Vicky Johnson, Lucy Parry, Alice Evans and Gerry GeorgievaBBC Yorkshire & Lincolnshire Investigations Mike Barley Mike Barley was in hospital for a month following a motorbike accident When Mike Barley almost died in a motorbike crash on the way home from work, he did not think his biggest worry during recovery would be the council … Read more
Kalaignar TV office. File | Photo Credit: R. Ragu The 18-year-old alleged 2G spectrum scam has come back to haunt Kalaignar TV Private Limited, with the Income Tax (I-T) department reviving its inquiry into the receipt of ₹200 crore by the television channel during the assessment years 2009-10 and 2010-11. The Madras High Court has, … Read more
If you travel on a plane that looks like this, then you’re paying for people to travel like this. [CHORAL MUSIC] You heard that right. If you’re a member of the economy class, the seat reclined in your face class, the overhead compartment won’t close class, then you’re subsidizing this guy. “I’m actually going to … Read more
The Parliamentary Select Committee appointed to review the new Income Tax Bill 2025 proposed by the government has retained the provisions in the new Bill empowering tax officials to access, forcibly if necessary, the social media and private emails of people they are conducting search and seizure operations on. The Income Tax Bill 2025 was … Read more
In 2013 a new tax was approved in one of the world’s biggest consumers of fizzy drinks Source link
The sugar tax applied to fizzy drinks is set to be extended to milkshakes and other milk-based drinks under new government plans. The government is consulting on proposals to end the exemption from the tax for dairy-based drinks, as well as non-dairy substitutes such as oats or rice. Chancellor Rachel Reeves announced in her autumn … Read more
India may not levy an “exit tax” like the United States but it’s slowly opening the door to what Nilesh Shah calls “seasonal non-residency,” a growing tax arbitrage that could soon become a flood. Reacting to a Mumbai ITAT ruling that exempted ₹1.35 crore in capital gains for a Singapore-based investor under the India-Singapore tax … Read more
On February 1, 2025, in her 74-minute Union Budget speech, Finance Minister Nirmala Sitharaman said there will be no tax on income up to ₹12,00,000 per annum, under the New Tax Regime (NTR). Factoring in Standard Deduction of ₹75,000, this limit would be extended to ₹12,75,000 per annum for salaried taxpayers. On top of it, … Read more
A ₹4,000 IPL ticket buys more than a seat and stadium buzz. It quietly hands you a crash course in how everyday purchases can carry hidden layers of taxation. What looks like a single charge is actually two taxes stacked—one on top of the other. And it’s all perfectly legal. You came for the match. … Read more
You pay your rent diligently each month, file your income tax returns on time, and even claim your House Rent Allowance (HRA). But suddenly, an unexpected Income Tax Notice arrives, questioning your rent payments and demanding answers. The trigger? A little-known TDS obligation tied directly to monthly rents above ₹50,000, which many tenants overlook, leaving … Read more