New tax regime better if deduction, exemption less than ₹3.75 lakh: Official
As taxpayers are now divided between the old and new tax regime after finance minister Nirmala Sitharaman made a slew of announcements on personal tax…
FBI searching US President Joe Biden’s home in Delaware
WASHINGTON: The FBI was conducting a planned search Wednesday of President Joe Biden‘s Rehoboth Beach, Delaware home as part of its investigation into the potential…
Peshawar mosque blast: 17 suspects arrested
PESHAWAR/ISLAMAD: Pakistan’s security agencies arrested 17 suspects in connection with the suicide blast in a high-security zone mosque in Peshawar that killed 101 people, including…
angel tax: Budget 2023: scope of angel tax expanded, to cover foreign funding
Privately held companies such as startups selling shares at a premium to foreign investors may require to pay additional tax, which may affect fundraising for…
csr: Input Tax Credit cannot be claimed on goods/services used for CSR activities: Budget 2023
The Budget on Wednesday proposed certain amendments in GST Act and said that input tax credit cannot be claimed on goods/ services used or intended…
Budget 2023: Govt proposes to cut customs duty on goods to 13% from 21%
The Government on Wednesday proposed to reduce the basic customs duty rates on goods, other than textiles and agriculture, to 13 per cent from 21…
apple growers budget: Union budget disappoints apple growers in Himachal
The Union budget for 2023-24 failed to meet the aspirations of apple growers in Himachal Pradesh as there is no mention of import duty on…
tax holiday: Budget 2023: extended tax holiday will apply to less than 1% Indian startups, say experts
The budget has proposed to extend tax holiday offered to startups under the Startup India scheme, but industry representatives said the measures will apply to…
Pakistan inflation rises to 48-year high as IMF visits
KARACHI: Inflation has risen to a 48-year high in crisis-hit Pakistan, where the International Monetary Fund is visiting for urgent talks, according to data released…
Budget 2023: New tax regime to be default; who will benefit from it?
Union Finance Minister Nirmala Sitharaman announced that the new tax regime will become the default tax regime, while the old will remain an option. Tabling…