Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
Explain reasons for uneven bequest in the will and make small changes to it regularly to show that your intention remains unchanged.
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
Non-compliance can also result in legal complications and disputes with the tax authorities.
The Karnataka government has fixed a professional fee of Rs 59.9 lakh a day for the team of senior lawyers, including Mukul Rohatgi, to fight the case pertaining to border row with Maharashtra in the Supreme Court.
The Goods and Services Tax (GST) Council, which is likely to meet in the third or fourth week of June, is set to clear the operational framework of the much-awaited GST appellate tribunal, which will deal with tax disputes and streamline resolution. "The final blueprint, mainly the operational part, is expected to be presented in the GST Council meeting for approval. "This will pave the way for the tribunal to be functional, both at the central and state levels," said a senior government official, who expects the tribunal to be up and running by November.
While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.
Of the 3,893,149 registered applicants on the MP Rojgar portal, only 21 individuals have been successfully placed in government and semi-government positions since April 2020.
Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
Gift Nifty will provide Indian investors cues on how domestic markets could react to global events.
In a setback to former deputy chief minister Manish Sisodia, the Supreme Court on Monday denied him bail in the corruption and money laundering cases related to the alleged Delhi excise policy scam, saying the accusation of "windfall gains" of Rs 338 crore to wholesale liquor dealers was "tentatively supported" by evidence.
Spectrum trading will happen in 9 circles.
Dutch driver Giedo Van der Garde recognised his hopes of racing in Formula One are over on Wednesday after Sauber paid "significant compensation" to end a contract dispute.
The Pakistan Cricket Board has taken close to 60 per cent of the appearance money earned by the Lahore Lions team during the recently concluded Champions League T20 in India paying Muhammad Hafeez and Co only $100,000 out of the $500,000 for their hardwork.
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in the transmission market. This includes opportunities from the Rs 2.4 trillion green energy corridor.
While the declarations under the scheme have to be filed by December 31, 2020, the government had in October extended the deadline for making payment by three months till March 31, 2021, in view of the ongoing Covid-19 pandemic.
Britain's BBC faced a mounting crisis as a row over football presenter Gary Lineker's criticism of government migration policy led to a presenter mutiny.
In a late-night hearing on Tuesday, the Karnataka high court upheld an order of the Dharwad municipal commissioner allowing the Ganesh Chaturthi festival to be held at the Hubballi Idgah Maidan.
With education getting more expensive, disputes are on the rise. But with patience, some understanding of the law and all your documents, it is easy to get a refund. Here's how six students did it.
Supreme Court had on October 24 upheld government contention that non-core revenue in telecoms groups should be included in adjusted gross revenue. According to DoT's calculations, Bharti Airtel faces a liability of around Rs 42,000 crore after including licence fees and spectrum usage charges while Vodafone-Idea may have to pay about Rs 40,000 crore.
'India's edtech and start-up story will be in danger.'
Vodafone's operating loss from India business jumped to 692 million euros in April-September from 133 million euros in the same period last year.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
Treats gains on sale of as capital gains, not business income, spares him from huge tax liability.
'What is taught here is a mockery of the English language.'
Extending the deadline for the third time, the government on Wednesday allowed individuals to file income tax returns for 2019-20 fiscal till January 10. The deadline for companies and individuals who need to get their accounts audited too have been extended by 15 days till February 15, the finance ministry said in a statement. The due date for filing income tax return (ITR) by individuals and companies was December 31, 2020, and January 31, 2021, respectively.
The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets, suggests Harsh Roongta.
Paris St Germain and Brazil forward Neymar has been ordered to pay his former club Barcelona 6.7 million euros ($7.51 million) after losing a lawsuit over an unpaid bonus, the Spanish champions said in a statement on Friday. Neymar moved from Barca to PSG for a world record fee of 222 million euros in 2017 but took the La Liga side to court over the terms of the last contract he signed with them a year earlier, claiming he was entitled to 43.6 million euros.
In a setback to telecom service providers, the Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from them.
Lionel Messi was seen smiling as he and his fellow players worked through persistent rain at the club's Joan Gamper training complex under the orders of new coach Ronald Koeman.
Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.
Oil India and other PSUs had filed clarificatory /modificatory petition before the Supreme Court. These companies own and operate telecom networks though they do not provide telecom services.
Airtel, Vodafone-Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore following the Supreme Court order last week that sent shock waves through an industry already grappling with billions of dollars in debt and an intense tariff war to retain customers.
11 categories of industries will be exempt from the Madhya Pradesh Industrial Relations (MPIR) Act of 1961. This includes textile, leather, cement, iron and steel, electrical goods, sugar, electricity, public motor transport, engineering including manufacture of motor vehicles, among others.
The protracted disagreement between Cardiff City chairman Vincent Tan and manager Malky Mackay reached its inevitable conclusion on Friday when the Scot was sacked seven months after winning promotion to the Premier League.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances