Creative Bharat
The Central Board of Direct Taxes (CBDT) has issued a notification specifying the list of luxury goods on which tax collected at source (TCS) will be levied. The CBDT has issued two notifications in this regard. The first notification deals with the nature of luxury goods, while the second one deals with the tax rate […]
The Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal to facilitate the taxpayers by easing various processes, according to the Central Board of Direct Taxes (CBDT). “Gone are the days of long queues at banks, tedious form-filling, and the looming anxiety of last-minute tax payments. The ‘e-Pay Tax’ feature […]
To ease tax payments, the Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal, allowing users to pay without logging in or using a password. “It is an elegant, efficient, and hassle-free method to fulfil your tax obligations. This innovation rests comfortably on the official e-filing portal and marks another […]
The department argued that the brand name, logo and tagline were the sole properties of Mahindra & Mahindra. The adjudicating authority on goods and services tax has dropped a major portion of the GST sought from Mahindra & Mahindra for allowing its group companies to use its brand name and logo, but upheld a part […]
The income tax department on Friday said that startups recognised by the department for promotion of industry and internal trade (DPIIT) are entitled to a range of tax exemptions and will not be subjected to scrutiny. Responding to a query on social media platform X, the department clarified that “recognised startups that fulfil the conditions […]
Ahmedabad: The state govt has rolled out a 5% vehicle tax exemption for buyers of fully electric vehicles until March 31, 2026, to boost their sales. The initiative, announced in the recent state budget, came into effect on Friday after the completion of administrative procedures. “Under the new scheme, a person buying an electric vehicle […]
The income tax department on Friday said DPIIT-recognised startups are eligible for various tax exemptions, and investments made in such companies are eligible for benefits and are not subject to scrutiny. However, investments in companies that do not meet the necessary conditions may be examined based on the risk management strategy followed by the department, […]
I observe Indian and US delegates negotiating ethane and LPG import agreements, fostering a positive atmosphere for a successful trade deal. By Nidhi Verma NEW DELHI, – India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and […]
If your residential building or society is set to undergo redevelopment anytime soon, or you have agreed to exchange your current accommodation with your builder or developer for a redeveloped, new residence, you have some reason to rejoice! A recent verdict by the bench members B.R Baskaran (accountant member) and Sandeep Gosain (judicial member) of […]
India plans to end taxes on US ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden, three sources familiar with the matter said. The proposal to get rid of duties for the products used for cooking gas and petrochemical […]
