IRDAI Relaxes Entry Norms For Insurance Biz, Reduces Solvency Margin

New Delhi- Insurance regulator IRDAI on Friday approved a host of reforms, including easing the entry norms and reducing solvency margin that will unlock...

Centre Releases Rs 17k Crore GST Compensation To States/UTs For April – June

NEW DELHI- The central government has released Rs 17,000 crore to states towards balance GST compensation, taking the total amount released so far this fiscal to...

Key Changes In Capital Gains Tax Structure On The Anvil

New Delhi- The Finance Ministry is looking at rationalising long-term capital gains tax structure by bringing parity between similar asset classes and revising the...

About Rs 400 Cr Tax Deposited By Filing Updated ITRs So Far

New Delhi- The recently introduced provision of allowing taxpayers to update their tax returns has seen as many as 5 lakh re-filings with about...

PHDCCI Suggests 2-Yr Tax Holiday For Covid-Hit Businesses

New Delhi- Industry body PHDCCI on Tuesday suggested a two-year tax holiday for businesses like hotels and cinema theatres, which were hit hard by...

Ministers’ Panel May Recommend 28% GST On Online Gaming, Tweak In Calculation Method

New Delhi- The panel of state finance ministers is likely to recommend a uniform GST levy of 28 per cent on online gaming irrespective...

EPFO Adds 16.82 Lakh Net Subscribers In September: Govt

New Delhi- Retirement fund body EPFO added 16.82 lakh subscribers on a net basis in September 2022, the labour ministry said in a release...

Export Duty On Steel, Iron Ore Cut; Tax On Some Raw Material Imports Hiked

New Delhi- The government has cut the export duty on steel products and iron ore with effect from Saturday in order to provide a...

Govt To Increase Levy For Regional Air Connectivity Scheme From January 1

New Delhi- The government will increase the regional air connectivity levy charged from airlines operating on major routes to Rs 10,000 per departure from January 1, a...

Budget 2023 May Tweak Capital Gains Tax Regime

New Delhi- The Budget may tweak capital gains taxes levied on equity, debt and immovable property to bring parity in varied tax rates and...