central Board of Indirect Taxes and Customs (CBIC). Recent observations reveal that individuals with fraudulent intentions are creating and...

India’s Tax agency plays key role in promoting adoption of digital public infrastructure initiatives: IMF

06 Apr 2023

According to the International Monetary Fund (IMF) working papers, India's tax agency has played a key role in pushing the adoption of digital public infrastructure (DPI) initiatives such as unique identification numbers for individuals. In India, the Permanent Account Number (PAN), which was created in 1972 and preceded the Aadhar...

Centre releases Rs 1.40 lakh cr tax devolution amount to states

11 Mar 2023

The government released the 14th installment of more than Rs 1.40 lakh crore in tax devolution to states on Friday. "Today, the Union Government issued the 14th payment of tax devolution to state governments totaling Rs 1,40,318 crore, as opposed to the customary monthly devolution of Rs 70,159 crore," the...

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11 Economic Policy Changes Donald Trump Wants to Implement If Elected

Record Increase: 51 Lakh Additional Tax Filers And 72% Opt For New Regime

BJP Leader With One More Arresed For Uploading Anti-Muslim Content

Budget 2024: BankBazaar Suggests Rs 18 Lakh As Ideal Threshold for 30% Income Tax

Denmark Introduces Emissions Tax On Cows And Goats, First Nation To Implement Such Measure

Mumbai Broker Says He Pays Too Many Taxes, Nirmala’s ‘Sleeping Partner’ Response

Karnataka CM Clashes with BJP Over 10% Temple Tax Controversy

Taxpayers Alert: Ministry of Finance Warns of Surge in Fake GST Summons Scams

India’s Tax agency plays key role in promoting adoption of digital public infrastructure initiatives: IMF

Centre releases Rs 1.40 lakh cr tax devolution amount to states

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