Indirect taxes

Budget 2024 wishlist: Simplify capital gains tax system, tax breathers to middle class, India Inc. tells Revenue Secretary

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Budget 2024 wishlist: Simplify capital gains tax system, tax breathers to middle class, India Inc. tells Revenue Secretary

Full Budget 2024: The full Budget 2024 will be tabled next month. On Wednesday, Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chaired the first Pre-Budget consultation meeting with leading economists. The meeting was attended by MoS for Finance Pankaj Chaudhary, the Finance Secretary, and the Secretaries of the Departments of Economic Affairs, Revenue, … Read more

Land acquisition case: Farmer makes second suicide bid in a month

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Land acquisition case: Farmer makes second suicide bid in a month

A farmer, Vakkala Ramaiah Yadav, from Kaveti Nagepalli near Palasamudram in Sri Sathya Sai district attempted suicide by consuming pesticide at the Revenue Divisional Office in Penukonda on Monday after submitting his grievance application seeking compensation for the lands acquired for the National Academy of Customs, Indirect Taxes, and Narcotics (NACIN). This is the second … Read more

President gives assent to Taxation and Other Laws bill

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President gives assent to Taxation and Other Laws bill

The President of India gave his assent to the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, which will extend compliance-related timelines for taxpayers while offering significant relief to foreign investors. The ministry of law and justice issued a notification to the effect. The bill, which now becomes an Act, was … Read more