Tax

Pakistan's tax shortfall a major concern in implementation of $7 billion loan: IMF

A source said the IMF mission flagged two major concerns on Friday: the Federal Board of Revenue (FBR) 's underperformance and a delay in finalising the loans to fill the $2.5 billion gap.

16 November 2024, 08:57 IST

Pakistan's tax shortfall a major concern in implementation of $7 billion loan: IMF

16 November 2024, 08:57 IST

Net direct tax collection grows 15.41% to Rs 12.11 lakh crore till Nov 10

This includes net corporate tax of Rs 5.10 lakh crore and non-corporate taxes (including taxes paid by individuals, HUFs, firms) of Rs 6.62 lakh crore.

11 November 2024, 17:02 IST

Net direct tax collection grows 15.41% to Rs 12.11 lakh crore till Nov 10

11 November 2024, 17:02 IST

Land owners in Bengaluru may get tax jolt for PRR project

The Bangalore Development Authority (BDA) has begun the process of acquiring about 2,560 acres of land as per the Land Acquisition Act, 1894.

11 November 2024, 03:30 IST

Land owners in Bengaluru may get tax jolt for PRR project

11 November 2024, 03:30 IST

Former MP Hanumanthaiah demands reforms in GST regime

Former Rajya Sabha member L Hanumanthaiah was addressing a gathering to protest against the NDA-ruled Central government alleging injustices meted out to Karnataka in distribution of GST share as well as using ED and CBI to destabilize the Congress-ruled government in the state.

07 November 2024, 15:51 IST

Former MP Hanumanthaiah demands reforms in GST regime

07 November 2024, 15:51 IST

Is falling tax growth a warning signal?

With FY 2024-2025 in for a humbling tax growth performance, implications could be serious for capital expenditure and the overall Budget for 2025-2026

06 November 2024, 19:12 IST

Is falling tax growth a warning signal?

06 November 2024, 19:12 IST

CBDT allows tax officials to waive or reduce interest due from assessee

Under the Income Tax Act Section 220 (2A), if a taxpayer fails to pay the tax amount specified in any demand notice, he/she is liable to pay interest at 1 per cent per month for the period of delay in making the payment.

05 November 2024, 09:08 IST

CBDT allows tax officials to waive or reduce interest due from assessee

05 November 2024, 09:08 IST

Form 12 BAA is here to help you claim tax credit on non-salary income

Enabling this, CBDT notified the amendments and the new Form 12BAA, last month. The new form enables an employee to offset tax deducted at source (TDS) and tax collected at source (TCS) from non-salary income against his / her salary TDS.

03 November 2024, 23:31 IST

Form 12 BAA is here to help you claim tax credit on non-salary income

03 November 2024, 23:31 IST

Karnataka faced injustice in tax distribution: Minister Dinesh Gundu Rao

Stating that the state government has taken several initiatives to reduce regional imbalance, he said Cabinet meeting was also held in Kalaburagi to discuss key issues, new projects, and development plans for the region recently.

01 November 2024, 06:18 IST

Karnataka faced injustice in tax distribution: Minister Dinesh Gundu Rao

01 November 2024, 06:18 IST

Solely dependent on rental income? Here are your tax implications

As per the recent Union Budget 2024 announcements, several tax regulations directly impact landlords.

28 October 2024, 02:30 IST

Solely dependent on rental income? Here are your tax implications

28 October 2024, 02:30 IST

Karnataka was second largest direct tax contributor in FY24: SBI Report

In fiscal year 2023-24, Karnataka contributed 11.9 per cent of direct tax revenue, the second highest after Maharashtra at 38.9 per cent. Delhi was at third spot (10.4 per cent), followed by Tamil Nadu (6.5 per cent) and Gujarat (4.8 per cent).

25 October 2024, 22:18 IST

Karnataka was second largest direct tax contributor in FY24: SBI Report

25 October 2024, 22:18 IST