If you are planning on buying luxury items and goods over 10 Lakh, here’s what the recent tax inclusion from Income Tax Department reports about your purchase breakdown. On 22 April, the Income Tax Department announced the list of luxury items and goods that will attract an additional 1% of Tax Collected at Source (TCS).  ...

The 51st GST Council meeting will be presided over by Union Finance Minister Nirmala Sitharaman by videoconference on Wednesday, August 2, at 4 p.m.  The GST Council is expected to decide during the meeting how to calculate the supply value in online gaming and gambling in order to impose a 28 percent tax. The meeting ...

The Goods and Services Tax (GST) Council has decided to lower the service tax on food and beverages consumed in cinema halls from 18% to 5%. This decision has been welcomed by multiplex operators, who believe it will help revive the theater business after the Covid-19 pandemic and prevent legal disputes. Food and beverages are ...

The significant dividend payment is crucial for Vedanta Resources, the company that promotes Vedanta and is struggling under a heavy debt load. The following day, July 19, the business declared a sizable second interim dividend, and shares of Vedanta spiked in morning trading.  Also Read: Scientists Discovers Key To Quantum Network & Mechanics The government’s ...

Under the longest stint of leadership that India could enjoy, Narendra Modi is gearing India up for some new developments towards his dream to move the country to a self reliant mode. There are indications for announcement of big ticket infrastructure projects and policy changes that will buttress the growth of local industry giving it ...