Taxation

Fuel prices have started to pinch consumers harder as petrol has become costlier by nearly 3.75 per cent and diesel about 4.5 per cent in the last 17 days, since the announcement of the new agriculture infrastructure and development cess in Budget 2021-22.   The government has...
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  • Members of clubs, including sporting bodies and professional institutions will now have to fully comply with tax regulations and pay GST for any goods and service they receive from facilities to which they themselves are members or constituents.   The Finance Ministry has introduced...
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  • Do you know that if a truck reaches late by a day, it can be penalised up to 108% of value as penalty under e-way bill rules? Yes! Transporters are seriously concerned about their livelihood under such impractical rules and thus have given a call for chakka jam on 26th February. As reported...
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  • The government has decided to exempt dividend payments to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) from tax deduction at source (TDS).   Presenting the Union Budget FY22, Finance Minister Nirmala Sitharaman said that the move has been made to...
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  • Contrary to the expectations of crores of taxpayers, finance minister (FM) Nirmala Sitharaman on Monday did not make any changes in the income tax (I-T), except exempting senior citizen pensioners above 75 years from filing returns. In her over one and half hour Budget speech, the FM...
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