Tax

Elon Musk to pay $11 billion in taxes this year

He paid a total of $455 million in federal income taxes between 2014 and 2018 and managed to pay $0 taxes as federal income taxes in the year 2018.

How to file Income Tax return when you have multiple properties?

As per the laws and policies of our nation, the benefactor of the self-occupied property is only applicable to two properties as authorised by you. While the rest of the properties are facilitated “to be let out” for the process of taxation. The term self-occupied specifies properties fixated by the property owner as the resident of the house throughout the year. Whereas the other properties proceeded to be to have authorised have been charged under tax as for rental income.

Indian govt collected Rs 3.35 lakh crore excise from petrol, diesel in last fiscal year

The duty hike for petrol was ₹19.98 per litre to ₹32.9 last year, while diesel accumulated from ₹31.8 from ₹15.83 per litre.

Tesla gets approval for its 4 vehicle variants in India: Report

As per reports, Tesla Inc is soon to make have an authorised launch in India, as the company has gotten the legal consignee to manufacture and import four models to South Asian Nations.

18 COVID-19 supplies exempted from import duties till September-end

CBIC said in a notification that the extension of the duty relief was being made in the public interest. The relief initially granted in April till the end of July was already extended once.

Deadline for making payments under ‘Vivad Se Vishwas’ scheme extended to September 30

This policy seems to gain appraisal as the taxpayers are only initiated to pay the legitimate amount without giving out penalties or interest.

Retrospective IT law will not override India’s sovereign right to tax: FM

The Rajya Sabha has issued the bill to be scrapped on Monday, due to which an array of stark conversations and litigations followed including the international arbitration by Vodafone Plc and Cairn Energy Plc, associations which India lost past year.

Centre collects Rs 72,480 crore tax under Vivad se Vishwas so far

Rs 177 crore vehicle tax collected in Odisha in the month of September

The State Transport Authority of Odisha has shown some good signs through an increase of over 31 percent, it has collected Rs 117 crore.

PM Modi to launch a new scheme to reward honest tax payers

Relief for Taxpayers as deadline for filing Income Tax Returns until 30 November

In another measure seen as a step to espouse the economically hit classes of the country, the final date for filing Income tax returns has been extended yet again.