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Toyota Pushes -Tax Cut - Hybrid Vehicles-Emphasising- Environmental Benefits-TAXSCAN

Toyota Pushes for 21% Tax Cut on Hybrid Vehicles, Emphasising Environmental Benefits

Navasree A.M

Toyota Motor is actively involved in lobbying the government, calling for a significant tax reduction on hybrid vehicles, according to a Reuters...

Karnataka Elections and Tamil Nadu Ministerial Council Shuffles Impact GST Council, Decision on...

Revenue Secretary Tarun Bajaj Hints Major Revamp in Income Tax Law

GST Council Meet Day 1: Tax Exemption for Certain Items Approved, Sources

GSTN issues Advisory to Composition Taxpayers

5% GST on Marine Engines and Spare Parts: AAR [Read Order]

The Tamil Nadu Authority of Advance Ruling (AAR) held that 5% GST on marine engines and spare parts. The applicant has stated that they are importing outboard motors from Japan and selling the...

Direct Tax Collection: Corporate Tax collection fell below Personal Income Tax collection for the first time in 12 years

The central government on Monday published its accounts for 2020-21 which says that the corporate tax collection fell below personal income tax collection for the first time in 12 years. The...

Michigan on the Brink of Becoming the Most Lucrative US State for Tax Revenues

The US state of Michigan could be set to become the most lucrative in America for tax revenues derived from casino gaming, according to new forecasts from MichiganSharp on Michigan’s potential...

tax revenues - US state - Michigan - Taxscan

CBDT amends Procedures for Filing Tax u/s 115BAB by New Manufacturing Companies [Read Notification]

The Central Board of Direct Taxes ( CBDT ) has notified new additions to the methods and procedures followed by new manufacturing companies for filing tax under section 115 BAB of the Income Tax Act,...

Income Tax Saving Deductions and ITR Filing: Checklist for Freelance Professionals

As a freelance professional in India, filing your Income Tax Return (ITR) is slightly different from salaried individuals, but the tax rates remain the same. You will need to submit either ITR-3 or...

Deities are Assessable as per Tax Rates applicable to Individuals: ITAT [Read Order]

The Pune ITAT, in a recent ruling, held that the tax rates applicable to individuals are also applicable to deities under the income tax law. The assessee is a Trust formed in 1968 and the object of...

Applying Individual Tax Rates to AOP can’t be rectified by Invoking S. 154: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that applying individual tax rates to the AOP is not a mistake apparent on the face of the record and therefore, it cannot be...

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