Home Tags Tax

Tag: tax

GST

Real estate GST: Builders can choose between two GST rates

The GST council, on Tuesday, decided that builders who have buildings under construction can be given the option to choose a GST rate with input tax credits (ITC)...
Startup

Govt. simplifies tax exemption process for angel investments for startups

The government, on January 16, made it known that the procedure to seek income tax exemption for angel fund investments has been simplified for startups. Startups...
GST

GST rates slashed: Most consumer durables to be cheaper

At the 28th Goods and Services Tax (GST) Council meeting held on 21 July 2018, the GST rate for many consumer durables such as water...
Goods-and-services-tax

Revenue department clarifies GST applicability on finance sector

The revenue department updated a set of FAQs related to Goods and Services Tax (GST) applicability on the insurance, banking, and capital markets. The...
New-ITR-forms-notified-by-the-Central-Board-of-Direct-Taxes

CBDT Notifies New ITR Forms: GSTIN, Salary Breakup to be Submitted

The Central Board of Direct Taxes recently notified the new ITR forms for AY 2018-19. As per the notification, businessmen are mandated to provide...
Budget-2018

Budget 2018: Government may increase limit under Section 80C

In the upcoming budget 2018, the Government of India might take into consideration increasing Section 80C as the current limit of Rs.1.5 lakh is...

GST Council to Discuss Implementing GST in the Real Estate Market

Finance Minister Mr. Arun Jaitley announced that the GST Council will meet next month to discuss the inclusion of real estate under GST. He...
petrol-pumps

Demand for Fuel to be Included under GST Gains Momentum

Dealers are now increasing their demand for fuel to be included under the scope of GST. The United Petroleum Front (UPF) has called for...
Aamby-Valley-tax

Aamby Valley courts more trouble, gets Rs.24,000 crore tax notice

There seems to be no end to Subrata Roy’s woes, with the IT department slapping a Rs.24,646 crore notice on Aamby Valley for non-payment...

Expats whose Stay Exceeds 182 Days must get Aadhaar Card

Recently, the Government announced that expatriates whose stay in India exceeds 182 days will be required to apply for an Aadhaar card. Furthermore, these...