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The IPL retention list has been officially announced, with teams having to adhere to new retention slabs. The purse left for each franchise has been calculated, with teams having to pay a base price and an additional amount if they retain players above the slabs. The total purse left for each franchise is now Rs 75 crore, with teams having …

The IPL retention list has been officially announced, with teams having to adhere to new retention slabs. The purse left for each franchise has been calculated, with teams having the opportunity to retain players below the slabs for 5 consecutive years for a reduced price. The total purse for each franchise has been determined, with teams having to pay the …

A ministerial panel on Goods and Services Tax rate rationalisation is set to convene on September 25 in Goa, where it will likely discuss possible adjustments to tax slabs and rates, PTI reported. At the August meeting, the GoM directed the fitment committee—comprising tax officials from both the Centre and states—to assess the impact of potential tax rate changes on …

The Karnataka government has decided to reduce the excise duty on the premium liquor in the state to compete with the liquor prices in neighbouring states and the revised rates are likely to be finalised by June, said officials familiar with the matter. The revised excise duties are likely to be finalised by June, said officials “In order to rationalise …

Ornate statues of elephants, lions, Lord Hanuman and 'Garuda' have been installed at the main entrance leading to the Ram temple in Ayodhya, a senior official of the temple trust said on Thursday. The entire temple superstructure will eventually be three storeys -- G+2," the trust's general secretary, Champat Rai, had earlier said. The statues were installed at the main …

BENGALURU/NEW DELHI : The finance ministry is working to sweeten the two-year-old exemptions-free personal income tax regime by offering lower tax rates, a government official said, after the new system failed to click with taxpayers. “We have not seen much traction for the new personal income tax regime without exemptions so far. Similarly, the Centre is exploring ways to do …