Articles for Cr Tax

Vizag GST slueths arrest Tamil Nadu man over ₹35 cr tax fraud
4 hours, 57 minutes ago

Vizag GST slueths arrest Tamil Nadu man over ₹35 cr tax fraud

The Hindu  

Directorate General of GST Intelligence officials of the Visakhapatnam Zonal Unit have arrested a man based out of Tamil Nadu for allegedly generating fake invoices worth ₹230 crore and committing a Goods & Service Tax input tax credit fraud, causing a loss of ₹35 crore to the government exchequer. The officials say the accused is the mastermind behind a complex …

Tamil Nadu Accused Gst Fake Invoices Cr Tax
Income Tax Demand On OYO For 1,140 Cr: Delhi High Court Directs CIT To Give Personal Hearing
1 year, 10 months ago

Income Tax Demand On OYO For 1,140 Cr: Delhi High Court Directs CIT To Give Personal Hearing

Live Law  

The Delhi High Court has directed the Commissioner of Income Tax to accord a personal hearing to OYO for the stay on the income tax demand of Rs. 1,140 crores.The division bench of Justice Rajiv Shakdher and Justice Tara Vitasta Ganju has observed that the CIT has not dealt with its application, which was preferred before him, in respect of …

Tax Income Tax Delhi High Court Order Income Petitioner Oyo
₹50 cr house, Audi car - Are KL Rahul, Athiya Shetty’s wedding gifts taxable?
1 year, 11 months ago

₹50 cr house, Audi car - Are KL Rahul, Athiya Shetty’s wedding gifts taxable?

Live Mint  

Actress Athiya Shetty tied the knot with cricketer KL Rahul earlier this week at her father Suniel Shetty's farmhouse in Khandala. The father of the bride reportedly gifted the couple a flat worth ₹50 crore, while his close friend Salman Khan gifted Athiya a luxury Audi car worth ₹1.64 crore. Cricketers Virat Kohli and MS Dhoni also opted for expensive …

Gifts Tax Rahul Monetary Gift
I-T department detects Rs 250 cr 'undisclosed' income after raids on 2 realty groups of Kolkata
2 years, 4 months ago

I-T department detects Rs 250 cr 'undisclosed' income after raids on 2 realty groups of Kolkata

India TV News  

I-T raids: The income tax department has found "undisclosed" income of more than Rs 250 crore after it raided two "prominent" real estate groups based in Kolkata, West Bengal, the CBDT said on Wednesday. The department gathered "evidences of out-of-books cash transactions and on-money receipts and several documents and electronic data indicate routing of unaccounted money through shell companies". "The …

Tax Department Cbdt
BMC unveils Rs 45,949 cr budget; no property tax for flats measuring upto 500 sq ft
2 years, 11 months ago

BMC unveils Rs 45,949 cr budget; no property tax for flats measuring upto 500 sq ft

India TV News  

Highlights Brihanmumbai Municipal Corporation presented a budget of Rs 45,949.21 crore for 2022-23. Civic body announced 100% relief from payment of property tax for flats measuring up to 500 sq ft. About 16,14,000 citizens will get 100 per cent property tax relief, BMC officials said. In the budget, the civic body announced 100 per cent relief from payment of property …

Mumbai Tax Property Budget Property Tax Crore Bmc
IT Dept Unearths Rs 14 Cr Cash from Kerala-based Evangelist, His Group on Charges of Diverting Charitable Donations
4 years, 2 months ago

IT Dept Unearths Rs 14 Cr Cash from Kerala-based Evangelist, His Group on Charges of Diverting Charitable Donations

News 18  

The Income-Tax Department has seized about Rs 14 crore cash as part of its searches against a Kerala-based self-styled evangelist and his group who allegedly “siphoned off” tax exempted funds and donations received from abroad for the poor, and pumped them into real estate and personal investments, official sources said on Monday. “The group operates places of worship, a number …

Kerala Tax Group His Group Cash
Power sector to save Rs 2,500 cr annually after corporate tax cut; supply cost to come down for discoms: ICRA
5 years, 3 months ago

Power sector to save Rs 2,500 cr annually after corporate tax cut; supply cost to come down for discoms: ICRA

Firstpost  

New Delhi: The corporate tax cut is a positive development for the power sector as it will result in an estimated annual savings of Rs 2,500 crore for the power distribution segment, rating agency ICRA said on Monday. “The recent announcement by the Government…is a positive development for the power sector, as it would allow power generators with cost-plus power …

Power Supply Sector Rate Lower Mat Discoms Icra
Investors' wealth spikes Rs 2.11 lakh cr after Nirmala Sitharaman's stimulus measures announcements
5 years, 3 months ago

Investors' wealth spikes Rs 2.11 lakh cr after Nirmala Sitharaman's stimulus measures announcements

Firstpost  

Domestic investor wealth soared by Rs 2.11 lakh crore in morning trade on Friday as equity market rallied following a slew of economy-boosting announcements by Finance Minister Nirmala Sitharaman New Delhi: Domestic investor wealth soared by Rs 2.11 lakh crore in morning trade on Friday as equity market rallied following a slew of economy-boosting announcements by Finance Minister Nirmala Sitharaman. …

Finance Nirmala Sitharaman
Direct tax collection target of Rs 13.35 lakh cr for current financial year is achievable: CBDT chairman PC Mody
5 years, 6 months ago

Direct tax collection target of Rs 13.35 lakh cr for current financial year is achievable: CBDT chairman PC Mody

Firstpost  

New Delhi: The government has re-calibrated and fixed the direct taxes collection target for this financial year at Rs 13.35 lakh crore, a task that the CBDT chief said is difficult but achievable. He also said that the government can only think of further “lowering” corporate tax rates once the exemptions and deductions in this sector are phased out. The …

Corporate Tax Corporate Tax Direct Taxes Crore Pti Direct
Govt mops up Rs 6.12 lakh cr indirect taxes in Apr-Nov, target for FY'19 at Rs 11.16 lakh cr
6 years ago

Govt mops up Rs 6.12 lakh cr indirect taxes in Apr-Nov, target for FY'19 at Rs 11.16 lakh cr

Firstpost  

During April-November of the ongoing fiscal, the total net indirect tax collection is Rs 6,12,653.47 crore, Minister of State for Finance Shiv Pratap Shukla said in a written reply in the Lok Sabha. New Delhi: The government is targeting to mop up Rs 11.16 lakh crore as indirect tax collection from levy of Central and Integrated GST and compensation cess …

Tax Lakh Cr Indirect Igst