Tag: Tax Exemption

Considering the inflation in the economy over the last 12 years as well as reducing compliance burden, there is a need to increase the threshold limit from the present Rs 10,000 to Rs 30,000.

Days after the Madras High Court rapped popular Tamil actor Vijay over tax exemption for his imported luxury car, the HC came down heavily on actor Dhanush for seeking a similar tax exemption on the import of a luxury car.

Bhubaneswar: The Goods and Services Tax (GST) Council today exempted wood meant for construction of idols and chariots of deities under the GST regime. Speaking to media after the GST Council meeting at Vigyan Bhawan in New Delhi, Odisha Finance Minister, Sashi Bhusan Behera said “After a while, the council has finally approved our demands […]

Bhubaneswar: The Goods and Services Tax (GST) on handicraft and handloom products has been slashed by the GST council following regular demands of the State Government, informed Finance Minister Sashibhusan Behera in a press meet today. After implementation of GST, while there was 28% GST on clay and stone sculpture, Sabai Grass weaving ropes and […]

At a time when lakhs of central government employees are waiting for hike in minimum pay beyond the recommendations of 7th Pay Commission, Union Finance Minister Piyush Goyal, while presenting the interim budget on February 1, made a big announcement when he extended the benefit of income tax rebate to those with income up to […]

New Delhi: On papers, the ICC vs BCCI tax battle seems to have taken a murky turn after the ICC Business Corporation (IBC) refused to hand the Indian board an extension in finding a tax solution. The ICC has in fact threatened that they can take away the 2021 T20 World Cup if the board […]