President Donald Trump has announced to establish the External Revenue Service to "tariff and tax foreign countries" instead of taxing US citizens.
India's fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report.
Justin Trudeau’s resignation as Canada’s Prime Minister marks the close of an era that began with immense hope but ended amid growing challenges and dissatisfaction.
During its 55th meeting, the GST Council clarified that tax treatment for popcorn would depend on its flavour and the way it was sold; while popcorn sold loose will be taxed at 5 per cent, GST on popcorn will incre a se to 12 per cent if it was sold in packets under a brand name, while caramelised popcorn would be taxed at 18 per cent.
The year 2024 saw the Central Board of Direct Taxes (CBDT) prioritising the speedy processing of returns and refunds, with over Rs 2.35 lakh crore refunded and more than 3.87 crore Income Tax Returns (ITRs) processed within 7 days.
Earlier, in the name of making property tax uniform across Delhi, rates were hiked for North and East Delhiites. Now, other types of trivial methods are being resorted to. Corporation officials are trying to bring maximum properties out of 25 lakh properties under the wealth tax net.
State governments have received a total of Rs 1,16,665.75 crore as against the normal monthly devolution of Rs 58,332.86 crore.
Monday's surprise search and seizure of documents at Mar-a-Lago elicited a forceful reaction from top Republican and conservative officials, many of whom condemned the federal law enforcement agencies, talked openly of retribution and even spoke of defunding them outright, reports dpa news agency.
But the D.C. Circuit panel wrote that they could only analyse what Neal wrote in his request, not statements by other members of Congress about what they may do with Trump's returns once they have them.
The Income Tax Department on Friday said that they carried out a search and seizure operation recently on an ex-fund manager and chief trader of equities of a prominent mutual fund house, along with related sharebrokers, middlemen, and entry operators.
