June GST collection jumps 56 pc YoY to Rs 1,44,616 cr

New Delhi: India's GST collection in June jumped 56 percent on an annual basis to Rs 1.45 lakh crore compared to Rs 1.4 lakh crore in May, Finance Minister Nirmala Sitharaman said Friday.

Income Tax: Govt may increase standard deduction by 30-35 pc

New Delhi/IBNS: The government is mulling an enhancement in the tax bracket for the salaried individuals by 30-35 percent in the upcoming budget while keeping the existing income tax slabs unchanged, media reports said.

Income of company with no presence in India is not taxable: ITAT

New Delhi/IBNS: A tax tribunal has ruled that domestic taxes cannot be levied on a company that doesn't have any presence in India, media reports said.

35,074 taxpayers chose 'Vivad Se Vishwas Scheme': Anurag Thakur

New Delhi/UNI: A total of 35,074 taxpayers have opted for the Direct Tax Vivad Se Vishwas Act since its enactment through Form-1 (Declaration under the scheme) that were submitted till September 8.

Cabinet approves Agreement and Protocol between India and Chile for the avoidance of double taxation

New York/IBNS: The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of the Double Taxation Avoidance Agreement (DTAA) and Protocol between the Republic of India and the Republic of Chile for the elimination of double taxation and the prevention of fiscal evasion and avoidance with respect to taxes on income.

Taxation: Cabinet approves signing of agreement between India, Maldives

New Delhi, Feb 24 (IBNS) The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its approval for signing of an agreement between India and Maldives for the avoidance of double taxation of income from international air transport.