Property owners in Bengaluru who fail to clear tax dues for two consecutive years will now face 100% penalty (equal to the unpaid amount), along with an annual interest of 9%. The move, expected to impact around two lakh habitual defaulters, is part of a stricter enforcement drive by the city’s civic body. The penalty … Read more
Representational image of a Volkswagen car | Photo Credit: Reuters Indian tax authorities have singled out Volkswagen as the only automaker to wrongly classify its car imports for 12 years to evade $1.4 billion in taxes, even as rival Kia changed its practice after being pulled up, court papers show. Volkswagen is a tiny player … Read more
A view of the Greater Hyderabad Municipal Corporation head office in Hyderabad. File | Photo Credit: NAGARA GOPAL The Greater Hyderabad Municipal Corporation will conduct ‘Property Tax Parishkaram’ every Saturday between February 22 and March 29 at all its circle offices, in order to resolve long-pending property tax issues. The grievance redressal programme, to be … Read more
“I think as an investor in India you have slightly better advantage for looking at incumbents and the reason is simple because we do not have the entire value chain of products that go into an EV that are coming from India,” says Raunak Onkar, PPFAS MF. It does not matter whether EV or ICE, … Read more
New Delhi, Feb 11 (ANI): Proceedings of the Lok Sabha underway during the Budget Session of Parliament, in New Delhi on Tuesday. (ANI Photo/Sansad TV) | Photo Credit: ANI The government is all set to introduce a new Bill to reform the income tax laws on Thursday (February 13, 2025), the last day of the … Read more
Representative image | Photo Credit: Getty Images Tax breaks on electric vehicles and subsidies on renewable energy can motivate people to switch to low-carbon lifestyles, the pre-budget survey 2024-25 said on Friday (January 31, 2025). There are several effective mechanisms to promote low-carbon lifestyles and advance sustainable development with the Emissions Gap Report 2020 from … Read more
Wisdom Hatch founder Akshat Shrivastava has called for an urgent reevaluation of India’s tax system. In a post on X, Shrivastava argues that as salaries fail to keep pace with inflation, individuals paying direct taxes should receive a much-needed tax break. “With no substantial increase in salary, higher taxation leaves people with no discretionary income … Read more
India’s economy is set to grow at an impressive 6-8% CAGR over the next decade, and stock markets are expected to reflect this with nominal returns of 12-13%. But according to financial influencer and founder of Wisdom Hatch, Akshat Shrivastava, this is where most investors falter — confusing nominal gains with real wealth growth. “Taxes, … Read more
The clock is ticking for taxpayers. December 15, 2024, is the advance tax payment deadline for the financial year 2024-25. Salaried employees, freelancers, and businesses are expected to fulfill their obligations by this date to stay compliant with income tax regulations. But with the deadline landing on a Sunday, many are asking: what happens if … Read more
The PAN 2.0 Project, initiated by the Income Tax Department, has been approved by the Cabinet Committee on Economic Affairs (CCEA). This ambitious project aims to digitise and upgrade the management systems for PAN and TAN, making them more accessible and efficient for users. The revamped system is designed to offer enhanced service efficiency, stronger … Read more