In a bid to enable states to boost development and capital spending, the Centre on Thursday said it has released tax devolution of Rs 1,78,173 crore to state governments, as against the normal monthly devolution of Rs 89,086.50 crore.
Ahead of the festive season, the Union Government has released Rs 1,78,173 crore to state governments as tax devolution on October 10.
The local truck owners association has urged the police administration to reconsider its decision to prohibit the entry of commercial vehicles on the national highway in Birbhum district for thirteen consecutive days, beginning today, due to the upcoming Durga Puja festivals.
With GST 2.0, the long-standing demands of the industries like tax simplification can also be resolved.
The debate surrounding the taxation of health and life insurance premiums in India has taken a significant turn with the recent consensus among members of the Goods and Services Tax (GST) Council to consider reducing the current 18 per cent levy.
While posts on WhatsApp would have us believe that taxpayers, who are allegedly in a minuscule minority, are a muchharassed lot, the Government pushes a diametrically opposite narrative viz.
The provisional figures of Direct Tax collections continue to register steady growth.
Australia, like much of the world, finds itself navigating turbulent economic waters. In a bid to ease the financial strain on citizens, Prime Minister Anthony Albanese has announced a bold move to reshape tax cuts, a decision that has sparked both support and controversy.
An earlier e-mail with an attachment from an American friend popped up suddenly. His water and sewerage bill would cost him $900 a year after a discount from January 2024, up from about $676 just six months ago, a neat Rs 20,000 jump in Indian terms. He would have to pay about Rs 75,000, up from around Rs 55,000.
The India’s largest insurer posted a profit after tax of 79.25 billion Indian rupees ($951.41 million) for the quarter ended Sept 30, compared to 159.52 billion rupees a year ago.
