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Indian tax authorities probe international airlines for tax evasion
As of now, there is no official statement from the implicated airlines regarding the allegations or the summoning by the DGGI. However, it is expected that these carriers will collaborate with authorities and furnish the requisite clarifications to resolve the concerns raised.
Windfall tax continues to remain 0 on fuel; no changes made after previous notification
The windfall tax still remains zero on petroleum crude, ATF, diesel, petrol etc.
Centre cuts windfall tax on crude, export taxes on aviation fuel and diesel
It reduced the windfall tax on crude from Rs 2,100 to Rs 1,900 ($23.28) per tonne on Tuesday.
Delhi HC approves the use of service charges in eateries till next hearing
The Delhi High Court ruled on Thursday that restaurants across the country can continue to impose a service charge for the time being.
Corporate tax collections increase 34% in the first four months of fiscal year 2022-23
According to the Income Tax Department, the corporation tax collection increased significantly by 34% in the first four months of the current fiscal year compared to the same period in FY 2021–2022.
State Taxes and Excise department collects Revenue of Rs. 8403.70 crore
A spokesperson of the State Taxes and Excise Department informed the revenue collection in Financial Year 2021-22 was Rs. 8403.70 crore despite Covid-19.
FinMin proposes reforms to strengthen digital currency taxation standards
According to the revisions to the Finance Bill, 2022 that have been circulated among Lok Sabha members, the ministry intends to delete the term 'other' from the provision dealing with the set-off of losses from gains in virtual digital assets.
India accuses Huawei of tax evasion of worth $52 million: Report
Income tax officials searched Huawei's offices in New Delhi, Gurugram, and Bengaluru last month.
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