Shrimi Choudhary

No TCS on credit card spends overseas, says Ministry of Finance

Implementation of 20% tax on foreign remittances put off until October 1

Dealings in shares of at least three Adani companies under Sebi lens

Regulator probes possible breach of laws related to insider trading

Preview : Towards a National test...

Indian industry must see R&D

Taxing times: Income tax heat on start-ups over unexplained funds

Notices issued to check round-tripping

Google tax mop-up slips for first time to Rs 3,864 crore since inception

Uncertainty over OECD's global tax deal affects collection in FY23

Evidence against third parties subject to tax proceedings, rules SC

Apex court also allows retrospective application of rule

RBI should prioritise inflation over growth, say FinMin officials

The RBI has a mandate to keep retail inflation at 4 per cent within a band of 2 percentage points on either side

Windfall tax on domestic crude oil cut to nil, on export of diesel halved

This means crude oil, aviation turbine fuel (ATF), and petrol will not attract windfall tax

India's Goods and Services Tax mop-up crossed Rs 18 trillion in FY23

March collection was the second-highest ever

Revenue boost: FY23 net direct tax collection exceeds Revised Estimate

Mop-up could help govt meet its fiscal deficit target

GST mop up at all-time high of Rs 18 trillion in FY23, shows data

The data shows collections in the pandemic year FY21 declined, but bounced back in subsequent years, indicating resilience in the economy amid external headwinds

FinMin notifies GST amnesty scheme for non-filers, small businesses

Enterprises can apply for revocation of cancelled GST registration by June 30 after paying due taxes, interest and penalty

Govt may close FY23 with Rs 50,000 cr shortfall in direct tax mop up

The dividend from public sector enterprises gave some breather: It stood at Rs 58,988 crore, compared to the revised target of Rs 43,000 crore

Govt eyes IDBI financial bids by June, stake sale completion in FY24 itself

Govt has made several provisions and brought regulatory clarity to make deal attractive for bidders. These include allowing a consortium of foreign entities to own over 51% in the Bank

GST rate rationalisation unlikely before 2024 Lok Sabha elections

Centre, states not in favour any major change in GST structure amid inflationary pressure

Govt evaluating measures to bring down tax burden on PE/VCs in India

It is expected to be introduced in Parliament's monsoon session

CBDT asks Mumbai, West Bengal to step up efforts to raise revenue

The net tax growth rate in some of these regions was below expectations, said two people privy to the development

Direct tax collection hits 95.2% of Revised Estimates for FY23

Net collection rises 15.3% to Rs 15.72 trn as of March 16

Panel working on classification of millet products to determine GST rates

The panel will likely propose the classification at the next GST Council meeting, which is expected to be held at the end of May or in June

Only 3% PMLA cases have been against politicians: Enforcement Directorate

Probe agency registered 5,906 cases under the criminal from 2005 till Jan 2023, its data shows