Taxes

Input Tax Credit cannot be claimed on goods/services used for CSR activities: Budget 2023 Synopsis KPMG in India Partner, Indirect Tax, Abhishek Jain said the Finance Bill proposes to restrict input tax credit paid on goods and…

Union Budget 2023: Tax sops for participatory notes to lure funds into Indian equity Currently, exemption only on transfer of ODIs, not on distribution of income to non-resident ODI holders. IN A move which will attract overseas…

Govt Plans To Raise Duty On Non-Essential Goods In the current form, HSN codes are seen as subsuming a broad sweep of items, even at the six or eight-digit classification levels. For instance, there are different types of…

India ahead of China, Vietnam in cheap manufacturing; ranks no. 1 India, with an overall score of 40.8, ranks 13 in ‘power’ category. Its rankings in entrepreneurship and quality of life are 31 and 38, respectively. In a boost…

India’s April-September fiscal deficit touches $74.91 billion, fiscal deficits rise India's fiscal deficit for the April to September period touched 37.3% of annual estimates, official data showed on Monday, as the government…

Truecaller is paying most taxes in Sweden despite earning 70 per cent revenue from India The US-based research group Viceroy said in a report that Truecaller bills almost exclusively from Sweden and is avoiding higher tax rates…

Metal stocks tumble after Centre slaps export duty on steel, materials Shares of 11 metal companies fell by 1.84% to 11.38% after the government on Saturday decided to impose export duties on crucial steel-making raw materials like iron…

Apart from data analysis done alone or in cooperation with private companies, authorities may request information from centralized exchanges. Due to regulation, centralized exchanges may also be obligated to share such information.…

According to local news outlet Yomiuri, Japan's Financial Services Agency is considering amending the virtual currency taxation system for corporate entities ahead of the country's 2023 tax reform. The proposed change includes removing…

The South Korean Ministry of Strategy and Finance on Monday cleared that virtual asset airdrops, staking rewards and hard forked tokens would be subject to a gift tax under the Inheritance and Gift Tax Act despite the postponement of…